Great Lakes Advisors LLC Has $87.44 Million Stock Holdings in SLB Limited $SLB

Great Lakes Advisors LLC trimmed its position in SLB Limited (NYSE:SLB) by 1.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,544,005 shares of the oil and gas company’s stock after selling 31,803 shares during the period. Great Lakes Advisors LLC owned approximately 0.17% of SLB worth $87,438,000 at the end of the most recent quarter.

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

Key SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Multiple brokers raised ratings and price targets (including Susquehanna, Bank of America, RBC, JPMorgan, BMO; Argus upgraded SLB), supporting upside expectations and buy-side interest. Read More. Read More.
• Positive Sentiment: SLB won multi-year contracts in Oman and other Middle East work for wellheads and artificial-lift equipment (ESPs, PCPs) — a near-term revenue and backlog positive in a key region. Read More.
• Neutral Sentiment: Analysts collectively still rate SLB around “Buy/Moderate Buy,” reflecting ongoing confidence in long-term fundamentals even if not an immediate catalyst. Read More.
• Neutral Sentiment: Market commentary notes SLB’s recent underperformance versus some peers on certain trading days despite positive company news — helpful context but not an immediate driver. Read More.
• Negative Sentiment: A wave of insider selling by senior executives (including the CFO, EVP, CAO and others) on Jan. 26 has raised investor concern about insider conviction and created downward pressure. Large, clustered sales often trigger short-term selling. Read More.
• Negative Sentiment: Freedom Capital downgraded SLB to a “strong sell,” adding a bearish research voice that can amplify short-term weakness. Read More.
• Negative Sentiment: SLB’s carbon-capture joint venture with Aker reported a loss on a project, which may temper enthusiasm about the energy-transition growth narrative and raise near-term execution questions. Read More.

Insider Buying and Selling

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 shares were 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 in the company, valued at $11,092,801.50. The trade was a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Howard Guild sold 13,268 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $49.70, for a total transaction of $659,419.60. Following the transaction, the chief accounting officer directly owned 22,407 shares of the company’s stock, valued at $1,113,627.90. This represents a 37.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 260,849 shares of company stock worth $11,668,003 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

SLB has been the subject of a number of analyst reports. Loop Capital set a $48.00 price objective on shares of SLB in a report on Tuesday. Evercore ISI set a $54.00 price objective on SLB and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Rothschild Redb raised SLB to a “strong-buy” rating in a research note on Monday, November 3rd. Citigroup lifted their target price on SLB from $53.00 to $56.00 and gave the company a “buy” rating in a research report on Monday. Finally, TD Cowen upped their price target on SLB from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.92.

SLB Price Performance

Shares of NYSE SLB opened at $48.87 on Thursday. The company has a market capitalization of $73.07 billion, a PE ratio of 20.62, a PEG ratio of 3.43 and a beta of 0.72. 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 $40.97 and its 200-day moving average price is $36.98. SLB Limited has a twelve month low of $31.11 and a twelve month high of $51.67.

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

SLB Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, February 11th. This is a positive change from SLB’s previous quarterly dividend of $0.29. SLB’s dividend payout ratio (DPR) is presently 48.10%.

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.