Allspring Global Investments Holdings LLC Boosts Holdings in SLB Limited $SLB

Allspring Global Investments Holdings LLC raised its position in SLB Limited (NYSE:SLB) by 8.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,073,736 shares of the oil and gas company’s stock after buying an additional 87,779 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.07% of SLB worth $43,164,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of SLB. Brighton Jones LLC raised its holdings in SLB by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock worth $253,000 after purchasing an additional 1,166 shares in the last quarter. Bison Wealth LLC purchased a new stake in SLB in the 4th quarter valued at approximately $238,000. Loomis Sayles & Co. L P increased its position in SLB by 316.9% during the 2nd quarter. Loomis Sayles & Co. L P now owns 4,040 shares of the oil and gas company’s stock worth $137,000 after purchasing an additional 3,071 shares during the period. Fisher Asset Management LLC increased its position in SLB by 1.0% during the 2nd quarter. Fisher Asset Management LLC now owns 1,154,986 shares of the oil and gas company’s stock worth $39,039,000 after purchasing an additional 10,981 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of SLB during the 2nd quarter worth approximately $25,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insiders Place Their Bets

In other SLB news, CAO Howard Guild sold 13,268 shares of SLB stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $49.70, for a total transaction of $659,419.60. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stephane Biguet sold 61,017 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $49.70, for a total transaction of $3,032,544.90. Following the completion of the sale, the chief financial officer owned 155,548 shares in the company, valued at $7,730,735.60. This represents a 28.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 156,902 shares of company stock worth $7,796,666. 0.16% of the stock is owned by company insiders.

SLB Stock Performance

SLB opened at $50.11 on Thursday. SLB Limited has a 1-year low of $31.11 and a 1-year high of $54.80. The stock has a market cap of $75.29 billion, a P/E ratio of 21.14, a P/E/G ratio of 3.66 and a beta of 0.68. The stock’s 50 day simple moving average is $49.49 and its 200 day simple moving average is $41.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.98.

SLB (NYSE:SLB) last issued its quarterly earnings data 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. The firm had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.54 billion. SLB had a return on equity of 17.45% and a net margin of 9.45%.SLB’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 earnings per share. As a group, equities analysts anticipate that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, February 11th will be given a $0.295 dividend. The ex-dividend date is Wednesday, February 11th. This represents a $1.18 annualized dividend and a dividend yield of 2.4%. This is a boost from SLB’s previous quarterly dividend of $0.29. SLB’s payout ratio is presently 49.79%.

Key SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB is expanding digital operations with Angolan producer Azule Energy, advancing its digital oilfield strategy that can improve field performance and deepen local ties — a tangible revenue/contract opportunity. Read More. Read More.
• Positive Sentiment: SLB is in talks with Egypt on horizontal drilling technologies to boost oil output — potential for service contracts and HTHP drilling work in a region with growing upstream activity. Read More.
• Positive Sentiment: Analyst support: BMO reaffirmed a Buy rating and a $55 price target, citing structural strength and valuation upside amid temporary regional disruptions — this underpins investor confidence. Read More.
• Positive Sentiment: Momentum note — coverage highlighting SLB reaching a new 52-week high signals recent investor demand and validates the stock’s stronger trend prior to today’s pullback. Read More.
• Neutral Sentiment: Macro/peer context: A broader piece notes Goldman Sachs is bullish on several dividend-paying energy names; if SLB is included in such thematic buys it would be supportive, but the mention is not a direct corporate development. Read More.
• Neutral Sentiment: General coverage and quote pages (e.g., CNN Markets) provide market data and context but do not add fresh catalysts. Read More.
• Negative Sentiment: Market action: Multiple reports note SLB shares dipped while the broader market gained — a sign of near-term profit-taking or sector rotation weighing on the stock today. Read More.

Wall Street Analyst Weigh In

SLB has been the topic of a number of analyst reports. Barclays lifted their price target on SLB from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. The Goldman Sachs Group increased their price objective on SLB from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Freedom Capital downgraded SLB from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Stifel Nicolaus set a $56.00 price target on shares of SLB in a research note on Monday, January 26th. Finally, Piper Sandler increased their price target on shares of SLB from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Three analysts have rated the stock with a Strong Buy rating, sixteen 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.com, SLB presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.16.

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.