Sumitomo Mitsui Trust Group Inc. Cuts Holdings in SLB Limited $SLB

Key Points

• Sumitomo Mitsui Trust Group trimmed its SLB stake by 2.8% in Q4, selling 117,046 shares and leaving it with 4,053,803 shares (~0.27%) valued at about $155.6 million.
• SLB beat Q4 estimates (EPS $0.78 vs. $0.74; revenue $9.75B vs. $9.54B) and raised its quarterly dividend to $0.295 (annualized $1.18, ~2.3% yield).
• Insider and institutional activity: insiders sold 156,902 shares (~$7.8M) in the last 90 days (including CFO Stephane Biguet's 61,017-share sale), institutional investors own ~82% of the stock, and analysts' consensus is a "Moderate Buy" with an average target of $53.27.

Sumitomo Mitsui Trust Group Inc. decreased its position in SLB Limited (NYSE:SLB - Free Report) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,053,803 shares of the oil and gas company's stock after selling 117,046 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.27% of SLB worth $155,585,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in SLB in the fourth quarter valued at $31,000. Root Financial Partners LLC purchased a new position in SLB in the third quarter valued at $29,000. Corsicana & Co. purchased a new stake in shares of SLB during the third quarter worth about $31,000. Strengthening Families & Communities LLC purchased a new stake in shares of SLB during the third quarter worth about $31,000. Finally, SouthState Bank Corp increased its stake in shares of SLB by 57.4% during the third quarter. SouthState Bank Corp now owns 1,212 shares of the oil and gas company's stock worth $42,000 after purchasing an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

SLB Stock Performance

SLB opened at $51.97 on Monday. The firm has a market capitalization of $78.08 billion, a PE ratio of 21.93, a PEG ratio of 3.72 and a beta of 0.69. SLB Limited has a twelve month low of $31.64 and a twelve month high of $54.80. The firm's 50-day moving average price is $49.72 and its 200 day moving average price is $42.49. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36.

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

SLB Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Wednesday, February 11th were given a dividend of $0.295 per share. The ex-dividend date was Wednesday, February 11th. This is a boost from SLB's previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a yield of 2.3%. SLB's dividend payout ratio (DPR) is presently 49.79%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Argus raised shares of SLB to a "strong-buy" rating in a research note on Monday, January 26th. Loop Capital set a $48.00 target price on shares of SLB in a research note on Tuesday, January 27th. Susquehanna boosted their target price on shares of SLB from $56.00 to $60.00 and gave the stock a "positive" rating in a research note on Tuesday, April 7th. The Goldman Sachs Group boosted their target price on shares of SLB from $53.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, March 4th. Finally, BMO Capital Markets boosted their target price on shares of SLB from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, SLB has an average rating of "Moderate Buy" and an average price target of $53.27.

Key Headlines Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB OneSubsea won a contract to deliver a high‑pressure, high‑temperature (HPHT) multiphase boosting system for the Shenandoah deepwater field — a high‑value subsea award that should add backlog, reinforce SLB’s deepwater tech leadership and support higher‑margin service revenue. SLB OneSubsea secures subsea boosting deal for Shenandoah field
• Positive Sentiment: SLB completed its acquisition of Norway’s HydraWell Intervention AS, adding proprietary plug‑and‑abandonment and integrity remediation tech — expands SLB’s addressable market in well decommissioning and could improve long‑term service pricing and recurring revenue opportunities (article notes some investor debate around valuation). SLB HydraWell Deal Expands Well Decommissioning Role And Valuation Debate
• Positive Sentiment: SLB expanded its offshore footprint via partnerships and digital deals (including activity with PETRONAS, Subsea7 in Suriname and digital operations in Angola) — broadens regional exposure and digital service offerings that can drive higher utilization and recurring software/monitoring revenue. SLB Signs PETRONAS Subsea Deal, Expands Digital Operations in Angola
• Positive Sentiment: Coverage and investor interest: a Susquehanna analyst published a bullish note expecting SLB shares to rise, and inclusion/visibility via Russell 1000 ETF exposure may attract passive flows — both can support near‑term demand for the stock. SLB Stock Price Expected to Rise, Susquehanna Analyst Says Russell 1000 ETF Exposure
• Positive Sentiment: Corporate governance: shareholders strongly supported SLB’s 2026 annual meeting proposals — continuity for management strategy and capital allocation reduces execution risk. SLB Shareholders Strongly Support 2026 Annual Meeting Proposals
• Neutral Sentiment: Sector performance piece comparing Q4 results provides context on SLB versus peers — useful for benchmarking but not an immediate stock catalyst. Winners And Losers Of Q4: SLB Vs The Rest Of The Oilfield Services Stocks
• Negative Sentiment: Macro/headline risk: reports that a ceasefire in Iran pushed energy prices lower could weigh on oilfield activity and dayrates if sustained — a headwind for cyclical services demand even though some repair/maintenance opportunities may emerge. Iran’s Ceasefire Sends Energy Lower. Why Oil Services Stocks Are Holding Up.

Insider Activity

In related news, CFO Stephane Biguet sold 61,017 shares of the business's stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $49.70, for a total transaction of $3,032,544.90. Following the transaction, the chief financial officer directly owned 155,548 shares in the company, valued at approximately $7,730,735.60. The trade was a 28.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director La Chevardiere Patrick De sold 4,000 shares of the business's stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $50.29, for a total transaction of $201,160.00. Following the transaction, the director owned 19,525 shares in the company, valued at $981,912.25. The trade was a 17.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 156,902 shares of company stock valued at $7,796,666 in the last ninety days. 0.16% of the stock is currently owned by corporate insiders.

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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