Retirement Systems of Alabama Acquires 26,401 Shares of SLB Limited $SLB

Retirement Systems of Alabama increased its stake in SLB Limited (NYSE:SLB) by 9.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 318,263 shares of the oil and gas company’s stock after purchasing an additional 26,401 shares during the quarter. Retirement Systems of Alabama’s holdings in SLB were worth $10,939,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SLB. Synergy Asset Management LLC lifted its position in shares of SLB by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 80,830 shares of the oil and gas company’s stock valued at $2,732,000 after buying an additional 40,415 shares in the last quarter. Americana Partners LLC raised its stake in SLB by 10.1% during the 3rd quarter. Americana Partners LLC now owns 248,057 shares of the oil and gas company’s stock worth $8,526,000 after acquiring an additional 22,706 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in SLB by 13.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 210,056 shares of the oil and gas company’s stock valued at $7,220,000 after purchasing an additional 25,417 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in SLB by 1,937.4% during the third 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 in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of SLB by 4.9% in the third quarter. Nordea Investment Management AB now owns 2,157,885 shares of the oil and gas company’s stock worth $72,354,000 after purchasing an additional 100,918 shares during the period. Institutional investors own 81.99% of the company’s stock.

Trending Headlines about SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Multiple brokerages raised targets/ratings this week, supporting upside expectations (examples include Susquehanna’s boost to $58 and other bank notes showing constructive views). Susquehanna Boosts SLB Price Target
• Positive Sentiment: SLB won multi?year supply contracts in Oman (wellheads and artificial lift) and additional Middle East work, reinforcing near?term revenue visibility in the region. Business Wire: Oman Contracts
• Neutral Sentiment: Commentary pieces are re-evaluating SLB’s valuation and role in evolving energy markets — useful context for positioning but not an immediate catalyst. Yahoo: Is SLB Pricing Reflect Its Role?
• Neutral Sentiment: MarketWatch notes SLB has underperformed some peers recently despite intraday gains, which frames relative performance risk vs. other oilfield services names. MarketWatch: Underperformance vs Competitors
• Negative Sentiment: Significant coordinated insider selling occurred on Jan. 26 — including the CFO, EVP, CAO and multiple directors — amounting to multimillion?dollar disposals; markets often interpret clustered insider sales as a near?term negative signal. TipRanks: Coordinated Insider Selling
• Negative Sentiment: Individual SEC?filed insider sales include EVP Abdellah Merad (~$2.98M), CAO Howard Guild (~$659K) and CFO Stéphane Biguet (>$3M) — these specific filings have been widely reported and are weighing on sentiment. Benzinga: Howard Guild Sale Benzinga: Abdellah Merad Sale
• Negative Sentiment: A Freedom Capital downgrade moved SLB to a “strong sell” designation, creating a direct negative research catalyst amid otherwise bullish analyst activity. Zacks / Freedom Capital Downgrade
• Negative Sentiment: SLB’s JV with Aker Carbon Capture reported a loss on a carbon?capture project — this may temper near?term enthusiasm for SLB’s energy?transition growth narrative. Upstream: Loss on Carbon Capture Project

Insiders Place Their Bets

In other news, CFO Stephane Biguet sold 61,017 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 $3,032,544.90. Following the sale, the chief financial officer directly owned 155,548 shares in the company, valued at $7,730,735.60. The trade was a 28.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter John Coleman sold 5,500 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $35.82, for a total transaction of $197,010.00. Following the sale, the director owned 18,671 shares in the company, valued at $668,795.22. This represents a 22.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 260,849 shares of company stock worth $11,668,003. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of SLB from $43.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday. BMO Capital Markets boosted their price objective on SLB from $53.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday. Susquehanna upped their price objective on SLB from $52.00 to $58.00 and gave the stock a “positive” rating in a research note on Monday. Evercore ISI set a $54.00 target price on SLB and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Finally, UBS Group restated a “buy” rating on shares of SLB in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, SLB presently has an average rating of “Moderate Buy” and a consensus price target of $51.92.

SLB Price Performance

Shares of SLB stock opened at $48.87 on Thursday. The firm has a market cap of $73.07 billion, a PE ratio of 20.62, a PEG ratio of 3.43 and a beta of 0.72. The stock has a 50 day moving average of $40.97 and a 200 day moving average of $36.98. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36. SLB Limited has a 12 month low of $31.11 and a 12 month high of $51.67.

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 business had revenue of $9.75 billion for 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%.The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. On average, research analysts expect 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. Shareholders of record on Wednesday, February 11th will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 2.4%. This is an increase from SLB’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 11th. SLB’s dividend payout ratio (DPR) is 48.10%.

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.