SLB Limited $SLB Shares Sold by Apriem Advisors

Apriem Advisors decreased its position in shares of SLB Limited (NYSE:SLB) by 38.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,071 shares of the oil and gas company’s stock after selling 45,675 shares during the period. Apriem Advisors’ holdings in SLB were worth $2,804,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Private Wealth Asset Management LLC increased its position in SLB by 4.1% during 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 buying an additional 200 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 worth $395,000 after buying an additional 218 shares during the period. Bruce G. Allen Investments LLC increased its position in SLB by 37.0% during the fourth quarter. Bruce G. Allen Investments LLC now owns 841 shares of the oil and gas company’s stock worth $32,000 after buying an additional 227 shares during the period. Rothschild Investment LLC increased its position in SLB by 4.4% during the fourth quarter. Rothschild Investment LLC now owns 5,540 shares of the oil and gas company’s stock worth $213,000 after buying an additional 236 shares during the period. Finally, Foster Victor Wealth Advisors LLC increased its position in SLB by 3.0% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 8,281 shares of the oil and gas company’s stock worth $318,000 after buying an additional 238 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Trading Up 0.0%

NYSE:SLB opened at $56.03 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 0.35. SLB Limited has a 12-month low of $31.64 and a 12-month high of $58.82. The firm has a market cap of $83.76 billion, a P/E ratio of 24.47, a PEG ratio of 2.28 and a beta of 0.70. The stock’s 50 day simple moving average is $54.64 and its 200-day simple moving average is $48.51.

SLB (NYSE:SLB) last posted its quarterly earnings results 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 firm had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.76 billion. During the same period in the previous year, the business earned $0.72 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts anticipate that SLB Limited will post 2.62 EPS for the current year.

SLB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 3rd will be paid a $0.295 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.1%. SLB’s payout ratio is 51.53%.

Insider Buying and Selling

In related news, EVP Steve Matthew Gassen sold 53,379 shares of SLB stock in a transaction that occurred on 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 sale, the executive vice president directly owned 47,421 shares in the company, valued at $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director La Chevardiere Patrick De sold 2,000 shares of SLB stock in a transaction that occurred on 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 sale, the director owned 16,953 shares in the company, valued at approximately $921,056.49. This trade represents a 10.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SLB shares. Sanford C. Bernstein boosted their target price on SLB from $56.10 to $71.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Stifel Nicolaus boosted their target price on SLB from $56.00 to $61.00 and gave the company a “buy” rating in a report on Monday, April 27th. Jefferies Financial Group reissued a “buy” rating and issued a $65.00 target price on shares of SLB in a report on Sunday, April 26th. Evercore reissued an “outperform” rating and issued a $64.00 target price on shares of SLB in a report on Monday, April 27th. Finally, BMO Capital Markets boosted their target price on SLB from $55.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, April 27th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SLB presently has an average rating of “Moderate Buy” and a consensus price target of $60.67.

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.