SLB Limited $SLB Shares Sold by Cwm LLC

Key Points

• Cwm LLC has reduced its stake in SLB Limited by 45.3%, now holding 26,549 shares valued at approximately $897,000.
• Insider Dianne B. Ralston sold 39,727 shares of SLB stock for over $1.4 million, reducing their ownership by 16.42%.
• SLB has declared a quarterly dividend of $0.285 per share, resulting in an annualized yield of 3.3%, with the ex-dividend date set for December 3rd.

Cwm LLC reduced its position in shares of SLB Limited (NYSE:SLB - Free Report) by 45.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,549 shares of the oil and gas company's stock after selling 21,986 shares during the period. Cwm LLC's holdings in SLB were worth $897,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Command Advisory Services Inc. raised its position in shares of SLB by 300.0% during the 1st quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company's stock valued at $27,000 after acquiring an additional 477 shares in the last quarter. Atticus Wealth Management LLC bought a new position in SLB during the 2nd quarter worth $29,000. Atlas Capital Advisors Inc. bought a new position in SLB during the 1st quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in SLB by 55.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company's stock worth $33,000 after buying an additional 350 shares during the last quarter. Finally, Alpine Bank Wealth Management bought a new position in SLB during the 1st quarter worth $34,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at SLB

In other news, insider Dianne B. Ralston sold 39,727 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the completion of the sale, the insider directly owned 202,201 shares of the company's stock, valued at $7,295,412.08. This trade represents a 16.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is owned by company insiders.

SLB Stock Up 4.0%

Shares of SLB stock opened at $34.88 on Thursday. The stock has a 50-day moving average price of $34.55 and a 200 day moving average price of $34.49. The company has a market cap of $52.09 billion, a P/E ratio of 13.47, a P/E/G ratio of 9.34 and a beta of 0.97. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. SLB Limited has a 1 year low of $31.11 and a 1 year high of $44.97.

SLB (NYSE:SLB - Get Free Report) last announced its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.02. The firm had revenue of $8.93 billion during the quarter, compared to the consensus estimate of $8.99 billion. SLB had a return on equity of 18.97% and a net margin of 10.34%.The business's revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 EPS. As a group, analysts expect that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.3%. SLB's dividend payout ratio (DPR) is 44.02%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SLB. Piper Sandler set a $42.00 price objective on SLB and gave the stock an "overweight" rating in a research note on Monday. Zacks Research upgraded SLB from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th. Susquehanna lowered their price objective on SLB from $44.00 to $42.00 and set a "positive" rating for the company in a research note on Monday, July 21st. Stifel Nicolaus lowered their price objective on SLB from $54.00 to $52.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Finally, Atb Cap Markets upgraded SLB from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, SLB presently has an average rating of "Moderate Buy" and an average price target of $51.69.

SLB Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.

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