Raiffeisen Bank International AG Has $1.85 Million Stock Position in SLB Limited $SLB

by · The Cerbat Gem

Raiffeisen Bank International AG lowered its position in shares of SLB Limited (NYSE:SLB – Free Report) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,138 shares of the oil and gas company’s stock after selling 1,857 shares during the quarter. Raiffeisen Bank International AG’s holdings in SLB were worth $1,845,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Legacy Wealth Asset Management LLC boosted its holdings in shares of SLB by 2.2% during the second quarter. Legacy Wealth Asset Management LLC now owns 14,382 shares of the oil and gas company’s stock worth $486,000 after purchasing an additional 308 shares during the period. EntryPoint Capital LLC increased its stake in SLB by 4.5% in the 1st quarter. EntryPoint Capital LLC now owns 7,348 shares of the oil and gas company’s stock valued at $307,000 after buying an additional 316 shares during the period. Horizon Investments LLC lifted its position in SLB by 1.5% in the 1st quarter. Horizon Investments LLC now owns 22,633 shares of the oil and gas company’s stock worth $946,000 after buying an additional 330 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in shares of SLB by 6.3% during the 1st quarter. CreativeOne Wealth LLC now owns 5,655 shares of the oil and gas company’s stock valued at $236,000 after buying an additional 335 shares during the period. Finally, NewSquare Capital LLC grew its holdings in shares of SLB by 51.4% during the 2nd quarter. NewSquare Capital LLC now owns 1,004 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Activity

In other SLB news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $37.69, for a total value of $2,261,400.00. Following the completion of the sale, the executive vice president directly owned 159,371 shares of the company’s stock, valued at $6,006,692.99. This represents a 27.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephane Biguet sold 38,447 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $36.75, for a total value of $1,412,927.25. Following the sale, the chief financial officer owned 175,690 shares in the company, valued at approximately $6,456,607.50. This represents a 17.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 138,174 shares of company stock valued at $5,107,677. 0.22% of the stock is owned by company insiders.

SLB Trading Down 3.0%

NYSE:SLB opened at $35.83 on Tuesday. The company’s 50 day moving average is $35.03 and its 200-day moving average is $34.79. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.40. SLB Limited has a 12 month low of $31.11 and a 12 month high of $44.97. The firm has a market cap of $53.53 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 10.19 and a beta of 0.97.

SLB (NYSE:SLB – Get Free Report) last posted its earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The business had revenue of $8.93 billion for the quarter, compared to analyst estimates of $8.99 billion. SLB had a net margin of 10.34% and a return on equity of 18.97%. SLB’s revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.89 EPS. Equities analysts anticipate that SLB Limited will post 3.38 EPS for the current year.

SLB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $0.285 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.2%. SLB’s payout ratio is 44.02%.

Analyst Ratings Changes

Several analysts recently issued reports on SLB shares. Citigroup increased their price objective on SLB from $46.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Barclays raised their price target on SLB from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. UBS Group reissued a “buy” rating and issued a $44.00 price target on shares of SLB in a research note on Tuesday, October 21st. Rothschild & Co Redburn started coverage on shares of SLB in a research note on Monday, November 3rd. They issued a “buy” rating and a $48.00 target price for the company. Finally, Rothschild Redb upgraded shares of SLB to a “strong-buy” rating in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.28.

Check Out Our Latest Stock Report on SLB

SLB Company Profile

(Free Report)

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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