California State Teachers Retirement System reduced its holdings in SLB Limited (NYSE:SLB – Free Report) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,852,661 shares of the oil and gas company’s stock after selling 58,021 shares during the period. California State Teachers Retirement System owned approximately 0.32% of SLB worth $249,378,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of SLB. Evergreen Advisors LLC acquired a new stake in shares of SLB in the first quarter worth $26,000. Costello Asset Management INC raised its stake in SLB by 93.3% during the 1st quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 280 shares during the last quarter. MV Capital Management Inc. acquired a new position in SLB during the 4th quarter valued at $28,000. Sound Income Strategies LLC boosted its holdings in SLB by 71.1% in the 1st quarter. Sound Income Strategies LLC now owns 780 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 324 shares during the period. Finally, Steph & Co. grew its position in SLB by 97.5% in the 4th quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 394 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on SLB. JPMorgan Chase & Co. boosted their price objective on shares of SLB from $54.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. UBS Group decreased their target price on SLB from $69.00 to $66.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Wolfe Research started coverage on SLB in a research note on Wednesday, July 8th. They set an “outperform” rating and a $62.00 price target on the stock. Weiss Ratings cut SLB from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Piper Sandler raised their price objective on SLB from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $61.35.
Insider Activity at SLB
In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the completion of the transaction, the executive vice president directly owned 47,421 shares in the company, valued at $2,664,111.78. This represents a 52.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director La Chevardiere Patrick De sold 2,000 shares of SLB stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $54.33, for a total value of $108,660.00. Following the transaction, the director directly owned 16,953 shares of the company’s stock, valued at approximately $921,056.49. The trade was a 10.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.16% of the stock is owned by company insiders.
SLB Price Performance
NYSE:SLB opened at $50.00 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.05 and a current ratio of 1.44. The company has a 50-day moving average of $50.91 and a 200-day moving average of $50.71. SLB Limited has a 52 week low of $31.64 and a 52 week high of $58.82. The company has a market capitalization of $74.76 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 2.11 and a beta of 0.72.
SLB (NYSE:SLB – Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. The firm had revenue of $8.97 billion during the quarter, compared to analyst estimates of $8.67 billion. SLB had a net margin of 8.53% and a return on equity of 14.05%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 earnings per share. As a group, equities research analysts anticipate that SLB Limited will post 2.49 earnings per share for the current fiscal year.
SLB Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 2nd will be issued a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.4%. SLB’s dividend payout ratio is presently 57.00%.
Trending Headlines about SLB
Here are the key news stories impacting SLB this week:
- Positive Sentiment: SLB exceeded second-quarter expectations, reporting adjusted EPS of $0.55 versus the $0.51 consensus and revenue of $8.97 billion versus $8.67 billion. Sequential revenue growth, margin expansion and stronger cash-flow prospects have prompted analysts to raise forecasts. SLB Analysts Increase Their Forecasts After Upbeat Q2 Results
- Positive Sentiment: Several firms increased their targets: Morgan Stanley raised its target to $55 and kept an Overweight rating, while BMO lifted its target to $63 and maintained Outperform. Goldman Sachs reiterated Buy with a $62 target, citing international recovery and data-center-related digital expansion. Goldman Sachs SLB Rating
- Positive Sentiment: Analysts see a stronger 2027 outlook driven by offshore and deepwater activity, digital solutions, production gains from ChampionX and a gradual recovery in international markets. SLB’s Q4 outlook reportedly calls for revenue above $10 billion and an adjusted EBITDA margin of about 24%. SLB Growth Outlook
- Neutral Sentiment: Analyst consensus is broadly bullish, but the stock’s roughly $50 price remains near its 50-day and 200-day moving averages, suggesting investors are waiting for clearer evidence that the expected recovery will materialize.
- Negative Sentiment: Middle East well shutdowns and geopolitical uncertainty continue to weigh on near-term operations. Falling oil prices, potential delays in regional recovery and elevated net debt could limit earnings momentum and explain why some brokers previously reduced targets. SLB CEO Sends Clear Message on Oil Services Upcycle
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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