Goodman Financial Corp Purchases 13,452 Shares of SLB Limited $SLB

Goodman Financial Corp lifted its position in SLB Limited (NYSE:SLB) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 360,378 shares of the oil and gas company’s stock after purchasing an additional 13,452 shares during the quarter. SLB accounts for 2.6% of Goodman Financial Corp’s portfolio, making the stock its 18th largest position. Goodman Financial Corp’s holdings in SLB were worth $13,831,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in SLB by 21.4% in the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after buying an additional 1,166 shares during the period. Bison Wealth LLC bought a new position in shares of SLB during the 4th quarter worth about $238,000. Wealthspire Advisors LLC bought a new position in shares of SLB during the 2nd quarter worth about $278,000. Ensign Peak Advisors Inc boosted its position in shares of SLB by 34.2% during the 2nd quarter. Ensign Peak Advisors Inc now owns 185,666 shares of the oil and gas company’s stock valued at $6,276,000 after acquiring an additional 47,316 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its stake in SLB by 9.2% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 7,042 shares of the oil and gas company’s stock valued at $238,000 after acquiring an additional 594 shares during the period. 81.99% of the stock is owned by institutional investors.

SLB Stock Down 2.5%

Shares of SLB opened at $46.61 on Monday. The company has a market capitalization of $70.03 billion, a P/E ratio of 19.67, a PEG ratio of 3.32 and a beta of 0.68. SLB Limited has a one year low of $31.11 and a one year high of $52.45. The business’s 50 day simple moving average is $48.74 and its 200-day simple moving average is $40.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.98.

SLB (NYSE:SLB) last released its quarterly earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. SLB had a return on equity of 17.45% and a net margin of 9.45%.The firm had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.54 billion. During the same period last year, the firm posted $0.92 EPS. The business’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts predict that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from SLB’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 11th. SLB’s dividend payout ratio is 49.79%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. TD Cowen increased their price target on shares of SLB from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Freedom Capital lowered SLB from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Evercore set a $54.00 target price on SLB and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Jefferies Financial Group raised their target price on SLB from $51.00 to $58.00 and gave the stock a “buy” rating in a research report on Sunday, February 1st. Finally, Stifel Nicolaus set a $56.00 price target on SLB in a research report on Monday, January 26th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.16.

Insider Buying and Selling

In related news, Director La Chevardiere Patrick De sold 4,000 shares of SLB stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $50.29, for a total value of $201,160.00. Following the completion of the transaction, the director directly owned 19,525 shares of the company’s stock, valued at $981,912.25. The trade was a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stephane Biguet sold 61,017 shares of the company’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $49.70, for a total transaction of $3,032,544.90. Following the transaction, the chief financial officer owned 155,548 shares in the company, valued at approximately $7,730,735.60. This trade represents a 28.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 156,902 shares of company stock valued at $7,796,666 in the last 90 days. 0.16% of the stock is owned by corporate insiders.

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.