Bessemer Group Inc. Decreases Stake in SLB Limited $SLB

Bessemer Group Inc. lessened its stake in shares of SLB Limited (NYSE:SLB) by 27.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,758,395 shares of the oil and gas company’s stock after selling 1,759,686 shares during the period. Bessemer Group Inc.’s holdings in SLB were worth $163,547,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in SLB by 14.2% during the 2nd quarter. Vanguard Group Inc. now owns 150,317,566 shares of the oil and gas company’s stock valued at $5,080,734,000 after purchasing an additional 18,672,021 shares during the last quarter. Norges Bank acquired a new stake in shares of SLB during the second quarter worth about $618,697,000. Franklin Resources Inc. boosted its position in 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 buying an additional 4,719,852 shares during the last quarter. Lazard Asset Management LLC increased its holdings in SLB by 80.7% in the 2nd quarter. Lazard Asset Management LLC now owns 6,788,978 shares of the oil and gas company’s stock worth $229,466,000 after buying an additional 3,031,906 shares during the period. Finally, Assenagon Asset Management S.A. raised its position 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 buying an additional 3,007,911 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling at SLB

In related news, CFO Stephane Biguet sold 61,017 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 $3,032,544.90. Following the sale, the chief financial officer directly owned 155,548 shares in the company, valued at approximately $7,730,735.60. The trade was a 28.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction that occurred 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 completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 260,849 shares of company stock valued at $11,668,003. Insiders own 0.22% of the company’s stock.

SLB Price Performance

NYSE:SLB opened at $51.33 on Thursday. The stock has a market capitalization of $76.76 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 3.38 and a beta of 0.73. SLB Limited has a 52 week low of $31.11 and a 52 week 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 stock’s 50-day moving average price is $42.31 and its 200-day moving average price is $37.48.

SLB (NYSE:SLB) last issued its quarterly earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The company had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.54 billion. SLB had a return on equity of 17.45% and a net margin of 9.45%.SLB’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 earnings per share. As a group, equities analysts expect that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, February 11th will be given a dividend of $0.295 per share. 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 yield of 2.3%. The ex-dividend date is Wednesday, February 11th. SLB’s dividend payout ratio (DPR) is currently 48.10%.

Key Stories Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Won a major $1.5 billion, five‑year integrated development contract for Kuwait’s Mutriba field — SLB will provide design, development and production management for a technically demanding, high‑pressure/high‑temperature reservoir. The deal adds meaningful multi‑year backlog, strengthens SLB’s Middle East foothold and improves revenue visibility. SLB Awarded Integrated Development Contract for Mutriba Field in Kuwait
• Positive Sentiment: Jefferies raised its price target on SLB to $58 (from $51) and kept a Buy rating, citing attractive valuation and upside from market catch‑up — this institutional upgrade supports further analyst‑led buying. Jefferies Raises SLB (SLB) PT to $58 on Attractive Valuation, Market Upside
• Positive Sentiment: Additional analyst/upside notes surfaced today (price‑target lift reported to ~$54.97 in some outlets), reinforcing the view that consensus estimates and multiple expansion could support the stock. SLB NV (SLB) price target increased by 14.44% to 54.97
• Positive Sentiment: Retail sentiment boost: Jim Cramer flagged a “very positive outlook” after SLB’s recent report, which can drive short‑term retail inflows and attention. Jim Cramer on SLB: “Very Positive Outlook When They Reported Recently”
• Neutral Sentiment: Options market activity picked up recently (increased interest and positioning), which can amplify intraday moves but doesn’t change fundamentals — watch for elevated implied volatility and skew that may affect short‑term price action. Unpacking the Latest Options Trading Trends in SLB

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SLB shares. Redburn Partners set a $48.00 price objective on shares of SLB in a report on Monday, November 3rd. Jefferies Financial Group upped their price target on shares of SLB from $51.00 to $58.00 and gave the company a “buy” rating in a report on Sunday. Sanford C. Bernstein lifted their price objective on SLB from $47.60 to $52.30 and gave the company an “outperform” rating in a research note on Thursday, December 11th. The Goldman Sachs Group reissued a “buy” rating and issued a $49.00 price objective on shares of SLB in a report on Wednesday, January 14th. Finally, TD Cowen raised their target price on SLB from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Three research 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 given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $52.17.

SLB Company 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.