Mirae Asset Global Investments Co. Ltd. Acquires 196,297 Shares of SLB Limited $SLB

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of SLB Limited (NYSE:SLB) by 14.1% in the third quarter, HoldingsChannel.com reports. The fund owned 1,591,543 shares of the oil and gas company’s stock after acquiring an additional 196,297 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in SLB were worth $54,701,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in SLB. Twin Peaks Wealth Advisors LLC bought a new position in SLB during the second quarter valued at about $25,000. Root Financial Partners LLC bought a new position in shares of SLB during the 3rd quarter valued at approximately $29,000. Corsicana & Co. purchased a new stake in shares of SLB during the 3rd quarter worth approximately $31,000. NewSquare Capital LLC grew its holdings in SLB by 51.4% during the second 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 during the period. Finally, Kennebec Savings Bank grew its stake in shares of SLB by 47.4% during the 3rd quarter. Kennebec Savings Bank now owns 1,390 shares of the oil and gas company’s stock worth $48,000 after acquiring an additional 447 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

SLB News Summary

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Multiple brokerages raised targets/ratings this week, supporting upside expectations (examples include Susquehanna’s boost to $58 and other bank notes showing constructive views). Susquehanna Boosts SLB Price Target
• Positive Sentiment: SLB won multi‑year supply contracts in Oman (wellheads and artificial lift) and additional Middle East work, reinforcing near‑term revenue visibility in the region. Business Wire: Oman Contracts
• Neutral Sentiment: Commentary pieces are re-evaluating SLB’s valuation and role in evolving energy markets — useful context for positioning but not an immediate catalyst. Yahoo: Is SLB Pricing Reflect Its Role?
• Neutral Sentiment: MarketWatch notes SLB has underperformed some peers recently despite intraday gains, which frames relative performance risk vs. other oilfield services names. MarketWatch: Underperformance vs Competitors
• Negative Sentiment: Significant coordinated insider selling occurred on Jan. 26 — including the CFO, EVP, CAO and multiple directors — amounting to multimillion‑dollar disposals; markets often interpret clustered insider sales as a near‑term negative signal. TipRanks: Coordinated Insider Selling
• Negative Sentiment: Individual SEC‑filed insider sales include EVP Abdellah Merad (~$2.98M), CAO Howard Guild (~$659K) and CFO Stéphane Biguet (>$3M) — these specific filings have been widely reported and are weighing on sentiment. Benzinga: Howard Guild Sale Benzinga: Abdellah Merad Sale
• Negative Sentiment: A Freedom Capital downgrade moved SLB to a “strong sell” designation, creating a direct negative research catalyst amid otherwise bullish analyst activity. Zacks / Freedom Capital Downgrade
• Negative Sentiment: SLB’s JV with Aker Carbon Capture reported a loss on a carbon‑capture project — this may temper near‑term enthusiasm for SLB’s energy‑transition growth narrative. Upstream: Loss on Carbon Capture Project

Analyst Upgrades and Downgrades

SLB has been the subject of a number of research reports. TD Cowen increased their target price on shares of SLB from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Susquehanna upped 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. Barclays increased their target price on shares of SLB from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Monday. Sanford C. Bernstein boosted their target price on SLB from $47.60 to $52.30 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. Finally, Freedom Capital cut shares of SLB from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.92.

SLB Trading Down 3.5%

Shares of SLB opened at $48.87 on Thursday. The stock has a market capitalization of $73.07 billion, a P/E ratio of 20.62, a PEG ratio of 3.43 and a beta of 0.72. The firm has a fifty day simple moving average of $40.97 and a two-hundred day simple moving average of $36.98. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.36. SLB Limited has a twelve month low of $31.11 and a twelve month high of $51.67.

SLB (NYSE:SLB) last posted its earnings results on Friday, January 23rd. The oil and gas company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The business 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%.The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 EPS. On average, research analysts anticipate that SLB Limited will post 3.38 EPS for the current 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. The ex-dividend date is Wednesday, February 11th. This represents a $1.18 annualized dividend and a yield of 2.4%. This is an increase from SLB’s previous quarterly dividend of $0.29. SLB’s dividend payout ratio (DPR) is currently 48.10%.

Insider Activity

In other news, insider Dianne B. Ralston sold 18,617 shares of SLB stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $49.50, for a total value of $921,541.50. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director La Chevardiere Patrick De sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $50.29, for a total transaction of $201,160.00. Following the transaction, the director directly owned 19,525 shares of the company’s stock, valued at $981,912.25. The trade was a 17.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 260,849 shares of company stock worth $11,668,003. 0.22% of the stock is owned by corporate insiders.

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.