US Bancorp DE Has $38.06 Million Holdings in SLB Limited $SLB

Key Points

• US Bancorp DE cut its SLB stake by 7.7%, selling 82,986 shares and retaining 991,699 shares valued at $38.06 million.
• SLB reported quarterly earnings of $0.52 EPS (beating by $0.01) with revenue up 2.7% year‑over‑year, and declared a quarterly dividend of $0.295 (annualized $1.18, ~2.1% yield).
• Analysts have raised price targets and mostly rate SLB positively, leaving a consensus "Moderate Buy" with an average target of $58.95, while institutional investors own about 82% of the shares.

US Bancorp DE lessened its position in shares of SLB Limited (NYSE:SLB - Free Report) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 991,699 shares of the oil and gas company's stock after selling 82,986 shares during the quarter. US Bancorp DE owned approximately 0.07% of SLB worth $38,062,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Foster Victor Wealth Advisors LLC boosted its stake in SLB by 3.0% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 8,281 shares of the oil and gas company's stock valued at $318,000 after buying an additional 238 shares in the last quarter. apricus wealth LLC boosted its stake in SLB by 0.3% in the 4th quarter. apricus wealth LLC now owns 84,740 shares of the oil and gas company's stock valued at $3,252,000 after buying an additional 270 shares in the last quarter. Private Trust Co. NA boosted its stake in SLB by 9.2% in the 4th quarter. Private Trust Co. NA now owns 3,277 shares of the oil and gas company's stock valued at $126,000 after buying an additional 277 shares in the last quarter. Howard Capital Management Inc. boosted its stake in SLB by 3.2% in the 3rd quarter. Howard Capital Management Inc. now owns 9,165 shares of the oil and gas company's stock valued at $315,000 after buying an additional 288 shares in the last quarter. Finally, Daymark Wealth Partners LLC boosted its stake in SLB by 3.2% in the 4th quarter. Daymark Wealth Partners LLC now owns 9,380 shares of the oil and gas company's stock valued at $360,000 after buying an additional 290 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

SLB Price Performance

SLB stock opened at $56.93 on Friday. 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 market cap of $85.55 billion, a P/E ratio of 24.86, a P/E/G ratio of 3.87 and a beta of 0.69. The business's fifty day moving average is $50.67 and its two-hundred day moving average is $44.29. SLB Limited has a 52 week low of $31.64 and a 52 week high of $57.05.

SLB (NYSE:SLB - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $8.76 billion. SLB had a return on equity of 15.54% and a net margin of 9.26%.The business's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. Equities research analysts forecast that SLB Limited will post 2.64 earnings per share for the current fiscal year.

SLB Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on SLB from $54.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday. The Goldman Sachs Group boosted their price target on SLB from $53.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, March 4th. Barclays boosted their price target on SLB from $49.00 to $51.00 and gave the company an "overweight" rating in a research note on Monday. Sanford C. Bernstein boosted their price target on SLB from $52.30 to $56.10 and gave the company an "outperform" rating in a research note on Thursday, March 12th. Finally, Susquehanna boosted their price target on SLB from $60.00 to $65.00 and gave the company a "positive" rating in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $58.95.

SLB Company 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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