California State Teachers Retirement System Sells 58,021 Shares of SLB Limited $SLB

California State Teachers Retirement System trimmed its holdings in shares of SLB Limited (NYSE:SLB) by 1.2% in the first quarter, HoldingsChannel reports. The firm owned 4,852,661 shares of the oil and gas company’s stock after selling 58,021 shares during the period. California State Teachers Retirement System’s holdings in SLB were worth $249,378,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Evergreen Advisors LLC acquired a new position in SLB in the first quarter worth $26,000. Costello Asset Management INC increased its stake in shares of SLB by 93.3% in the first quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 280 shares in the last quarter. MV Capital Management Inc. bought a new position in shares of SLB in the fourth quarter valued at about $28,000. Sound Income Strategies LLC raised its holdings in shares of SLB by 71.1% in the first quarter. Sound Income Strategies LLC now owns 780 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 324 shares during the last quarter. Finally, Steph & Co. lifted its position in SLB by 97.5% during the 4th quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock worth $31,000 after buying an additional 394 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

SLB has been the subject of several research reports. Citigroup lowered their price objective on shares of SLB from $68.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a $61.00 target price on shares of SLB in a research report on Tuesday, June 16th. Stifel Nicolaus increased their price target on shares of SLB from $61.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Wolfe Research initiated coverage on shares of SLB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $62.00 price target for the company. Finally, Sanford C. Bernstein boosted their price objective on shares of SLB from $56.10 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $61.35.

Insider Buying and Selling

In other news, Director La Chevardiere Patrick De sold 2,000 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $54.33, for a total value of $108,660.00. Following the transaction, the director owned 16,953 shares of the company’s stock, valued at $921,056.49. This represents a 10.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Steve Matthew Gassen sold 53,379 shares of SLB stock in a transaction on Friday, May 1st. The stock was sold at an average price of $56.18, for a total value of $2,998,832.22. Following the sale, the executive vice president directly owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. This trade represents a 52.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.16% of the stock is currently owned by company insiders.

SLB News Roundup

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB exceeded second-quarter expectations, reporting adjusted EPS of $0.55 versus the $0.51 consensus and revenue of $8.97 billion versus $8.67 billion. Sequential revenue growth, margin expansion and stronger cash-flow prospects have prompted analysts to raise forecasts. SLB Analysts Increase Their Forecasts After Upbeat Q2 Results
• Positive Sentiment: Several firms increased their targets: Morgan Stanley raised its target to $55 and kept an Overweight rating, while BMO lifted its target to $63 and maintained Outperform. Goldman Sachs reiterated Buy with a $62 target, citing international recovery and data-center-related digital expansion. Goldman Sachs SLB Rating
• Positive Sentiment: Analysts see a stronger 2027 outlook driven by offshore and deepwater activity, digital solutions, production gains from ChampionX and a gradual recovery in international markets. SLB’s Q4 outlook reportedly calls for revenue above $10 billion and an adjusted EBITDA margin of about 24%. SLB Growth Outlook
• Neutral Sentiment: Analyst consensus is broadly bullish, but the stock’s roughly $50 price remains near its 50-day and 200-day moving averages, suggesting investors are waiting for clearer evidence that the expected recovery will materialize.
• Negative Sentiment: Middle East well shutdowns and geopolitical uncertainty continue to weigh on near-term operations. Falling oil prices, potential delays in regional recovery and elevated net debt could limit earnings momentum and explain why some brokers previously reduced targets. SLB CEO Sends Clear Message on Oil Services Upcycle

SLB Stock Performance

Shares of NYSE:SLB opened at $50.00 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.05 and a debt-to-equity ratio of 0.41. SLB Limited has a 1-year low of $31.64 and a 1-year high of $58.82. The stock has a market capitalization of $74.76 billion, a P/E ratio of 24.16, a P/E/G ratio of 2.11 and a beta of 0.72. The business has a 50-day moving average price of $50.91 and a two-hundred day moving average price of $50.71.

SLB (NYSE:SLB) last issued its earnings results on Friday, July 24th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. SLB had a net margin of 8.53% and a return on equity of 14.05%. The company had revenue of $8.97 billion for the quarter, compared to analyst estimates of $8.67 billion. During the same quarter last year, the firm earned $0.74 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts predict that SLB Limited will post 2.49 earnings per share for the current year.

SLB Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 2nd will be paid a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.18 dividend on an annualized basis and a yield of 2.4%. SLB’s dividend payout ratio (DPR) is presently 57.00%.

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.