SLB Limited $SLB Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of SLB Limited (NYSE:SLB) by 9.6% during the third quarter, Holdings Channel.com reports. The fund owned 1,677,257 shares of the oil and gas company’s stock after purchasing an additional 147,175 shares during the period. Principal Financial Group Inc.’s holdings in SLB were worth $57,647,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of SLB by 14.2% in the 2nd quarter. Vanguard Group Inc. now owns 150,317,566 shares of the oil and gas company’s stock worth $5,080,734,000 after buying an additional 18,672,021 shares in the last quarter. Franklin Resources Inc. grew 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 during the period. Norges Bank bought a new stake in SLB in the second quarter worth about $618,697,000. Amundi raised its position in SLB by 29.9% in the second quarter. Amundi now owns 11,415,740 shares of the oil and gas company’s stock worth $409,939,000 after acquiring an additional 2,624,679 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in SLB by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 9,681,754 shares of the oil and gas company’s stock valued at $327,243,000 after acquiring an additional 114,190 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

SLB Trading Up 3.2%

Shares of NYSE SLB opened at $51.33 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36. SLB Limited has a one year low of $31.11 and a one year high of $51.67. The business has a 50-day moving average price of $42.31 and a two-hundred day moving average price of $37.48. The firm has a market capitalization of $76.76 billion, a PE ratio of 21.66, a PEG ratio of 3.38 and a beta of 0.73.

SLB (NYSE:SLB) last issued its earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share for the quarter, beating 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%.The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. As a group, analysts predict that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Increases Dividend

The business 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. This is an increase from SLB’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. SLB’s dividend payout ratio (DPR) is 48.10%.

Analysts Set New Price Targets

SLB has been the topic of several recent research reports. Susquehanna boosted their target price on shares of SLB from $52.00 to $58.00 and gave the stock a “positive” rating in a report on Monday, January 26th. Loop Capital set a $48.00 price target on shares of SLB in a research report on Tuesday, January 27th. Evercore ISI set a $54.00 price objective on SLB and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Weiss Ratings restated a “hold (c-)” rating on shares of SLB in a report on Wednesday, October 8th. Finally, UBS Group reaffirmed a “buy” rating on shares of SLB in a report on Tuesday, January 27th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, SLB has an average rating of “Moderate Buy” and an average target price of $52.17.

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

Insider Buying and Selling at SLB

In other SLB news, 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 owned 224,097 shares in the company, valued at $11,092,801.50. The trade was a 7.67% 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, Director Peter John Coleman sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $35.82, for a total value of $197,010.00. Following the sale, the director directly owned 18,671 shares of the company’s stock, valued at $668,795.22. This trade represents a 22.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 260,849 shares of company stock worth $11,668,003 over the last 90 days. 0.22% of the stock is currently owned by insiders.

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.