SLB (NYSE:SLB) Insider Dianne Ralston Sells 18,617 Shares of Stock

SLB Limited (NYSE:SLB) insider Dianne Ralston sold 18,617 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $49.50, for a total transaction of $921,541.50. Following the sale, the insider directly owned 224,097 shares of the company’s stock, valued at approximately $11,092,801.50. The trade was a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

SLB Price Performance

SLB stock opened at $50.70 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.33. The business has a 50-day simple moving average of $40.71 and a two-hundred day simple moving average of $36.89. The company has a market capitalization of $75.81 billion, a P/E ratio of 21.39 and a beta of 0.72. SLB Limited has a 52-week low of $31.11 and a 52-week high of $51.67.

SLB (NYSE:SLB) last issued its quarterly earnings data on Friday, January 23rd. The oil and gas company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. The firm had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.54 billion. SLB had a return on equity of 17.45% and a net margin of 9.45%.The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. Research analysts expect that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, February 11th. This is a positive change from SLB’s previous quarterly dividend of $0.29. SLB’s dividend payout ratio (DPR) is currently 48.10%.

Analyst Ratings Changes

SLB has been the topic of several analyst reports. Citigroup boosted their price target on shares of SLB from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Monday. Rothschild & Co Redburn initiated coverage on SLB in a research note on Monday, November 3rd. They issued a “buy” rating and a $48.00 target price on the stock. BMO Capital Markets upped their target price on SLB from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Monday. Evercore ISI set a $54.00 price target on SLB and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $49.00 price objective on shares of SLB in a research note on Wednesday, January 14th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, SLB currently has a consensus rating of “Buy” and a consensus target price of $51.92.

Hedge Funds Weigh In On SLB

Several institutional investors have recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new position in SLB during the second quarter worth about $25,000. Root Financial Partners LLC bought a new stake in SLB during the 3rd quarter valued at $29,000. Corsicana & Co. purchased a new stake in shares of SLB during the third quarter worth $31,000. Strengthening Families & Communities LLC bought a new position in shares of SLB in the third quarter worth $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SLB in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

SLB News Summary

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Multiple brokerages raised ratings/targets and issued bullish notes (BofA raised to $55, BMO to $55, Susquehanna to $58, RBC to $54, JPMorgan to $54; Argus upgraded to “strong-buy”), supporting upside expectations and buy-side demand. Analyst Upgrades Summary
• Neutral Sentiment: Analysts and commentators are re-examining SLB’s role in evolving energy markets and international revenue trends — pieces that provide context on valuation and growth drivers but are not immediate catalysts. Is SLB Pricing Reflect Its Role In Evolving Energy Markets? Interpreting SLB International Revenue Trends
• Negative Sentiment: SLB’s joint venture with Aker Carbon Capture reported a loss on a carbon-capture project, raising near-term execution/asset-quality questions for the CC business. That news could temper enthusiasm for SLB’s energy-transition growth narrative. SLB and Aker CC venture hit by loss on carbon capture project
• Negative Sentiment: Several senior insiders sold material stakes on Jan. 26 (CFO Stéphane Biguet, EVP Abdellah Merad, CAO Howard Guild, director La Chevardière Patrick De, and insider Dianne Ralston). Large insider disposals can be perceived negatively by the market even if they’re routine or for diversification. SEC filings: CFO Read More.; CAO Read More.; EVP Read More.; director Read More.; insider Ralston Read More.

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.