SLB Limited $SLB Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its stake in shares of SLB Limited (NYSE:SLB) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 260,989 shares of the oil and gas company’s stock after purchasing an additional 17,937 shares during the period. Crossmark Global Holdings Inc.’s holdings in SLB were worth $8,970,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Howard Capital Management Inc. raised its holdings in shares of SLB by 3.2% in the third quarter. Howard Capital Management Inc. now owns 9,165 shares of the oil and gas company’s stock worth $315,000 after buying an additional 288 shares during the last quarter. Fielder Capital Group LLC grew its holdings in shares of SLB by 2.5% during the third quarter. Fielder Capital Group LLC now owns 12,137 shares of the oil and gas company’s stock valued at $417,000 after buying an additional 293 shares during the last quarter. Hedges Asset Management LLC increased its position in shares of SLB by 0.9% in the 3rd quarter. Hedges Asset Management LLC now owns 35,000 shares of the oil and gas company’s stock valued at $1,203,000 after acquiring an additional 300 shares during the period. Gables Capital Management Inc. increased its position in shares of SLB by 31.6% in the 3rd quarter. Gables Capital Management Inc. now owns 1,250 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 300 shares during the period. Finally, LRI Investments LLC raised its stake in SLB by 21.7% in the 3rd quarter. LRI Investments LLC now owns 1,785 shares of the oil and gas company’s stock worth $61,000 after acquiring an additional 318 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling

In other SLB news, CFO Stephane Biguet sold 61,017 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $3,032,544.90. Following the sale, the chief financial officer owned 155,548 shares in the company, valued at approximately $7,730,735.60. This represents a 28.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director La Chevardiere Patrick De sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $50.29, for a total transaction of $201,160.00. Following the sale, the director directly owned 19,525 shares in the company, valued at $981,912.25. The trade was a 17.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 156,902 shares of company stock valued at $7,796,666 in the last three months. 0.22% of the stock is currently owned by company insiders.

SLB Price Performance

Shares of SLB opened at $46.86 on Friday. The business’s 50-day moving average is $47.73 and its two-hundred day moving average is $39.98. The company has a market capitalization of $70.41 billion, a P/E ratio of 19.77, a P/E/G ratio of 3.22 and a beta of 0.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.33. SLB Limited has a fifty-two week low of $31.11 and a fifty-two week high of $52.45.

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

SLB Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, February 11th will be issued a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This is a boost from SLB’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a yield of 2.5%. SLB’s dividend payout ratio is presently 49.79%.

Analyst Ratings Changes

A number of analysts have commented on the company. UBS Group reaffirmed a “buy” rating on shares of SLB in a research report on Tuesday, January 27th. Sanford C. Bernstein increased their price objective on SLB from $47.60 to $52.30 and gave the company an “outperform” rating in a report on Thursday, December 11th. Piper Sandler raised their price objective on SLB from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. Royal Bank Of Canada upped their target price on SLB from $51.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Finally, Bank of America increased their price target on shares of SLB from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.96.

About SLB

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.