Rockefeller Capital Management L.P. Sells 147,672 Shares of SLB Limited $SLB

Rockefeller Capital Management L.P. lessened its holdings in shares of SLB Limited (NYSE:SLB) by 25.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 424,784 shares of the oil and gas company’s stock after selling 147,672 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in SLB were worth $14,358,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in SLB by 21.4% in the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock worth $253,000 after buying an additional 1,166 shares in the last quarter. Bison Wealth LLC bought a new stake in shares of SLB during the 4th quarter worth $238,000. Csenge Advisory Group lifted its holdings in shares of SLB by 6.2% during the 1st quarter. Csenge Advisory Group now owns 7,372 shares of the oil and gas company’s stock worth $308,000 after acquiring an additional 430 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in SLB by 84.4% in the first quarter. J.W. Cole Advisors Inc. now owns 41,155 shares of the oil and gas company’s stock worth $1,720,000 after acquiring an additional 18,838 shares in the last quarter. Finally, HighPoint Advisor Group LLC increased its stake in SLB by 13.5% in the first quarter. HighPoint Advisor Group LLC now owns 20,990 shares of the oil and gas company’s stock valued at $877,000 after acquiring an additional 2,498 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insiders Place Their Bets

In other SLB news, CFO Stephane Biguet sold 38,447 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $36.75, for a total value of $1,412,927.25. Following the transaction, the chief financial officer owned 175,690 shares in the company, valued at approximately $6,456,607.50. The trade was a 17.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $37.69, for a total transaction of $2,261,400.00. Following the transaction, the executive vice president directly owned 159,371 shares of the company’s stock, valued at approximately $6,006,692.99. This trade represents a 27.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 138,174 shares of company stock valued at $5,107,677 in the last quarter. Insiders own 0.22% of the company’s stock.

SLB Trading Up 0.6%

Shares of SLB stock opened at $36.03 on Wednesday. The business has a 50-day moving average of $35.04 and a 200 day moving average of $34.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.01. SLB Limited has a 1-year low of $31.11 and a 1-year high of $44.97. The stock has a market capitalization of $53.83 billion, a PE ratio of 13.91, a P/E/G ratio of 10.19 and a beta of 0.97.

SLB (NYSE:SLB) last announced its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. The firm had revenue of $8.93 billion during the quarter, compared to the consensus estimate of $8.99 billion. SLB had a return on equity of 18.97% and a net margin of 10.34%.The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 earnings per share. As a group, sell-side analysts anticipate that SLB Limited will post 3.38 earnings per share for the current year.

SLB Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a yield of 3.2%. SLB’s dividend payout ratio is presently 44.02%.

Wall Street Analyst Weigh In

SLB has been the subject of several research analyst reports. Redburn Partners set a $48.00 price target on SLB in a research note on Monday, November 3rd. Melius initiated coverage on SLB in a report on Wednesday, August 20th. They set a “buy” rating and a $82.00 price objective on the stock. JPMorgan Chase & Co. dropped their target price on SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Zacks Research upgraded shares of SLB from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Barclays lifted their price target on shares of SLB from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, SLB presently has a consensus rating of “Moderate Buy” and an average target price of $51.28.

SLB Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.