Retirement Systems of Alabama Buys 26,401 Shares of SLB Limited $SLB

Retirement Systems of Alabama boosted its position in shares of SLB Limited (NYSE:SLB) by 9.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 318,263 shares of the oil and gas company’s stock after buying an additional 26,401 shares during the quarter. Retirement Systems of Alabama’s holdings in SLB were worth $10,939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SLB. Vanguard Group Inc. boosted its stake in shares of 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 worth $5,080,734,000 after purchasing an additional 18,672,021 shares during the period. Norges Bank purchased a new stake in SLB in the 2nd quarter worth about $618,697,000. Franklin Resources Inc. lifted its stake 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 worth $683,901,000 after purchasing an additional 4,719,852 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of SLB by 80.7% during the second quarter. Lazard Asset Management LLC now owns 6,788,978 shares of the oil and gas company’s stock valued at $229,466,000 after buying an additional 3,031,906 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of SLB by 346.3% during the third quarter. Assenagon Asset Management S.A. now owns 3,876,526 shares of the oil and gas company’s stock valued at $133,236,000 after buying an additional 3,007,911 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

SLB News Roundup

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

SLB Stock Performance

SLB stock opened at $48.87 on Thursday. SLB Limited has a 1-year low of $31.11 and a 1-year high of $51.67. The business has a 50-day moving average price of $40.97 and a 200 day moving average price of $36.98. The company 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 company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.98.

SLB (NYSE:SLB) last posted its 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 net margin of 9.45% and a return on equity of 17.45%. The business had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.54 billion. During the same quarter last year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts forecast that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Increases Dividend

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

Insider Activity at SLB

In other news, EVP Abdellah Merad sold 60,000 shares of SLB stock in a transaction on Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $2,982,000.00. Following the transaction, the executive vice president directly owned 140,602 shares in the company, valued at approximately $6,987,919.40. This trade represents a 29.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dianne B. Ralston sold 18,617 shares of the business’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $49.50, for a total value of $921,541.50. Following the completion of the transaction, the insider directly owned 224,097 shares of the company’s stock, valued at approximately $11,092,801.50. The trade was a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 260,849 shares of company stock valued at $11,668,003 over the last 90 days. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SLB shares. Piper Sandler raised their price target on SLB from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. The Goldman Sachs Group reiterated a “buy” rating and set a $49.00 target price on shares of SLB in a research report on Wednesday, January 14th. Redburn Partners set a $48.00 price target on shares of SLB in a report on Monday, November 3rd. Barclays raised their price target on shares of SLB from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Sanford C. Bernstein boosted their price objective on shares of SLB from $47.60 to $52.30 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, SLB currently has an average rating of “Moderate Buy” and a consensus price target of $51.92.

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.