Bank Pictet & Cie Europe AG Raises Stock Holdings in SLB Limited $SLB

Bank Pictet & Cie Europe AG boosted its position in shares of SLB Limited (NYSE:SLB) by 53.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,526,880 shares of the oil and gas company’s stock after buying an additional 529,932 shares during the quarter. SLB makes up about 1.2% of Bank Pictet & Cie Europe AG’s holdings, making the stock its 22nd biggest holding. Bank Pictet & Cie Europe AG owned about 0.10% of SLB worth $58,602,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SLB. Twin Peaks Wealth Advisors LLC bought a new stake in shares of SLB in the second quarter worth about $25,000. Root Financial Partners LLC purchased a new stake in SLB in the third quarter worth $29,000. Corsicana & Co. bought a new stake in shares of SLB during the 3rd quarter valued at $31,000. Strengthening Families & Communities LLC purchased a new stake in shares of SLB in the 3rd quarter worth about $31,000. Finally, SouthState Bank Corp increased its stake in shares of SLB by 57.4% during the third quarter. SouthState Bank Corp now owns 1,212 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Buying and Selling at SLB

In related news, Director La Chevardiere Patrick De sold 4,000 shares of the business’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $50.29, for a total value of $201,160.00. Following the sale, the director owned 19,525 shares in the company, valued at approximately $981,912.25. The trade was a 17.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dianne B. Ralston sold 18,617 shares of the company’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $49.50, for a total transaction of $921,541.50. Following the sale, the insider directly owned 224,097 shares in the company, valued at approximately $11,092,801.50. The trade was a 7.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 156,902 shares of company stock worth $7,796,666. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

SLB has been the subject of several analyst reports. Wall Street Zen downgraded SLB from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Loop Capital set a $48.00 target price on shares of SLB in a research note on Tuesday, January 27th. Bank of America upped their price target on shares of SLB from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, January 26th. BMO Capital Markets raised their target price on SLB from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, Piper Sandler lifted their price objective on SLB from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.16.

SLB News Roundup

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.

SLB Trading Down 2.5%

Shares of SLB opened at $50.11 on Thursday. The firm has a market cap of $75.29 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 3.66 and a beta of 0.68. The company has a 50 day simple moving average of $49.49 and a two-hundred day simple moving average of $41.65. SLB Limited has a 1 year low of $31.11 and a 1 year high of $54.80. 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 announced its quarterly earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (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 company had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.54 billion. During the same period in the previous year, the firm posted $0.92 EPS. SLB’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts expect 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. Stockholders of record on Wednesday, February 11th will be issued a dividend of $0.295 per share. This is a positive change from SLB’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $1.18 annualized dividend and a dividend yield of 2.4%. SLB’s payout ratio is currently 49.79%.

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.