Privium Fund Management B.V. Purchases 19,108 Shares of SLB Limited $SLB

Key Points

• Privium Fund Management B.V. increased its stake in SLB by 97.0%, adding 19,108 shares to hold 38,805 shares worth $1.489 million at the end of the quarter.
• SLB announced a quarterly dividend of $0.295 (annualized $1.18) payable July 9 with a record date of June 3, implying a yield of about 2.1%.
• EVP Steve Matthew Gassen sold 53,379 shares for roughly $3.0 million, cutting his ownership by about 52.96%; corporate insiders now own just 0.16% of SLB.

Privium Fund Management B.V. increased its position in SLB Limited (NYSE:SLB - Free Report) by 97.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,805 shares of the oil and gas company's stock after acquiring an additional 19,108 shares during the period. Privium Fund Management B.V.'s holdings in SLB were worth $1,489,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of SLB in the third quarter worth $29,000. Strengthening Families & Communities LLC bought a new stake in SLB during the third quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in SLB during the fourth quarter valued at about $31,000. Steph & Co. grew its holdings in SLB by 97.5% during the fourth quarter. Steph & Co. now owns 798 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 394 shares during the period. Finally, Eagle Bay Advisors LLC bought a new stake in SLB during the fourth quarter valued at about $34,000. Institutional investors own 81.99% of the company's stock.

SLB Price Performance

NYSE:SLB opened at $56.01 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $83.74 billion, a P/E ratio of 24.46, a P/E/G ratio of 3.93 and a beta of 0.72. SLB Limited has a 12 month low of $31.64 and a 12 month high of $57.20. The business's 50-day moving average is $50.77 and its 200 day moving average is $44.62.

SLB (NYSE:SLB - Get Free Report) last posted its earnings results on Saturday, April 25th. The oil and gas company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. The company had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.76 billion. SLB had a return on equity of 15.54% and a net margin of 9.26%.The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. On average, equities research analysts forecast that SLB Limited will post 2.6 earnings per share for the current fiscal year.

SLB Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 3rd will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, June 3rd. SLB's payout ratio is currently 51.53%.

Insider Activity at SLB

In related news, EVP Steve Matthew Gassen sold 53,379 shares of the business's stock in a transaction dated 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 sale, the executive vice president directly owned 47,421 shares in the company, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

SLB has been the subject of several recent research reports. Barclays boosted their price target on SLB from $49.00 to $51.00 and gave the company an "overweight" rating in a report on Monday, April 27th. Sanford C. Bernstein boosted their price target on SLB from $52.30 to $56.10 and gave the company an "outperform" rating in a report on Thursday, March 12th. JPMorgan Chase & Co. boosted their price target on SLB from $54.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, April 27th. Susquehanna boosted their price target on SLB from $60.00 to $65.00 and gave the company a "positive" rating in a report on Monday, April 27th. Finally, Loop Capital set a $48.00 price target on SLB in a report on Tuesday, January 27th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, SLB has a consensus rating of "Moderate Buy" and a consensus target price of $58.95.

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.

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