Hussman Strategic Advisors Inc. acquired a new position in SLB Limited (NYSE:SLB – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 42,000 shares of the oil and gas company’s stock, valued at approximately $1,444,000.
Several other hedge funds and other institutional investors have also bought and sold shares of SLB. Hedges Asset Management LLC increased its holdings in shares of SLB by 0.9% in the 3rd quarter. Hedges Asset Management LLC now owns 35,000 shares of the oil and gas company’s stock valued at $1,203,000 after acquiring an additional 300 shares during the period. Legacy Wealth Asset Management LLC raised its holdings in SLB by 2.2% in the second quarter. Legacy Wealth Asset Management LLC now owns 14,382 shares of the oil and gas company’s stock worth $486,000 after purchasing an additional 308 shares in the last quarter. NewSquare Capital LLC lifted its position in shares of 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 buying an additional 341 shares during the last quarter. Choreo LLC boosted its holdings in shares of SLB by 0.8% in the 2nd quarter. Choreo LLC now owns 45,222 shares of the oil and gas company’s stock valued at $1,541,000 after buying an additional 357 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of SLB by 2.3% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 16,062 shares of the oil and gas company’s stock worth $543,000 after buying an additional 365 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.
Insiders Place Their Bets
In other news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction on Monday, January 26th. The shares were sold at an average price of $49.70, for a total value of $2,982,000.00. Following the sale, the executive vice president owned 140,602 shares in the company, valued at $6,987,919.40. This represents a 29.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dianne B. Ralston sold 18,617 shares of the business’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $49.50, for a total transaction of $921,541.50. Following the transaction, the insider owned 224,097 shares of the company’s stock, valued at $11,092,801.50. This represents a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 260,849 shares of company stock worth $11,668,003. Company insiders own 0.22% of the company’s stock.
Wall Street Analysts Forecast Growth
Key SLB News
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
Shares of SLB opened at $48.87 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a 50-day moving average of $40.97 and a two-hundred day moving average of $36.98. The stock has a market cap of $73.07 billion, a P/E ratio of 20.62, a P/E/G ratio of 3.43 and a beta of 0.72. SLB Limited has a one year low of $31.11 and a one year high of $51.67.
SLB (NYSE:SLB – Get Free Report) last announced its quarterly earnings data 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 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 company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. As a group, research analysts predict that SLB Limited will post 3.38 EPS for the current year.
SLB Increases Dividend
The firm also recently disclosed 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. This represents a $1.18 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, February 11th. This is a positive change from SLB’s previous quarterly dividend of $0.29. SLB’s dividend payout ratio (DPR) is presently 48.10%.
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.
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