Arizona State Retirement System Acquires 40,871 Shares of SLB Limited $SLB

Arizona State Retirement System boosted its holdings in shares of SLB Limited (NYSE:SLB) by 10.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 438,416 shares of the oil and gas company’s stock after purchasing an additional 40,871 shares during the quarter. Arizona State Retirement System’s holdings in SLB were worth $15,068,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in SLB by 14.2% in the 2nd quarter. Vanguard Group Inc. now owns 150,317,566 shares of the oil and gas company’s stock valued at $5,080,734,000 after buying an additional 18,672,021 shares during the period. Franklin Resources Inc. lifted its holdings in shares of SLB by 30.4% during the 2nd quarter. Franklin Resources Inc. now owns 20,233,749 shares of the oil and gas company’s stock worth $683,901,000 after acquiring an additional 4,719,852 shares during the period. Norges Bank acquired a new stake in shares of SLB during the 2nd quarter valued at about $618,697,000. Amundi increased its stake in SLB by 29.9% in the second quarter. Amundi now owns 11,415,740 shares of the oil and gas company’s stock valued at $409,939,000 after acquiring an additional 2,624,679 shares during the period. Finally, Legal & General Group Plc raised its position in SLB by 1.2% in the second quarter. Legal & General Group Plc now owns 9,681,754 shares of the oil and gas company’s stock worth $327,243,000 after purchasing an additional 114,190 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

SLB Price Performance

Shares of SLB stock opened at $48.38 on Friday. The firm has a market cap of $72.34 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 3.30 and a beta of 0.72. SLB Limited has a 12 month low of $31.11 and a 12 month high of $51.67. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average price of $41.48 and a 200 day moving average price of $37.14.

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

SLB Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, February 11th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, February 11th. This is a boost from SLB’s previous quarterly dividend of $0.29. SLB’s dividend payout ratio (DPR) is currently 48.10%.

Key Stories Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB won two contracts from Petroleum Development Oman for operations in Block‑6 — a revenue and backlog positive, reinforcing international E&P service demand. SLB wins two contracts from PDO for Oman’s Block-6
• Positive Sentiment: Argus upgraded SLB, which can support near‑term buying interest and lift price targets or sentiment among momentum traders. SLB (NYSE:SLB) Upgraded at Argus
• Positive Sentiment: Analyst coverage remains broadly constructive: one roundup shows a consensus around a “Moderate Buy” and discussion of Wall Street expectations — that analyst sentiment and price targets can provide support. SLB Limited (NYSE:SLB) Given Consensus Recommendation of “Moderate Buy” by Analysts Are Wall Street Analysts Predicting SLB N.V. Stock Will Climb or Sink?
• Neutral Sentiment: SLB is a “trending” stock on Zacks (high investor interest), which can boost volume and volatility but doesn’t by itself change fundamentals. SLB Limited (SLB) Is a Trending Stock
• Negative Sentiment: Insider selling reported: a transaction totaling $921,541.50 was disclosed — investors often view sizable insider sales as a near‑term negative signal. Insider Selling: SLB (NYSE:SLB) Insider Sells $921,541.50 in Stock
• Negative Sentiment: Additional insider sale: SLB’s CAO sold $659,419.60 of stock, which may add selling pressure or raise governance questions for some investors. Insider Selling: SLB (NYSE:SLB) CAO Sells $659,419.60 in Stock
• Negative Sentiment: Stephane Biguet disclosed a sale of 61,017 shares — another insider disposition that investors may interpret as a negative near‑term signal even if for personal/liquidity reasons. Stephane Biguet Sells 61,017 Shares of SLB (NYSE:SLB) Stock
• Negative Sentiment: Freedom Capital cut SLB to “Strong Sell” — a boutique downgrade that can pressure sentiment among retail and technical traders even if larger sell‑side shops remain neutral/positive. SLB (NYSE:SLB) Cut to Strong Sell at Freedom Capital

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SLB. The Goldman Sachs Group reiterated a “buy” rating and issued a $49.00 price objective on shares of SLB in a research note on Wednesday, January 14th. Rothschild Redb raised SLB to a “strong-buy” rating in a research note on Monday, November 3rd. Royal Bank Of Canada increased their price objective on SLB from $51.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. TD Cowen boosted their target price on shares of SLB from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Finally, Bank of America upped their target price on shares of SLB from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.92.

Insider Activity

In related news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $49.70, for a total value of $2,982,000.00. Following the completion of the transaction, the executive vice president owned 140,602 shares of the company’s stock, valued at approximately $6,987,919.40. This trade represents a 29.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dianne B. Ralston sold 18,617 shares of SLB stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $49.50, for a total value of $921,541.50. Following the completion of the sale, the insider directly owned 224,097 shares in the company, valued at approximately $11,092,801.50. This represents a 7.67% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 260,849 shares of company stock worth $11,668,003. 0.22% of the stock is currently owned by insiders.

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.