New York State Common Retirement Fund Grows Position in SLB Limited $SLB

New York State Common Retirement Fund raised its stake in shares of SLB Limited (NYSE:SLB) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,879,137 shares of the oil and gas company’s stock after purchasing an additional 54,600 shares during the quarter. New York State Common Retirement Fund’s holdings in SLB were worth $64,586,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of SLB during the 2nd quarter valued at $25,000. Root Financial Partners LLC purchased a new position in shares of SLB in the 3rd quarter worth $29,000. Corsicana & Co. acquired a new position in SLB in the third quarter valued at $31,000. NewSquare Capital LLC grew its position 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 acquiring an additional 341 shares during the period. Finally, Kennebec Savings Bank increased its stake 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 acquiring an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Key Headlines Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Multiple brokerages raised ratings and price targets (Susquehanna to $58, BofA to $55, RBC to $54, JPMorgan/BMO also bullish), which supports upside expectations and buy‑side demand. Susquehanna Boosts SLB Price Target
• Positive Sentiment: SLB won multi‑year contracts in Oman / the Middle East to supply wellheads and artificial‑lift equipment — adds revenue backlog and local content exposure in a large concession (Block‑6). SLB Awarded Multi-Year Contracts to Support Oman’s Energy Development
• Positive Sentiment: Argus upgrade and a consensus “moderate buy” from analysts add institutional support for the stock’s near‑term outlook. SLB Upgraded at Argus
• Neutral Sentiment: Coverage pieces note SLB as a trending/widely watched stock and revisit its role in evolving energy markets — useful context but not an immediate catalyst. SLB Is a Trending Stock
• Neutral Sentiment: Mixed peer performance: commentary notes SLB underperformed some competitors on a recent day despite intraday gains — could reflect sector rotation rather than company‑specific deterioration. MarketWatch On Relative Performance
• Negative Sentiment: A coordinated wave of insider sales by senior executives (including CFO Stéphane Biguet, EVP Abdellah Merad, CAO Howard Guild, and others) has been reported — large insider disposals often trigger investor concern even if for diversification or tax reasons. Top Insiders Unload Holdings
• Negative Sentiment: SLB’s joint venture with Aker Carbon Capture reported a loss on a carbon‑capture project, raising near‑term execution and asset‑quality questions for its energy‑transition businesses. JV Loss on Carbon Capture Project
• Negative Sentiment: At least one boutique shop (Freedom Capital) downgraded SLB to “strong sell,” adding a contrarian negative note amid the broader wave of upgrades. Zacks Freedom Capital Downgrade

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SLB. Susquehanna lifted their price objective on SLB from $52.00 to $58.00 and gave the company a “positive” rating in a research note on Monday. Citigroup raised their price target on shares of SLB from $53.00 to $56.00 and gave the company a “buy” rating in a report on Monday. Bank of America raised their target price on shares of SLB from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday. Redburn Partners set a $48.00 target price on shares of SLB in a report on Monday, November 3rd. Finally, Argus upgraded SLB to a “strong-buy” rating in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.92.

Insider Transactions at SLB

In other news, CAO Howard Guild sold 13,268 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $49.70, for a total transaction of $659,419.60. Following the completion of the transaction, the chief accounting officer directly owned 22,407 shares in the company, valued at approximately $1,113,627.90. This represents a 37.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter John Coleman sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $35.82, for a total transaction of $197,010.00. Following the sale, the director directly owned 18,671 shares of the company’s stock, valued at $668,795.22. The trade was a 22.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 260,849 shares of company stock valued at $11,668,003 in the last three months. 0.22% of the stock is currently owned by company insiders.

SLB Price Performance

Shares of SLB stock opened at $48.44 on Friday. The firm has a fifty day simple moving average of $41.24 and a 200-day simple moving average of $37.06. The company has a market capitalization of $72.43 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 3.32 and a beta of 0.72. SLB Limited has a twelve month low of $31.11 and a twelve month high of $51.67. 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 (NYSE:SLB) last released its quarterly earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. The firm had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.54 billion. SLB had a net margin of 9.45% and a return on equity of 17.45%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. Equities research analysts anticipate that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Increases Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.4%. This is a positive change from SLB’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 11th. SLB’s payout ratio is presently 48.10%.

SLB 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.