24,243 Shares in SLB Limited $SLB Acquired by Frank Rimerman Advisors LLC

Posted by Defense World Staff on Feb 1st, 2026

Frank Rimerman Advisors LLC acquired a new stake in shares of SLB Limited (NYSE:SLB – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 24,243 shares of the oil and gas company’s stock, valued at approximately $833,000.

Several other hedge funds have also added to or reduced their stakes in SLB. 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 worth $315,000 after purchasing an additional 288 shares in the last quarter. Hedges Asset Management LLC raised its holdings in SLB by 0.9% in the third quarter. Hedges Asset Management LLC now owns 35,000 shares of the oil and gas company’s stock worth $1,203,000 after buying an additional 300 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its stake in shares of SLB by 2.2% in 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 buying an additional 308 shares in the last quarter. LRI Investments LLC lifted its stake in shares of SLB by 21.7% in the third quarter. LRI Investments LLC now owns 1,785 shares of the oil and gas company’s stock worth $61,000 after buying an additional 318 shares in the last quarter. Finally, NewSquare Capital LLC grew its holdings in shares of SLB by 51.4% during the second quarter. NewSquare Capital LLC now owns 1,004 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 341 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

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

SLB Price Performance

Shares of NYSE:SLB opened at $48.38 on Friday. 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 market capitalization of $72.34 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 3.30 and a beta of 0.72. The firm’s 50 day moving average price is $41.48 and its 200-day moving average price is $37.15. SLB Limited has a twelve month low of $31.11 and a twelve month high of $51.67.

SLB (NYSE:SLB – Get Free Report) last announced its earnings results on Friday, January 23rd. The oil and gas company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. SLB had a net margin of 9.45% and a return on equity of 17.45%. The business had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.54 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. Equities 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 issued a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $1.18 dividend on an annualized basis and a yield of 2.4%. This is an increase from SLB’s previous quarterly dividend of $0.29. SLB’s payout ratio is 48.10%.

Analyst Upgrades and Downgrades

SLB has been the subject of a number of recent analyst reports. Rothschild Redb upgraded shares of SLB to a “strong-buy” rating in a report on Monday, November 3rd. The Goldman Sachs Group restated a “buy” rating and issued a $49.00 price target on shares of SLB in a research note on Wednesday, January 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $50.00 price objective on shares of SLB in a research report on Wednesday, January 21st. Freedom Capital downgraded SLB from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of SLB from $43.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.92.

Check Out Our Latest Stock Report on SLB

Insider Activity at SLB

In other news, Director Peter John Coleman sold 5,500 shares of SLB stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $35.82, for a total transaction of $197,010.00. Following the transaction, the director directly owned 18,671 shares of the company’s stock, valued at $668,795.22. The trade was a 22.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction that occurred 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 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 SEC filing for this sale provides additional information. Insiders sold 260,849 shares of company stock valued at $11,668,003 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

SLB Profile

(Free Report)

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.