WINTON GROUP Ltd Increases Stake in SLB Limited $SLB

WINTON GROUP Ltd raised its stake in shares of SLB Limited (NYSE:SLB) by 958.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 314,500 shares of the oil and gas company’s stock after acquiring an additional 284,800 shares during the period. WINTON GROUP Ltd’s holdings in SLB were worth $12,071,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Private Wealth Asset Management LLC boosted its position in shares of SLB by 4.1% during the 4th quarter. Private Wealth Asset Management LLC now owns 5,041 shares of the oil and gas company’s stock valued at $193,000 after acquiring an additional 200 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of SLB by 2.2% during the 4th 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. Bruce G. Allen Investments LLC boosted its position in shares of SLB by 37.0% during the 4th quarter. Bruce G. Allen Investments LLC now owns 841 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 227 shares during the last quarter. Rothschild Investment LLC boosted its position in shares of SLB by 4.4% during the 4th quarter. Rothschild Investment LLC now owns 5,540 shares of the oil and gas company’s stock valued at $213,000 after acquiring an additional 236 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its position in shares of SLB by 3.0% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 8,281 shares of the oil and gas company’s stock valued at $318,000 after acquiring an additional 238 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

SLB Stock Down 5.6%

Shares of SLB opened at $54.79 on Friday. The company has a market cap of $81.91 billion, a PE ratio of 23.92, a P/E/G ratio of 2.35 and a beta of 0.70. The business has a fifty day moving average of $54.22 and a 200 day moving average of $47.80. SLB Limited has a 52-week low of $31.64 and a 52-week high of $58.82. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 0.35.

SLB (NYSE:SLB) last issued its quarterly earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $8.76 billion. SLB had a return on equity of 15.54% and a net margin of 9.26%.SLB’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. On average, sell-side analysts expect that SLB Limited will post 2.62 EPS for the current year.

SLB Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders 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 yield of 2.2%. SLB’s dividend payout ratio (DPR) is presently 51.53%.

Insiders Place Their Bets

In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of the stock in a transaction 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 owned 47,421 shares in the company, valued at $2,664,111.78. This trade represents a 52.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director La Chevardiere Patrick De sold 2,000 shares of the stock in a transaction on Thursday, May 7th. The stock was 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. The trade was a 10.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SLB shares. BMO Capital Markets increased their target price on SLB from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. Weiss Ratings downgraded SLB from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. UBS Group increased their target price on SLB from $61.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Citigroup increased their target price on SLB from $59.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Barclays increased their target price on SLB from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SLB has a consensus rating of “Moderate Buy” and a consensus target price of $60.67.

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.