MUFG Securities EMEA plc Has $2.35 Million Holdings in SLB Limited $SLB

MUFG Securities EMEA plc increased its position in shares of SLB Limited (NYSE:SLB) by 114.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,233 shares of the oil and gas company’s stock after purchasing an additional 32,676 shares during the quarter. MUFG Securities EMEA plc’s holdings in SLB were worth $2,350,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SLB. Brighton Jones LLC lifted its position in SLB by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock worth $253,000 after purchasing an additional 1,166 shares during the period. Bison Wealth LLC bought a new stake in SLB during the fourth quarter worth about $238,000. Marshall Wace LLP bought a new position in shares of SLB in the second quarter worth about $8,628,000. Nebula Research & Development LLC lifted its holdings in shares of SLB by 76.0% in the second quarter. Nebula Research & Development LLC now owns 24,373 shares of the oil and gas company’s stock worth $824,000 after acquiring an additional 10,522 shares during the last quarter. Finally, Diversify Advisory Services LLC lifted its holdings in shares of SLB by 7.6% in the second quarter. Diversify Advisory Services LLC now owns 11,326 shares of the oil and gas company’s stock worth $373,000 after acquiring an additional 799 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Insider Activity at SLB

In other news, Director La Chevardiere Patrick De sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $54.33, for a total transaction 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 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 SLB stock in a transaction on Friday, May 1st. The shares were sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. Company insiders own 0.16% of the company’s stock.

SLB Stock Up 0.4%

SLB stock opened at $54.78 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.34. SLB Limited has a 52-week low of $31.64 and a 52-week high of $58.82. The firm has a 50 day moving average price of $53.66 and a two-hundred day moving average price of $47.32. The firm has a market cap of $81.91 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 2.21 and a beta of 0.72.

SLB (NYSE:SLB) last announced 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 company had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $8.76 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. Equities analysts predict that SLB Limited will post 2.62 EPS for the current year.

SLB Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.2%. SLB’s dividend payout ratio (DPR) is 51.53%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley set a $57.00 target price on shares of SLB in a report on Monday, April 27th. Wall Street Zen cut shares of SLB from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. UBS Group increased their target price on shares of SLB from $61.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Stifel Nicolaus increased their target price on shares of SLB from $56.00 to $61.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $65.00 target price on shares of SLB in a report on Sunday, April 26th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.74.

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.