KLP Kapitalforvaltning AS Purchases 57,900 Shares of SLB Limited $SLB

KLP Kapitalforvaltning AS raised its holdings in shares of SLB Limited (NYSE:SLB) by 8.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 714,226 shares of the oil and gas company’s stock after buying an additional 57,900 shares during the period. KLP Kapitalforvaltning AS’s holdings in SLB were worth $24,752,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC grew its position in SLB by 21.4% in the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after purchasing an additional 1,166 shares in the last quarter. Bison Wealth LLC acquired a new position in shares of SLB during the 4th quarter worth about $238,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of SLB by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 146,587 shares of the oil and gas company’s stock valued at $6,127,000 after acquiring an additional 6,000 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of SLB by 21.8% in the 1st quarter. NewEdge Advisors LLC now owns 64,477 shares of the oil and gas company’s stock valued at $2,695,000 after acquiring an additional 11,527 shares in the last quarter. Finally, Ascent Group LLC increased its position in shares of SLB by 71.8% in the first quarter. Ascent Group LLC now owns 34,941 shares of the oil and gas company’s stock valued at $1,461,000 after acquiring an additional 14,599 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Insider Buying and Selling at SLB

In other SLB news, CFO Stephane Biguet sold 38,447 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $36.75, for a total transaction of $1,412,927.25. Following the completion of the sale, the chief financial officer directly owned 175,690 shares in the company, valued at $6,456,607.50. This trade represents a 17.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $37.69, for a total value of $2,261,400.00. Following the sale, the executive vice president owned 159,371 shares of the company’s stock, valued at approximately $6,006,692.99. This represents a 27.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 103,947 shares of company stock valued at $3,871,337 in the last three months. 0.22% of the stock is currently owned by company insiders.

SLB Stock Down 2.9%

SLB opened at $42.39 on Thursday. The stock’s fifty day simple moving average is $37.70 and its 200 day simple moving average is $35.69. SLB Limited has a 1-year low of $31.11 and a 1-year high of $45.15. The stock has a market cap of $63.32 billion, a PE ratio of 16.37 and a beta of 0.72. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40.

SLB (NYSE:SLB) last released its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $8.93 billion during the quarter, compared to analysts’ expectations of $8.99 billion. SLB had a net margin of 10.34% and a return on equity of 18.97%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 earnings per share. As a group, research analysts expect that SLB Limited will post 3.38 earnings per share for the current year.

SLB Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 3rd will be paid a $0.285 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 2.7%. SLB’s dividend payout ratio is 44.02%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SLB shares. Redburn Partners set a $48.00 price target on SLB in a research report on Monday, November 3rd. Citigroup increased their price objective on SLB from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, December 11th. TD Cowen raised their target price on shares of SLB from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Cowen reaffirmed a “buy” rating and set a $57.00 price target on shares of SLB in a research report on Thursday, December 11th. Finally, UBS Group increased their price target on shares of SLB from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.42.

More SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Evercore ISI upgraded SLB from “in-line” to “outperform” and raised its price target to $54 (from $38), signaling a sizable upside view from a major research shop — a direct bullish catalyst for the stock. Evercore upgrade coverage
• Positive Sentiment: U.S. plans to rebuild Venezuela’s oil infrastructure could create a multi‑billion-dollar opportunity for service providers like SLB, supporting medium‑to‑longer term revenue upside if U.S. involvement proceeds. Investopedia: Venezuela opportunity
• Positive Sentiment: Analysts and market pieces are flagging a potential $100B+ opportunity tied to Caracas restoration, which could materially expand addressable market for SLB’s services if realized. MarketBeat: Caracas catalyst
• Positive Sentiment: SLB announced a Canada distribution partnership with Motif Valve & Supply — a regional commercial move that should modestly improve local market access and execution. SLB Canada partnership
• Neutral Sentiment: Multiple analyst notes and an aggregate review of 13 ratings indicate active coverage and divergent views; this increases liquidity and volatility around news/earnings but doesn’t by itself determine direction. Benzinga analyst roundup
• Neutral Sentiment: SLB has an upcoming earnings date (Jan. 23) flagged by coverage as an important near-term catalyst; results will likely dictate the next directional move. Barchart: earnings calendar
• Negative Sentiment: A Zacks note highlighted that SLB declined more than the broader market in the recent session, reflecting short-term selling pressure and profit-taking after recent gains. Zacks: SLB declines

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.