Kerusso Capital Management LLC Buys 56,036 Shares of SLB Limited $SLB

Key Points

• Kerusso Capital Management increased its stake in SLB by 74.2%, buying 56,036 shares to hold 131,546 shares worth $5,049,000, making SLB ~2.3% of its portfolio and its 8th-largest holding.
• SLB beat Q4 estimates with $0.78 EPS vs. $0.74 expected and $9.75B revenue (up 5% YoY); analysts' consensus is a Moderate Buy with an average target of $54.27.
• About 81.99% of SLB is owned by institutional investors, while insiders have sold 156,902 shares (~$7.8M) over the past 90 days, leaving insiders with roughly 0.16% ownership.

Kerusso Capital Management LLC increased its position in shares of SLB Limited (NYSE:SLB - Free Report) by 74.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,546 shares of the oil and gas company's stock after purchasing an additional 56,036 shares during the period. SLB accounts for about 2.3% of Kerusso Capital Management LLC's investment portfolio, making the stock its 8th largest holding. Kerusso Capital Management LLC's holdings in SLB were worth $5,049,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC lifted its position in shares of SLB by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 80,830 shares of the oil and gas company's stock valued at $2,732,000 after acquiring an additional 40,415 shares during the last quarter. Americana Partners LLC grew its holdings in shares of SLB by 10.1% in the 3rd quarter. Americana Partners LLC now owns 248,057 shares of the oil and gas company's stock worth $8,526,000 after acquiring an additional 22,706 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of SLB by 13.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 210,056 shares of the oil and gas company's stock worth $7,220,000 after acquiring an additional 25,417 shares during the last quarter. Nordea Investment Management AB raised its position in shares of SLB by 4.9% during the third quarter. Nordea Investment Management AB now owns 2,157,885 shares of the oil and gas company's stock worth $72,354,000 after purchasing an additional 100,918 shares during the period. Finally, Bank Pictet & Cie Europe AG raised its position in shares of SLB by 1,937.4% during the third quarter. Bank Pictet & Cie Europe AG now owns 996,948 shares of the oil and gas company's stock worth $34,265,000 after purchasing an additional 948,015 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

SLB Stock Performance

Shares of SLB stock opened at $54.81 on Friday. The company has a market capitalization of $82.35 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 3.73 and a beta of 0.69. SLB Limited has a 1-year low of $31.64 and a 1-year high of $55.53. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36. The stock's fifty day simple moving average is $50.15 and its 200-day simple moving average is $43.51.

SLB (NYSE:SLB - Get Free Report) last announced its quarterly earnings data on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $9.54 billion. During the same period in the prior year, the business earned $0.92 EPS. The business's revenue for the quarter was up 5.0% on a year-over-year basis. On average, sell-side analysts predict that SLB Limited will post 2.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Howard Guild sold 13,268 shares of the business's stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $49.70, for a total transaction of $659,419.60. Following the transaction, the chief accounting officer directly owned 22,407 shares of the company's stock, valued at approximately $1,113,627.90. The trade was a 37.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director La Chevardiere Patrick De sold 4,000 shares of the company's stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $50.29, for a total transaction of $201,160.00. Following the completion of the transaction, the director owned 19,525 shares in the company, valued at approximately $981,912.25. This represents a 17.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 156,902 shares of company stock worth $7,796,666 over the last ninety days. 0.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SLB shares. UBS Group reiterated a "buy" rating on shares of SLB in a research report on Tuesday, January 27th. Jefferies Financial Group boosted their price objective on SLB from $51.00 to $58.00 and gave the stock a "buy" rating in a report on Sunday, February 1st. Bank of America upped their price objective on shares of SLB from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, January 26th. Loop Capital set a $48.00 target price on shares of SLB in a report on Tuesday, January 27th. Finally, Weiss Ratings raised shares of SLB from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $54.27.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.