SLB Limited $SLB is Mountain Hill Investment Partners Corp.’s 5th Largest Position

Mountain Hill Investment Partners Corp. lifted its stake in shares of SLB Limited (NYSE:SLB) by 77.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 230,600 shares of the oil and gas company’s stock after acquiring an additional 100,700 shares during the quarter. SLB accounts for about 6.3% of Mountain Hill Investment Partners Corp.’s portfolio, making the stock its 5th largest position. Mountain Hill Investment Partners Corp.’s holdings in SLB were worth $8,850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of SLB. Parcion Private Wealth LLC boosted its holdings in SLB by 22.9% in the fourth quarter. Parcion Private Wealth LLC now owns 21,707 shares of the oil and gas company’s stock valued at $833,000 after purchasing an additional 4,043 shares during the period. CWM LLC increased its holdings in SLB by 85.6% during the 4th quarter. CWM LLC now owns 72,028 shares of the oil and gas company’s stock worth $2,764,000 after purchasing an additional 33,212 shares during the period. KBC Group NV increased its holdings in SLB by 17.8% during the 4th quarter. KBC Group NV now owns 130,200 shares of the oil and gas company’s stock worth $4,997,000 after purchasing an additional 19,657 shares during the period. LBP AM SA raised its position in SLB by 125.1% in the 4th quarter. LBP AM SA now owns 265,306 shares of the oil and gas company’s stock valued at $10,182,000 after purchasing an additional 147,432 shares in the last quarter. Finally, Valmark Advisers Inc. acquired a new stake in SLB in the 4th quarter valued at about $200,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Stephane Biguet sold 61,017 shares of the business’s 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 sale, the chief financial officer directly owned 155,548 shares of the company’s stock, valued at $7,730,735.60. The trade was a 28.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dianne B. Ralston sold 18,617 shares of the company’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $49.50, for a total transaction of $921,541.50. Following the completion of the transaction, the insider owned 224,097 shares of the company’s stock, valued at $11,092,801.50. This represents a 7.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 156,902 shares of company stock worth $7,796,666. 0.16% of the stock is currently owned by company insiders.

SLB Trading Down 1.3%

SLB opened at $51.72 on Friday. 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 one year low of $31.64 and a one year high of $54.80. The company has a market cap of $77.70 billion, a P/E ratio of 21.82, a PEG ratio of 3.60 and a beta of 0.69. The business’s 50-day simple moving average is $49.89 and its 200-day simple moving average is $42.86.

SLB (NYSE:SLB) last posted its earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. The firm 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 firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 earnings per share. As a group, equities research analysts expect that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SLB shares. UBS Group reissued a “buy” rating on shares of SLB in a research report on Tuesday, January 27th. JPMorgan Chase & Co. raised their target price on shares of SLB from $43.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, January 26th. BMO Capital Markets lifted their price target on shares of SLB from $53.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Bank of America boosted 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. Finally, Barclays increased their price objective on shares of SLB from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. Three equities 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.27.

SLB Company 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.