Generali Asset Management SPA SGR Purchases 19,834 Shares of SLB Limited $SLB

Generali Asset Management SPA SGR raised its holdings in shares of SLB Limited (NYSE:SLB) by 11.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 199,457 shares of the oil and gas company’s stock after purchasing an additional 19,834 shares during the quarter. Generali Asset Management SPA SGR’s holdings in SLB were worth $7,655,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SLB. Root Financial Partners LLC bought a new stake in shares of SLB during the 3rd quarter worth approximately $29,000. Strengthening Families & Communities LLC purchased a new position in SLB during the 3rd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in SLB in the 4th quarter valued at $31,000. Steph & Co. increased its stake in SLB by 97.5% in the fourth quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 394 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new stake in SLB in the fourth quarter worth $34,000. Institutional investors own 81.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on SLB shares. Barclays boosted their target price on shares of SLB from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Stifel Nicolaus raised their price target on shares of SLB from $56.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Bank of America lifted their price objective on shares of SLB from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, January 26th. Evercore restated an “outperform” rating and issued a $64.00 target price on shares of SLB in a research note on Monday, April 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $65.00 target price on shares of SLB in a research report on Sunday, April 26th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.95.

SLB Stock Performance

SLB stock opened at $53.21 on Friday. SLB Limited has a one year low of $31.64 and a one year high of $57.20. The firm has a market cap of $79.55 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 3.73 and a beta of 0.72. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.34. The firm has a 50-day simple moving average of $50.88 and a two-hundred day simple moving average of $44.92.

SLB (NYSE:SLB) last posted its quarterly earnings data on Saturday, April 25th. The oil and gas company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The firm had revenue of $8.72 billion during the quarter, compared to analyst estimates of $8.76 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. SLB’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 EPS. On average, equities analysts forecast that SLB Limited will post 2.61 EPS for the current fiscal year.

SLB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.2%. SLB’s dividend payout ratio is presently 51.53%.

Insider Buying and Selling at SLB

In other news, Director La Chevardiere Patrick De sold 2,000 shares of the firm’s 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 of the company’s stock, valued at $921,056.49. This trade represents a 10.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steve Matthew Gassen sold 53,379 shares of the business’s 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 transaction, the executive vice president owned 47,421 shares in the company, valued at approximately $2,664,111.78. This trade represents 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.

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.