SLB Limited $SLB Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC decreased its holdings in SLB Limited (NYSE:SLB) by 80.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,407 shares of the oil and gas company’s stock after selling 129,657 shares during the quarter. Janney Capital Management LLC’s holdings in SLB were worth $1,079,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of SLB in the second quarter valued at approximately $25,000. Atticus Wealth Management LLC acquired a new stake in SLB in the 2nd quarter valued at $29,000. Corsicana & Co. acquired a new stake in SLB in the 3rd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in SLB by 55.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 350 shares in the last quarter. Finally, NewSquare Capital LLC raised its position in SLB by 51.4% during the second quarter. NewSquare Capital LLC now owns 1,004 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 341 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Buying and Selling

In other SLB news, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $37.69, for a total transaction of $2,261,400.00. Following the transaction, the executive vice president owned 159,371 shares of the company’s stock, valued at approximately $6,006,692.99. The trade was a 27.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stephane Biguet sold 38,447 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $36.75, for a total value of $1,412,927.25. Following the completion of the sale, the chief financial officer owned 175,690 shares of the company’s stock, valued at approximately $6,456,607.50. The trade was a 17.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 103,947 shares of company stock worth $3,871,337. 0.22% of the stock is owned by corporate insiders.

SLB Stock Performance

SLB opened at $45.86 on Wednesday. SLB Limited has a twelve month low of $31.11 and a twelve month high of $46.39. The firm has a market capitalization of $68.51 billion, a PE ratio of 17.71 and a beta of 0.72. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The firm’s 50-day moving average price is $38.41 and its 200 day moving average price is $36.03.

SLB (NYSE:SLB) last released its earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The business had revenue of $8.93 billion for the quarter, compared to analyst estimates of $8.99 billion. SLB had a net margin of 10.34% and a return on equity of 18.97%. The business’s revenue was down 2.5% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. As a group, sell-side analysts expect that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 3rd were given a dividend of $0.285 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 2.5%. SLB’s dividend payout ratio (DPR) is presently 44.02%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Rothschild Redb upgraded shares of SLB to a “strong-buy” rating in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SLB in a research note on Wednesday, October 8th. Rothschild & Co Redburn initiated coverage on SLB in a report on Monday, November 3rd. They issued a “buy” rating and a $48.00 price objective on the stock. Cowen reiterated a “buy” rating and set a $57.00 price objective on shares of SLB in a research note on Thursday, December 11th. Finally, JPMorgan Chase & Co. reduced their target price on SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.42.

About SLB

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.