Mirae Asset Global Investments Co. Ltd. Buys 196,297 Shares of SLB Limited $SLB

Mirae Asset Global Investments Co. Ltd. grew its position in shares of SLB Limited (NYSE:SLB) by 14.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,591,543 shares of the oil and gas company’s stock after purchasing an additional 196,297 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.11% of SLB worth $54,701,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SLB. Brighton Jones LLC boosted its position 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 valued at $253,000 after acquiring an additional 1,166 shares during the last quarter. Bison Wealth LLC bought a new position in shares of SLB in the 4th quarter worth about $238,000. Avior Wealth Management LLC lifted its stake in shares of SLB by 70.4% in the 2nd quarter. Avior Wealth Management LLC now owns 8,905 shares of the oil and gas company’s stock valued at $301,000 after purchasing an additional 3,678 shares during the period. GC Wealth Management RIA LLC bought a new stake in shares of SLB during the 2nd quarter valued at about $280,000. Finally, Raleigh Capital Management Inc. grew its stake in SLB by 156.2% during the second quarter. Raleigh Capital Management Inc. now owns 11,436 shares of the oil and gas company’s stock worth $387,000 after purchasing an additional 6,972 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Activity at SLB

In related news, CAO Howard Guild sold 13,268 shares of the company’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $49.70, for a total transaction of $659,419.60. Following the completion of the sale, the chief accounting officer owned 22,407 shares in the company, valued at approximately $1,113,627.90. This represents a 37.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Abdellah Merad sold 60,000 shares of the firm’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 transaction, the executive vice president owned 140,602 shares in the company, valued at approximately $6,987,919.40. This trade represents a 29.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 260,849 shares of company stock valued at $11,668,003 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

SLB News Summary

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

SLB Stock Performance

SLB opened at $48.87 on Thursday. SLB Limited has a 1-year low of $31.11 and a 1-year high of $51.67. The company has a market cap of $73.07 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 3.43 and a beta of 0.72. The company’s fifty day moving average price is $40.97 and its two-hundred day moving average price is $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 (NYSE:SLB) last posted its earnings results 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 net margin of 9.45% and a return on equity of 17.45%. The company had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.54 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts expect that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Increases Dividend

The business 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 boost from SLB’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, February 11th. SLB’s dividend payout ratio is 48.10%.

Analyst Upgrades and Downgrades

SLB has been the topic of several recent analyst reports. UBS Group reissued a “buy” rating on shares of SLB in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of SLB from $43.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday. Morgan Stanley restated an “overweight” rating and issued a $50.00 price target on shares of SLB in a report on Wednesday, January 21st. Susquehanna lifted their price target on shares of SLB from $52.00 to $58.00 and gave the company a “positive” rating in a research note on Monday. Finally, Stifel Nicolaus set a $56.00 price objective on shares of SLB in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $51.92.

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.