TD Waterhouse Canada Inc. Decreases Stake in SLB Limited $SLB

TD Waterhouse Canada Inc. lessened its holdings in SLB Limited (NYSE:SLB) by 30.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,659 shares of the oil and gas company’s stock after selling 17,287 shares during the period. TD Waterhouse Canada Inc.’s holdings in SLB were worth $1,356,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in SLB by 14.2% during the second quarter. Vanguard Group Inc. now owns 150,317,566 shares of the oil and gas company’s stock worth $5,080,734,000 after buying an additional 18,672,021 shares during the last quarter. Franklin Resources Inc. increased its stake 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 purchasing an additional 4,719,852 shares during the last quarter. Norges Bank bought a new stake in shares of SLB in the 2nd quarter worth approximately $618,697,000. Amundi lifted 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 purchasing an additional 2,624,679 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in SLB by 1.2% during the second quarter. Legal & General Group Plc now owns 9,681,754 shares of the oil and gas company’s stock valued at $327,243,000 after purchasing an additional 114,190 shares during the period. 81.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In other SLB news, CAO Howard Guild sold 13,268 shares of the business’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $49.70, for a total value of $659,419.60. Following the transaction, the chief accounting officer owned 22,407 shares in the company, valued at approximately $1,113,627.90. The trade was a 37.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $49.70, for a total transaction of $2,982,000.00. Following the transaction, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 260,849 shares of company stock valued at $11,668,003 over the last quarter. Company insiders own 0.22% of the company’s stock.

SLB Price Performance

Shares of SLB stock opened at $48.38 on Monday. The stock has a market capitalization of $72.34 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 3.29 and a beta of 0.72. The company has a fifty day moving average of $41.48 and a 200-day moving average of $37.17. SLB Limited has a 52-week low of $31.11 and a 52-week high of $51.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.33.

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, beating the consensus estimate 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 analyst estimates of $9.54 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The company’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 company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be issued a $0.295 dividend. This is a positive change from SLB’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, February 11th. SLB’s dividend payout ratio (DPR) is 48.10%.

More SLB News

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Freedom Capital lowered SLB from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $49.00 price objective on shares of SLB in a report on Wednesday, January 14th. Susquehanna boosted their price objective on SLB from $52.00 to $58.00 and gave the company a “positive” rating in a research note on Monday, January 26th. UBS Group reiterated a “buy” rating on shares of SLB in a research report on Tuesday, January 27th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a research note on Wednesday, October 8th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.17.

SLB 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.