SLB Limited (NYSE:SLB – Get Free Report) 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 transaction, 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Stephane Biguet also recently made the following trade(s):
- On Thursday, November 13th, Stephane Biguet sold 38,447 shares of SLB stock. The stock was sold at an average price of $36.75, for a total transaction of $1,412,927.25.
SLB Stock Performance
SLB stock opened at $48.87 on Thursday. SLB Limited has a twelve month low of $31.11 and a twelve month high of $51.67. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.36. The company has a market cap of $73.07 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 3.43 and a beta of 0.72. The business’s fifty day moving average is $40.97 and its 200-day moving average is $36.98.
SLB Increases Dividend
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from SLB’s previous quarterly dividend of $0.29. SLB’s dividend payout ratio is 48.10%.
More SLB News
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
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Evercore ISI set a $54.00 target price on shares of SLB and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Rothschild & Co Redburn initiated coverage on SLB in a research note on Monday, November 3rd. They set a “buy” rating and a $48.00 price objective on the stock. Bank of America boosted their target price on SLB from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets raised their price target on SLB from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Sanford C. Bernstein boosted their price objective on SLB from $47.60 to $52.30 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SLB has an average rating of “Moderate Buy” and a consensus price target of $51.92.
View Our Latest Research Report on SLB
Institutional Investors Weigh In On SLB
Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of SLB by 23.3% in the third quarter. Vanguard Group Inc. now owns 185,374,879 shares of the oil and gas company’s stock worth $6,371,335,000 after purchasing an additional 35,057,313 shares in the last quarter. State Street Corp increased its position in shares of SLB by 7.0% in the third 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 last quarter. Franklin Resources Inc. raised its holdings in SLB by 30.4% during the second quarter. Franklin Resources Inc. now owns 20,233,749 shares of the oil and gas company’s stock worth $683,901,000 after acquiring an additional 4,719,852 shares in the last quarter. Norges Bank acquired a new position in SLB during the second quarter valued at approximately $618,697,000. Finally, Dimensional Fund Advisors LP grew its stake in SLB by 25.2% in the third quarter. Dimensional Fund Advisors LP now owns 15,366,347 shares of the oil and gas company’s stock valued at $528,217,000 after purchasing an additional 3,094,764 shares in the last quarter. Institutional investors own 81.99% 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.
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