SLB Limited $SLB Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of SLB Limited (NYSE:SLB) by 72.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 445,094 shares of the oil and gas company’s stock after buying an additional 186,700 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in SLB were worth $15,151,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Synergy Asset Management LLC boosted its position in shares of SLB by 100.0% in the 3rd quarter. Synergy Asset Management LLC now owns 80,830 shares of the oil and gas company’s stock valued at $2,732,000 after purchasing an additional 40,415 shares during the period. Americana Partners LLC increased its position in SLB by 10.1% during the third quarter. Americana Partners LLC now owns 248,057 shares of the oil and gas company’s stock worth $8,526,000 after buying an additional 22,706 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in SLB by 13.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 210,056 shares of the oil and gas company’s stock valued at $7,220,000 after buying an additional 25,417 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of SLB by 4.9% in the third quarter. Nordea Investment Management AB now owns 2,157,885 shares of the oil and gas company’s stock valued at $72,354,000 after acquiring an additional 100,918 shares during the period. Finally, Bank Pictet & Cie Europe AG grew its position in shares of SLB by 1,937.4% during the third quarter. Bank Pictet & Cie Europe AG now owns 996,948 shares of the oil and gas company’s stock worth $34,265,000 after acquiring an additional 948,015 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Dianne B. Ralston sold 18,617 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $49.50, for a total value of $921,541.50. Following the completion of the sale, the insider owned 224,097 shares in the company, valued at $11,092,801.50. This trade represents a 7.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $49.70, for a total transaction of $2,982,000.00. Following the completion of the transaction, the executive vice president directly owned 140,602 shares of the company’s stock, valued at approximately $6,987,919.40. This trade represents a 29.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 162,402 shares of company stock worth $7,993,676. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

SLB has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of SLB from $43.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. Jefferies Financial Group upped their target price on shares of SLB from $51.00 to $58.00 and gave the company a “buy” rating in a report on Sunday, February 1st. TD Cowen increased their target price on shares of SLB from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Piper Sandler boosted their price target on SLB from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. Finally, Evercore set a $54.00 price objective on SLB and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SLB presently has an average rating of “Moderate Buy” and a consensus target price of $52.38.

SLB Stock Performance

NYSE SLB opened at $51.54 on Friday. The stock has a market capitalization of $77.07 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 3.51 and a beta of 0.73. The business’s 50 day moving average is $45.15 and its two-hundred day moving average is $38.68. SLB Limited has a 12-month low of $31.11 and a 12-month high of $52.40. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36.

SLB (NYSE:SLB) last posted its quarterly earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The firm had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.54 billion. SLB had a return on equity of 17.45% and a net margin of 9.45%.The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. Research analysts expect that SLB Limited will post 3.38 EPS for the current year.

SLB Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be paid a dividend of $0.295 per share. This is a boost from SLB’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. SLB’s dividend payout ratio is currently 49.79%.

SLB Profile

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.