Tandem Capital Management Corp ADV Cuts Holdings in SLB Limited $SLB

Tandem Capital Management Corp ADV decreased its stake in shares of SLB Limited (NYSE:SLB) by 82.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,193 shares of the oil and gas company’s stock after selling 29,182 shares during the period. Tandem Capital Management Corp ADV’s holdings in SLB were worth $238,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SLB. Brighton Jones LLC increased its holdings in SLB by 21.4% during the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock worth $253,000 after purchasing an additional 1,166 shares during the period. Bison Wealth LLC purchased a new stake in SLB during the 4th quarter worth about $238,000. Marshall Wace LLP purchased a new stake in SLB during the 2nd quarter worth about $8,628,000. Nebula Research & Development LLC increased its holdings in SLB by 76.0% during the 2nd quarter. Nebula Research & Development LLC now owns 24,373 shares of the oil and gas company’s stock worth $824,000 after purchasing an additional 10,522 shares during the period. Finally, Diversify Advisory Services LLC increased its holdings in SLB by 7.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 11,326 shares of the oil and gas company’s stock worth $373,000 after purchasing an additional 799 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

SLB Trading Down 0.1%

NYSE:SLB opened at $51.87 on Tuesday. The stock has a 50-day simple moving average of $49.79 and a 200-day simple moving average of $42.61. The stock has a market cap of $77.93 billion, a P/E ratio of 21.88, a P/E/G ratio of 3.72 and a beta of 0.69. SLB Limited has a 1 year low of $31.64 and a 1 year high of $54.80. 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 (NYSE:SLB) last released its quarterly earnings data on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. The business had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.54 billion. SLB had a return on equity of 17.45% and a net margin of 9.45%.The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 EPS. As a group, analysts anticipate that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Wednesday, February 11th were given a $0.295 dividend. This is a boost from SLB’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. SLB’s payout ratio is currently 49.79%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Citigroup upped their price target on SLB from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Morgan Stanley restated an “overweight” rating and set a $50.00 price target on shares of SLB in a report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SLB in a research report on Thursday, April 2nd. The Goldman Sachs Group upped their price objective on SLB from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, UBS Group reaffirmed a “buy” rating on shares of SLB in a research report on Tuesday, January 27th. Three investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, SLB currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.27.

Insider Transactions at SLB

In related news, CAO Howard Guild sold 13,268 shares of the company’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $659,419.60. Following the completion of the sale, the chief accounting officer directly owned 22,407 shares of the company’s stock, valued at $1,113,627.90. This represents a 37.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dianne B. Ralston sold 18,617 shares of the company’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 directly owned 224,097 shares of the company’s stock, valued at approximately $11,092,801.50. This trade represents a 7.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 156,902 shares of company stock worth $7,796,666. Insiders own 0.16% of the company’s stock.

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.