Gallacher Capital Management LLC Purchases New Holdings in SLB Limited $SLB

Gallacher Capital Management LLC acquired a new position in SLB Limited (NYSE:SLB) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,223 shares of the oil and gas company’s stock, valued at approximately $764,000.

Several other large investors have also recently made changes to their positions in SLB. Synergy Asset Management LLC increased its holdings in shares of SLB by 100.0% in the 3rd 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 in the last quarter. Americana Partners LLC lifted its stake in shares of SLB by 10.1% in the 3rd 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 period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in SLB by 13.8% in the third 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 in the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of 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 purchasing an additional 948,015 shares during the period. Finally, Nordea Investment Management AB increased its stake 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 worth $72,354,000 after buying an additional 100,918 shares in the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Key SLB News

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Morgan Stanley restated an “overweight” rating and set a $50.00 target price on shares of SLB in a research report on Wednesday, January 21st. Argus upgraded SLB to a “strong-buy” rating in a research report on Monday, January 26th. Stifel Nicolaus set a $56.00 price target on shares of SLB in a research report on Monday, January 26th. Redburn Partners set a $48.00 target price on shares of SLB in a report on Monday, November 3rd. Finally, Loop Capital set a $48.00 price target on SLB in a research report on Tuesday, January 27th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.17.

SLB Price Performance

SLB stock opened at $51.33 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.98. The stock has a market cap of $76.76 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 3.38 and a beta of 0.73. The firm has a 50-day moving average of $42.31 and a two-hundred day moving average of $37.48. SLB Limited has a 1 year low of $31.11 and a 1 year high of $51.67.

SLB (NYSE:SLB) last released 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. SLB had a return on equity of 17.45% and a net margin of 9.45%.The company had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.54 billion. During the same period last year, the business posted $0.92 EPS. SLB’s quarterly revenue was up 5.0% on a year-over-year basis. On average, research analysts forecast that SLB Limited will post 3.38 earnings per share for the current year.

SLB Increases Dividend

The company 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 is a positive change from SLB’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 11th. This represents a $1.18 dividend on an annualized basis and a yield of 2.3%. SLB’s dividend payout ratio (DPR) is 48.10%.

Insider Activity at SLB

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

About SLB

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.