Rockland Trust Co. Sells 446,305 Shares of SLB Limited $SLB

Key Points

• Rockland Trust Co. cut its stake in SLB by 93.6% in Q4, selling 446,305 shares and leaving 30,718 shares valued at $1.179 million.
• SLB beat Q4 estimates with EPS of $0.78 versus $0.74 and revenue of $9.75 billion (up 5% year-over-year), and analysts forecast about $3.38 in EPS for the current year.
• SLB raised its quarterly dividend to $0.295 (annualized $1.18, ~2.4% yield) amid insider selling of roughly 156,902 shares (~$7.8M) over the last three months, and the stock carries a consensus rating of Moderate Buy with an average target of $53.16 (Goldman Sachs at $60).

Rockland Trust Co. cut its stake in shares of SLB Limited (NYSE:SLB - Free Report) by 93.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,718 shares of the oil and gas company's stock after selling 446,305 shares during the quarter. Rockland Trust Co.'s holdings in SLB were worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of SLB by 23.3% during the third quarter. Vanguard Group Inc. now owns 185,374,879 shares of the oil and gas company's stock valued at $6,371,335,000 after purchasing an additional 35,057,313 shares during the period. State Street Corp grew its holdings in shares of SLB by 7.0% in the third quarter. State Street Corp now owns 83,617,999 shares of the oil and gas company's stock worth $2,898,037,000 after purchasing an additional 5,466,786 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of SLB by 25.2% in the third quarter. Dimensional Fund Advisors LP now owns 15,366,347 shares of the oil and gas company's stock worth $528,217,000 after buying an additional 3,094,764 shares during the period. Northern Trust Corp increased its stake in shares of SLB by 10.7% in the third quarter. Northern Trust Corp now owns 15,359,990 shares of the oil and gas company's stock worth $527,923,000 after buying an additional 1,490,859 shares during the period. Finally, Amundi raised its holdings in SLB by 24.4% during the 3rd quarter. Amundi now owns 14,198,874 shares of the oil and gas company's stock valued at $491,139,000 after buying an additional 2,783,134 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

SLB Stock Performance

Shares of SLB stock opened at $50.11 on Thursday. The firm has a market capitalization of $75.29 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 3.66 and a beta of 0.68. The stock has a fifty day moving average of $49.49 and a 200 day moving average of $41.65. SLB Limited has a 52 week low of $31.11 and a 52 week high of $54.80. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.36.

SLB (NYSE:SLB - Get Free Report) 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, beating analysts' consensus estimates of $0.74 by $0.04. SLB had a net margin of 9.45% and a return on equity of 17.45%. The business had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.54 billion. During the same period in the previous year, the firm earned $0.92 EPS. The company's quarterly revenue was up 5.0% compared to the same quarter last year. As a group, research analysts expect that SLB Limited will post 3.38 earnings per share for the current year.

SLB Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, February 11th will be given a dividend of $0.295 per share. This is an increase from SLB's previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, February 11th. SLB's dividend payout ratio is presently 49.79%.

Insider Activity at SLB

In other SLB news, EVP Abdellah Merad sold 60,000 shares of SLB 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 $2,982,000.00. Following the sale, the executive vice president directly owned 140,602 shares of the company's stock, valued at approximately $6,987,919.40. The trade was a 29.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stephane Biguet sold 61,017 shares of the company's stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $3,032,544.90. Following the transaction, the chief financial officer owned 155,548 shares in the company, valued at $7,730,735.60. This trade represents a 28.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 156,902 shares of company stock valued at $7,796,666 over the last three months. Corporate insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

SLB has been the subject of several analyst reports. The Goldman Sachs Group increased their price target on shares of SLB from $53.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, March 4th. Stifel Nicolaus set a $56.00 price objective on shares of SLB in a research report on Monday, January 26th. Piper Sandler upped their price objective on shares of SLB from $42.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, December 18th. BMO Capital Markets increased their target price on shares of SLB from $53.00 to $55.00 and gave the stock an "outperform" rating in a report on Monday, January 26th. Finally, UBS Group reissued a "buy" rating on shares of SLB in a research note on Tuesday, January 27th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $53.16.

Key Headlines Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB is expanding digital operations with Angolan producer Azule Energy, advancing its digital oilfield strategy that can improve field performance and deepen local ties — a tangible revenue/contract opportunity. Read More. Read More.
• Positive Sentiment: SLB is in talks with Egypt on horizontal drilling technologies to boost oil output — potential for service contracts and HTHP drilling work in a region with growing upstream activity. Read More.
• Positive Sentiment: Analyst support: BMO reaffirmed a Buy rating and a $55 price target, citing structural strength and valuation upside amid temporary regional disruptions — this underpins investor confidence. Read More.
• Positive Sentiment: Momentum note — coverage highlighting SLB reaching a new 52-week high signals recent investor demand and validates the stock’s stronger trend prior to today’s pullback. Read More.
• Neutral Sentiment: Macro/peer context: A broader piece notes Goldman Sachs is bullish on several dividend-paying energy names; if SLB is included in such thematic buys it would be supportive, but the mention is not a direct corporate development. Read More.
• Neutral Sentiment: General coverage and quote pages (e.g., CNN Markets) provide market data and context but do not add fresh catalysts. Read More.
• Negative Sentiment: Market action: Multiple reports note SLB shares dipped while the broader market gained — a sign of near-term profit-taking or sector rotation weighing on the stock today. Read More.

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.

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