Insider Selling: SLB (NYSE:SLB) CAO Sells 13,268 Shares of Stock

SLB Limited (NYSE:SLB) CAO Howard Guild sold 13,268 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $49.70, for a total value of $659,419.60. Following the completion of the sale, the chief accounting officer owned 22,407 shares in the company, valued at $1,113,627.90. The trade was a 37.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

SLB Stock Performance

NYSE SLB traded up $1.00 during trading on Tuesday, reaching $50.70. 17,295,012 shares of the company’s stock were exchanged, compared to its average volume of 24,034,680. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.98. The business has a 50 day moving average price of $40.42 and a 200-day moving average price of $36.80. SLB Limited has a fifty-two week low of $31.11 and a fifty-two week high of $51.67. The stock has a market capitalization of $75.74 billion, a P/E ratio of 21.39 and a beta of 0.72.

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

SLB Increases Dividend

The firm 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 is a boost from SLB’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a yield of 2.3%. SLB’s dividend payout ratio is currently 49.79%.

Hedge Funds Weigh In On SLB

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC acquired a new position in SLB during the 2nd quarter worth approximately $25,000. Root Financial Partners LLC acquired a new stake in SLB in the third quarter valued at approximately $29,000. Corsicana & Co. bought a new stake in shares of SLB during the third quarter valued at approximately $31,000. Strengthening Families & Communities LLC acquired a new position in shares of SLB during the third quarter worth approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SLB in the 4th quarter worth $31,000. Institutional investors own 81.99% of the company’s stock.

SLB News Summary

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Major brokerages raised ratings and price targets (JPMorgan raised target to $54, RBC to $54, Susquehanna to $58, BofA to $55, BMO to $55), signaling stronger earnings/market expectations and providing upside to the current price. Benzinga coverage RBC / The Fly
• Positive Sentiment: Argus upgraded SLB to a “strong-buy,” adding independent analyst support for near-term upside. Zacks/Argus note
• Neutral Sentiment: Analytical coverage raising questions about valuation vs. SLB’s role in evolving energy markets and its exposure to international revenue — useful context for investors assessing longer-term multiples and geographic risk. Yahoo finance: Pricing piece Zacks: International revenue trends
• Negative Sentiment: SLB and Aker Carbon Capture reported a loss on a carbon-capture project, which may weigh on margins for that business line and raises execution risk in CC ventures. Upstream: carbon-capture loss
• Negative Sentiment: A company director (Patrick De La Chevardière) sold 4,000 shares at about $50.29, reducing his stake ~17% (retains 19,525 shares). Insider selling can be viewed negatively even if it may reflect personal liquidity rather than company outlook. SEC filing: SEC Form 4

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Loop Capital set a $48.00 price objective on shares of SLB in a research note on Tuesday. Sanford C. Bernstein lifted their target price on shares of SLB from $47.60 to $52.30 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. Royal Bank Of Canada upped their price target on shares of SLB from $51.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday. Argus upgraded SLB to a “strong-buy” rating in a report on Monday. Finally, Bank of America boosted their price objective on SLB from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.