Bessemer Group Inc. Sells 1,759,686 Shares of SLB Limited $SLB

Bessemer Group Inc. cut its position in shares of SLB Limited (NYSE:SLB) by 27.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,758,395 shares of the oil and gas company’s stock after selling 1,759,686 shares during the period. Bessemer Group Inc. owned approximately 0.32% of SLB worth $163,547,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SLB. Synergy Asset Management LLC increased its stake in SLB by 100.0% in the third quarter. Synergy Asset Management LLC now owns 80,830 shares of the oil and gas company’s stock worth $2,732,000 after purchasing an additional 40,415 shares during the period. Americana Partners LLC grew its holdings in shares of SLB by 10.1% in the third quarter. Americana Partners LLC now owns 248,057 shares of the oil and gas company’s stock worth $8,526,000 after purchasing an additional 22,706 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in SLB by 13.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 210,056 shares of the oil and gas company’s stock worth $7,220,000 after buying an additional 25,417 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in SLB by 1,937.4% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 996,948 shares of the oil and gas company’s stock valued at $34,265,000 after buying an additional 948,015 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in SLB by 4.9% in the 3rd quarter. Nordea Investment Management AB now owns 2,157,885 shares of the oil and gas company’s stock valued at $72,354,000 after buying an additional 100,918 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SLB

In other news, Director La Chevardiere Patrick De sold 4,000 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $50.29, for a total transaction of $201,160.00. Following the completion of the sale, the director owned 19,525 shares in the company, valued at approximately $981,912.25. This represents a 17.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stephane Biguet sold 61,017 shares of the firm’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $3,032,544.90. Following the completion of the sale, the chief financial officer directly owned 155,548 shares of the company’s stock, valued at $7,730,735.60. The trade was a 28.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 260,849 shares of company stock valued at $11,668,003 over the last three months. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of SLB from $43.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Citigroup raised their price objective on SLB from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Argus upgraded SLB to a “strong-buy” rating in a report on Monday, January 26th. Sanford C. Bernstein increased their price target on SLB from $47.60 to $52.30 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. Finally, Redburn Partners set a $48.00 price objective on SLB in a report on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.17.

SLB Trading Up 3.2%

SLB opened at $51.33 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36. The firm has a market cap of $76.76 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 3.38 and a beta of 0.73. SLB Limited has a 12 month low of $31.11 and a 12 month high of $51.67. The stock has a fifty day moving average price of $42.31 and a 200-day moving average price of $37.48.

SLB (NYSE:SLB) last issued its quarterly earnings data on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The company had revenue of $9.75 billion for 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 firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 earnings per share. As a group, equities research analysts anticipate that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Increases Dividend

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

Trending Headlines about SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Won a major $1.5 billion, five‑year integrated development contract for Kuwait’s Mutriba field — SLB will provide design, development and production management for a technically demanding, high‑pressure/high‑temperature reservoir. The deal adds meaningful multi‑year backlog, strengthens SLB’s Middle East foothold and improves revenue visibility. SLB Awarded Integrated Development Contract for Mutriba Field in Kuwait
• Positive Sentiment: Jefferies raised its price target on SLB to $58 (from $51) and kept a Buy rating, citing attractive valuation and upside from market catch‑up — this institutional upgrade supports further analyst‑led buying. Jefferies Raises SLB (SLB) PT to $58 on Attractive Valuation, Market Upside
• Positive Sentiment: Additional analyst/upside notes surfaced today (price‑target lift reported to ~$54.97 in some outlets), reinforcing the view that consensus estimates and multiple expansion could support the stock. SLB NV (SLB) price target increased by 14.44% to 54.97
• Positive Sentiment: Retail sentiment boost: Jim Cramer flagged a “very positive outlook” after SLB’s recent report, which can drive short‑term retail inflows and attention. Jim Cramer on SLB: “Very Positive Outlook When They Reported Recently”
• Neutral Sentiment: Options market activity picked up recently (increased interest and positioning), which can amplify intraday moves but doesn’t change fundamentals — watch for elevated implied volatility and skew that may affect short‑term price action. Unpacking the Latest Options Trading Trends in SLB

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.