Mizuho Markets Cayman LP Sells 14,283 Shares of SLB Limited $SLB

Mizuho Markets Cayman LP decreased its holdings in SLB Limited (NYSE:SLB) by 52.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,173 shares of the oil and gas company’s stock after selling 14,283 shares during the quarter. Mizuho Markets Cayman LP’s holdings in SLB were worth $677,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of SLB. Abel Hall LLC grew its stake in shares of SLB by 2.7% in the first quarter. Abel Hall LLC now owns 7,535 shares of the oil and gas company’s stock worth $387,000 after acquiring an additional 198 shares during the last quarter. Private Wealth Asset Management LLC grew its stake in shares of SLB by 4.1% in the fourth quarter. Private Wealth Asset Management LLC now owns 5,041 shares of the oil and gas company’s stock worth $193,000 after acquiring an additional 200 shares during the period. Capital Advisors Ltd. LLC grew its position in SLB by 9.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 2,503 shares of the oil and gas company’s stock worth $129,000 after purchasing an additional 214 shares during the period. Ballentine Partners LLC increased its position in SLB by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 10,288 shares of the oil and gas company’s stock valued at $395,000 after acquiring an additional 218 shares during the last quarter. Finally, Davis Capital Management increased its position in shares of SLB by 1.0% during the 1st quarter. Davis Capital Management now owns 21,968 shares of the oil and gas company’s stock valued at $1,129,000 after purchasing an additional 220 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Steve Matthew Gassen sold 53,379 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $56.18, for a total value of $2,998,832.22. Following the transaction, the executive vice president directly owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. This represents a 52.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director La Chevardiere Patrick De sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $54.33, for a total value of $108,660.00. Following the completion of the transaction, the director directly owned 16,953 shares of the company’s stock, valued at approximately $921,056.49. This trade represents a 10.55% decrease in their position. The SEC filing for this sale provides additional information. 0.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on SLB shares. Jefferies Financial Group restated a “buy” rating and issued a $65.00 price target on shares of SLB in a research report on Sunday, April 26th. BMO Capital Markets raised their price objective on SLB from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. TD Cowen reduced their price target on shares of SLB from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Evercore restated an “outperform” rating and set a $64.00 price objective on shares of SLB in a research report on Monday, April 27th. Finally, Barclays reduced their target price on shares of SLB from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, SLB currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

SLB Trading Up 2.4%

NYSE SLB opened at $47.72 on Thursday. The company’s 50-day simple moving average is $51.39 and its two-hundred day simple moving average is $50.49. SLB Limited has a one year low of $31.64 and a one year high of $58.82. The company has a market capitalization of $71.34 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.88 and a beta of 0.72. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.34.

SLB (NYSE:SLB) last issued its quarterly earnings data on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. SLB had a return on equity of 15.54% and a net margin of 9.26%.The company had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.76 billion. During the same quarter last year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts forecast that SLB Limited will post 2.52 EPS for the current fiscal year.

SLB 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.