AustralianSuper Pty Ltd Sells 72,332 Shares of SLB Limited $SLB

AustralianSuper Pty Ltd reduced its stake in SLB Limited (NYSE:SLB) by 35.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,787 shares of the oil and gas company’s stock after selling 72,332 shares during the period. AustralianSuper Pty Ltd’s holdings in SLB were worth $4,495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SLB. Twin Peaks Wealth Advisors LLC bought a new position in SLB in the second quarter worth approximately $25,000. Root Financial Partners LLC bought a new stake in shares of SLB during the third quarter valued at approximately $29,000. Corsicana & Co. acquired a new position in shares of SLB during the third quarter worth approximately $31,000. NewSquare Capital LLC lifted its holdings in shares of SLB by 51.4% in the 2nd quarter. NewSquare Capital LLC now owns 1,004 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 341 shares in the last quarter. Finally, Kennebec Savings Bank grew its position in SLB by 47.4% in the 3rd quarter. Kennebec Savings Bank now owns 1,390 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 447 shares during the period. Institutional investors own 81.99% of the company’s stock.

Insider Activity

In other news, CFO Stephane Biguet sold 61,017 shares of SLB stock in a transaction on Monday, January 26th. The stock was sold at an average price of $49.70, for a total transaction 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 document filed with the SEC, which is available at this hyperlink. Also, insider Dianne B. Ralston sold 18,617 shares of the stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $49.50, for a total transaction of $921,541.50. Following the transaction, the insider 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. Over the last quarter, insiders sold 260,849 shares of company stock worth $11,668,003. 0.22% of the stock is owned by insiders.

SLB Trading Down 0.1%

NYSE:SLB opened at $48.38 on Friday. SLB Limited has a 52 week low of $31.11 and a 52 week high of $51.67. The firm has a 50-day moving average price of $41.48 and a two-hundred day moving average price of $37.14. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market cap of $72.34 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 3.30 and a beta of 0.72.

SLB (NYSE:SLB) last released its earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. The company had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.54 billion. SLB had a return on equity of 17.45% and a net margin of 9.45%.SLB’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. On average, equities analysts expect 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. Shareholders of record on Wednesday, February 11th will be paid a $0.295 dividend. This is a boost from SLB’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 11th. This represents a $1.18 dividend on an annualized basis and a yield of 2.4%. SLB’s dividend payout ratio is currently 48.10%.

More SLB News

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

Analyst Ratings Changes

A number of research firms have weighed in on SLB. UBS Group reaffirmed a “buy” rating on shares of SLB in a research note on Tuesday. Morgan Stanley restated an “overweight” rating and issued a $50.00 target price on shares of SLB in a report on Wednesday, January 21st. BMO Capital Markets lifted their price target on SLB from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. TD Cowen increased their price objective on SLB from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, Evercore ISI set a $54.00 target price on SLB and gave the company an “outperform” rating in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.92.

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.