Arizona State Retirement System grew its holdings in SLB Limited (NYSE:SLB – Free Report) by 10.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 438,416 shares of the oil and gas company’s stock after acquiring an additional 40,871 shares during the period. Arizona State Retirement System’s holdings in SLB were worth $15,068,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in SLB by 14.2% during the second quarter. Vanguard Group Inc. now owns 150,317,566 shares of the oil and gas company’s stock worth $5,080,734,000 after purchasing an additional 18,672,021 shares during the period. Norges Bank bought a new stake in shares of SLB during the second quarter worth approximately $618,697,000. Franklin Resources Inc. grew its position in shares of SLB by 30.4% in the second quarter. Franklin Resources Inc. now owns 20,233,749 shares of the oil and gas company’s stock valued at $683,901,000 after purchasing an additional 4,719,852 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of SLB by 80.7% during the second quarter. Lazard Asset Management LLC now owns 6,788,978 shares of the oil and gas company’s stock worth $229,466,000 after purchasing an additional 3,031,906 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in SLB by 346.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,876,526 shares of the oil and gas company’s stock worth $133,236,000 after purchasing an additional 3,007,911 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.
Trending Headlines about SLB
Here are the key news stories impacting SLB this week:
- Positive Sentiment: SLB won two contracts from Petroleum Development Oman for operations in Block‑6 — a revenue and backlog positive, reinforcing international E&P service demand. SLB wins two contracts from PDO for Oman’s Block-6
- Positive Sentiment: Argus upgraded SLB, which can support near‑term buying interest and lift price targets or sentiment among momentum traders. SLB (NYSE:SLB) Upgraded at Argus
- Positive Sentiment: Analyst coverage remains broadly constructive: one roundup shows a consensus around a “Moderate Buy” and discussion of Wall Street expectations — that analyst sentiment and price targets can provide support. SLB Limited (NYSE:SLB) Given Consensus Recommendation of “Moderate Buy” by Analysts Are Wall Street Analysts Predicting SLB N.V. Stock Will Climb or Sink?
- Neutral Sentiment: SLB is a “trending” stock on Zacks (high investor interest), which can boost volume and volatility but doesn’t by itself change fundamentals. SLB Limited (SLB) Is a Trending Stock
- Negative Sentiment: Insider selling reported: a transaction totaling $921,541.50 was disclosed — investors often view sizable insider sales as a near‑term negative signal. Insider Selling: SLB (NYSE:SLB) Insider Sells $921,541.50 in Stock
- Negative Sentiment: Additional insider sale: SLB’s CAO sold $659,419.60 of stock, which may add selling pressure or raise governance questions for some investors. Insider Selling: SLB (NYSE:SLB) CAO Sells $659,419.60 in Stock
- Negative Sentiment: Stephane Biguet disclosed a sale of 61,017 shares — another insider disposition that investors may interpret as a negative near‑term signal even if for personal/liquidity reasons. Stephane Biguet Sells 61,017 Shares of SLB (NYSE:SLB) Stock
- Negative Sentiment: Freedom Capital cut SLB to “Strong Sell” — a boutique downgrade that can pressure sentiment among retail and technical traders even if larger sell‑side shops remain neutral/positive. SLB (NYSE:SLB) Cut to Strong Sell at Freedom Capital
Wall Street Analyst Weigh In
Insider Buying and Selling at SLB
In other SLB news, CAO Howard Guild sold 13,268 shares of SLB stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $659,419.60. Following the transaction, the chief accounting officer owned 22,407 shares in the company, valued at $1,113,627.90. The trade was a 37.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dianne B. Ralston sold 18,617 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $49.50, for a total value of $921,541.50. Following the transaction, the insider directly owned 224,097 shares of the company’s stock, 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. Insiders sold 260,849 shares of company stock worth $11,668,003 over the last quarter. 0.22% of the stock is currently owned by company insiders.
SLB Stock Performance
Shares of SLB stock opened at $48.38 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36. The company has a market cap of $72.34 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 3.30 and a beta of 0.72. The company has a 50 day moving average of $41.48 and a 200-day moving average of $37.14. SLB Limited has a 1-year low of $31.11 and a 1-year high of $51.67.
SLB (NYSE:SLB – Get Free Report) last announced its quarterly earnings data on Friday, January 23rd. The oil and gas company reported $0.78 EPS for the quarter, beating 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 business 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 business earned $0.92 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts forecast that SLB Limited will post 3.38 earnings per share for the current fiscal year.
SLB Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, February 11th will be given a dividend of $0.295 per share. The ex-dividend date is Wednesday, February 11th. This represents a $1.18 annualized dividend and a dividend yield of 2.4%. This is an increase from SLB’s previous quarterly dividend of $0.29. SLB’s dividend payout ratio is currently 48.10%.
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.
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