Rockland Trust Co. Sells 446,305 Shares of SLB Limited $SLB

Rockland Trust Co. lowered its position in shares of SLB Limited (NYSE:SLB) by 93.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,718 shares of the oil and gas company’s stock after selling 446,305 shares during the period. Rockland Trust Co.’s holdings in SLB were worth $1,179,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of SLB by 23.3% in the 3rd quarter. Vanguard Group Inc. now owns 185,374,879 shares of the oil and gas company’s stock worth $6,371,335,000 after acquiring an additional 35,057,313 shares in the last quarter. State Street Corp lifted its position in SLB by 7.0% during the 3rd quarter. State Street Corp now owns 83,617,999 shares of the oil and gas company’s stock valued at $2,898,037,000 after acquiring an additional 5,466,786 shares during the period. Dimensional Fund Advisors LP boosted its stake in SLB by 25.2% during the third quarter. Dimensional Fund Advisors LP now owns 15,366,347 shares of the oil and gas company’s stock worth $528,217,000 after acquiring an additional 3,094,764 shares in the last quarter. Northern Trust Corp grew its holdings in SLB by 10.7% in the third quarter. Northern Trust Corp now owns 15,359,990 shares of the oil and gas company’s stock worth $527,923,000 after purchasing an additional 1,490,859 shares during the period. Finally, Amundi grew its holdings in SLB by 24.4% in the third quarter. Amundi now owns 14,198,874 shares of the oil and gas company’s stock worth $491,139,000 after purchasing an additional 2,783,134 shares during the period. Institutional investors own 81.99% of the company’s stock.

SLB Stock Down 2.5%

Shares of SLB stock opened at $50.11 on Thursday. The company has a 50-day simple moving average of $49.49 and a two-hundred day simple moving average of $41.65. The stock has a market capitalization of $75.29 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 3.66 and a beta of 0.68. SLB Limited has a 52-week low of $31.11 and a 52-week high of $54.80. 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 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The firm had revenue of $9.75 billion for the quarter, compared to analysts’ expectations of $9.54 billion. SLB had a net margin of 9.45% and a return on equity of 17.45%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 earnings per share. On average, analysts anticipate that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, February 11th will be paid a dividend of $0.295 per share. The ex-dividend date is Wednesday, February 11th. This represents a $1.18 annualized dividend and a yield of 2.4%. This is a positive change from SLB’s previous quarterly dividend of $0.29. SLB’s dividend payout ratio (DPR) is 49.79%.

Analysts Set New Price Targets

Several research firms have recently issued reports on SLB. BMO Capital Markets lifted their target price on shares of SLB from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Citigroup upped their price target on SLB from $53.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Piper Sandler raised 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. Jefferies Financial Group lifted their price objective on SLB from $51.00 to $58.00 and gave the company a “buy” rating in a research note on Sunday, February 1st. Finally, JPMorgan Chase & Co. boosted their target price on SLB from $43.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $53.16.

More 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.

Insider Buying and Selling at SLB

In other 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 transaction, the chief accounting officer directly owned 22,407 shares of the company’s stock, valued at $1,113,627.90. This represents a 37.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Abdellah Merad sold 60,000 shares of the 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 sale, the executive vice president directly owned 140,602 shares in the company, valued at $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. In the last quarter, insiders sold 156,902 shares of company stock worth $7,796,666. Insiders own 0.16% of the company’s stock.

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.