Fieldview Capital Management LLC Takes Position in SLB Limited $SLB

Fieldview Capital Management LLC bought a new position in SLB Limited (NYSE:SLB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 80,971 shares of the oil and gas company’s stock, valued at approximately $2,783,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new stake in SLB in the 2nd quarter worth about $25,000. Root Financial Partners LLC purchased a new position in SLB during the 3rd quarter valued at about $29,000. Corsicana & Co. acquired a new position in shares of SLB in the 3rd quarter valued at about $31,000. Strengthening Families & Communities LLC acquired a new position in shares of SLB in the 3rd quarter valued at about $31,000. Finally, SouthState Bank Corp lifted its position in shares of SLB by 57.4% in the third quarter. SouthState Bank Corp now owns 1,212 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Transactions at SLB

In other news, CFO Stephane Biguet sold 61,017 shares of the stock in a transaction on Monday, January 26th. The shares were sold at an average price of $49.70, for a total value of $3,032,544.90. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director La Chevardiere Patrick De sold 4,000 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $50.29, for a total transaction of $201,160.00. Following the transaction, the director directly owned 19,525 shares of the company’s stock, valued at $981,912.25. The trade was a 17.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 156,902 shares of company stock valued at $7,796,666 over the last 90 days. Corporate insiders own 0.16% of the company’s stock.

SLB Stock Down 1.1%

SLB stock opened at $46.86 on Monday. SLB Limited has a twelve month low of $31.11 and a twelve month high of $52.45. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.36. The company has a market cap of $70.41 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 3.19 and a beta of 0.68. The business’s 50-day simple moving average is $47.73 and its 200 day simple moving average is $40.07.

SLB (NYSE:SLB) last posted its quarterly earnings results on Friday, January 23rd. The oil and gas company reported $0.78 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 firm had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.54 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts anticipate that SLB Limited will post 3.38 earnings per share for the current year.

SLB Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, February 11th will be given a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 2.5%. This is an increase from SLB’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, February 11th. SLB’s dividend payout ratio (DPR) is 49.79%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SLB. Wall Street Zen raised shares of SLB from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Stifel Nicolaus set a $56.00 target price on shares of SLB in a research note on Monday, January 26th. UBS Group reaffirmed a “buy” rating on shares of SLB in a research note on Tuesday, January 27th. Susquehanna increased their price objective on SLB from $52.00 to $58.00 and gave the stock a “positive” rating in a report on Monday, January 26th. Finally, Evercore set a $54.00 target price on SLB and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SLB has a consensus rating of “Moderate Buy” and an average target price 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.