Arizona State Retirement System Sells 18,654 Shares of SLB Limited $SLB

Key Points

• Arizona State Retirement System sold 18,654 shares of SLB Limited, a 4.3% reduction, leaving it with 419,762 shares valued at about $16.11 million; institutional investors now own roughly 81.99% of the stock.
• SLB reported Q1 EPS of $0.52 (down year‑over‑year but beating consensus by $0.01) on $8.72 billion of revenue, with management calling it a “challenging start” as Middle East disruptions weighed on results.
• The company announced a quarterly dividend of $0.295 per share (≈2.1% yield), while several analysts raised price targets and the consensus rating is a “Moderate Buy” with an average target near $54.27.

Arizona State Retirement System reduced its position in SLB Limited (NYSE:SLB - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 419,762 shares of the oil and gas company's stock after selling 18,654 shares during the quarter. Arizona State Retirement System's holdings in SLB were worth $16,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of SLB. Diversified Enterprises LLC purchased a new position in shares of SLB in the fourth quarter worth $317,000. Kerusso Capital Management LLC lifted its holdings in shares of SLB by 74.2% in the fourth quarter. Kerusso Capital Management LLC now owns 131,546 shares of the oil and gas company's stock worth $5,049,000 after buying an additional 56,036 shares in the last quarter. WPG Advisers LLC lifted its holdings in shares of SLB by 98.5% in the fourth quarter. WPG Advisers LLC now owns 1,078 shares of the oil and gas company's stock worth $41,000 after buying an additional 535 shares in the last quarter. Torray Investment Partners LLC purchased a new position in shares of SLB in the fourth quarter worth $218,000. Finally, Davis Capital Management lifted its holdings in shares of SLB by 3.8% in the fourth quarter. Davis Capital Management now owns 21,748 shares of the oil and gas company's stock worth $835,000 after buying an additional 800 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

Key Stories Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB declared a quarterly dividend of $0.295 per share (annualized yield ~2.1%), with record/ex-dividend dates set — supports income investors and signals confidence in cash flow.
• Positive Sentiment: Company highlighted digital revenue growth and contributions from ChampionX, which helped Q1 results and underpins higher-margin service mix. SLB Q1 Earnings Beat on Digital Growth & ChampionX Contributions
• Positive Sentiment: SLB and peers say the Iran/region conflict is tightening supply and should push higher exploration and production spending — a potential multi-quarter demand tailwind for SLB’s services. SLB, Baker Hughes see oil exploration spending rising as Iran war disrupts supply
• Positive Sentiment: Market reports that SLB is seen as a potential acquirer of S&P Global’s subsurface oil software business — a strategic move that could expand software/digital recurring revenue (rumor-driven upside). SLB Seen Acquiring S&P Global’s Subsurface Oil Software Business
• Neutral Sentiment: Full Q1 earnings call transcript is available — useful for investors to assess management tone and any updated guidance. SLB N.V. (SLB) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: SLB filed an 8-K updating its regulatory approach — routine disclosure that may matter to institutional holders but is not an immediate earnings driver. Schlumberger Highlights Regulatory Approach in Latest 8-K Disclosure
• Negative Sentiment: Reported EPS was down year-over-year and some outlets note SLB missed the consensus cited by certain providers, with management calling it a “challenging start” as Middle East disruptions hit operations — this raises short-term outlook risk. Oilfield services provider SLB posts lower quarterly profit on Iran war hit
• Negative Sentiment: Headline coverage emphasized a Q1 profit decline and management caution, which initially pressured shares in some outlets despite the subsequent rally — highlights execution and regional-risk sensitivity. SLB Stock Tumbles on Earnings as CEO Cites ‘Challenging Start to the Year'

Analyst Upgrades and Downgrades

SLB has been the topic of a number of recent research reports. Sanford C. Bernstein upped their price target on shares of SLB from $52.30 to $56.10 and gave the company an "outperform" rating in a research note on Thursday, March 12th. Jefferies Financial Group upped their price target on shares of SLB from $51.00 to $58.00 and gave the company a "buy" rating in a research note on Sunday, February 1st. The Goldman Sachs Group upped their price target on shares of SLB from $53.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, March 4th. UBS Group reaffirmed a "buy" rating on shares of SLB in a research note on Tuesday, January 27th. Finally, Piper Sandler upped their price target on shares of SLB from $53.00 to $59.00 and gave the company an "overweight" rating in a research note on Wednesday, April 15th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $54.27.

SLB Stock Up 2.7%

NYSE:SLB opened at $56.20 on Friday. SLB Limited has a fifty-two week low of $31.64 and a fifty-two week high of $56.90. The stock has a market capitalization of $84.44 billion, a P/E ratio of 23.71, a P/E/G ratio of 3.76 and a beta of 0.69. 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 company's 50-day simple moving average is $50.27 and its 200-day simple moving average is $43.66.

SLB (NYSE:SLB - Get Free Report) last released its quarterly earnings results on Friday, April 24th. The oil and gas company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.01. SLB had a net margin of 9.45% and a return on equity of 17.45%. The business had revenue of $8.72 billion for the quarter, compared to analysts' expectations of $8.76 billion. During the same period last year, the business earned $0.72 EPS. The company's revenue was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that SLB Limited will post 2.67 earnings per share for the current fiscal year.

SLB Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, June 3rd. SLB's payout ratio is 49.79%.

Insider Activity

In related news, CAO Howard Guild sold 13,268 shares of the business's stock in a transaction 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 transaction, the chief accounting officer directly owned 22,407 shares in the company, valued at $1,113,627.90. The trade was a 37.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director La Chevardiere Patrick De sold 4,000 shares of the business's stock in a transaction on Monday, January 26th. The stock was sold at an average price of $50.29, for a total value of $201,160.00. Following the transaction, the director owned 19,525 shares in the company, valued at approximately $981,912.25. This trade represents a 17.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 156,902 shares of company stock worth $7,796,666 over the last quarter. Company insiders own 0.16% of the company's stock.

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.

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