Vise Technologies Inc. Raises Holdings in SLB Limited $SLB

Vise Technologies Inc. lifted its holdings in shares of SLB Limited (NYSE:SLB) by 89.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 36,301 shares of the oil and gas company’s stock after acquiring an additional 17,181 shares during the period. Vise Technologies Inc.’s holdings in SLB were worth $1,393,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Steph & Co. grew its stake in shares of SLB by 97.5% during the fourth quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 394 shares during the last quarter. Strategic Wealth Advisors LLC purchased a new stake in SLB in the fourth quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SLB in the fourth quarter valued at approximately $31,000. Lloyd Advisory Services LLC. purchased a new stake in SLB in the fourth quarter valued at approximately $31,000. Finally, Bruce G. Allen Investments LLC boosted its position in SLB by 37.0% in the fourth quarter. Bruce G. Allen Investments LLC now owns 841 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

SLB Trading Up 3.0%

Shares of SLB stock opened at $56.52 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.98. The company has a market cap of $84.50 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 2.22 and a beta of 0.70. The stock has a 50 day simple moving average of $54.30 and a 200-day simple moving average of $48.03. SLB Limited has a 1-year low of $31.64 and a 1-year high of $58.82.

SLB (NYSE:SLB) last announced its earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. The business 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%.The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS. On average, equities research analysts expect that SLB Limited will post 2.62 EPS for the current fiscal year.

SLB Dividend Announcement

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

Analysts Set New Price Targets

SLB has been the topic of a number of recent research reports. Morgan Stanley set a $57.00 target price on SLB in a research report on Monday, April 27th. JPMorgan Chase & Co. upped their target price on SLB from $54.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. UBS Group upped 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. Weiss Ratings lowered SLB from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, Citigroup upped 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. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.67.

Insider Activity at SLB

In other news, Director La Chevardiere Patrick De sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $54.33, for a total transaction of $108,660.00. Following the completion of the transaction, the director directly owned 16,953 shares of the company’s stock, valued at $921,056.49. This represents a 10.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Steve Matthew Gassen sold 53,379 shares of the company’s 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 transaction, the executive vice president directly owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.16% of the company’s stock.

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.