Voya Investment Management LLC Decreases Stock Position in SLB Limited $SLB

Voya Investment Management LLC reduced its holdings in shares of SLB Limited (NYSE:SLB) by 24.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 263,821 shares of the oil and gas company’s stock after selling 86,948 shares during the period. Voya Investment Management LLC’s holdings in SLB were worth $9,068,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of SLB in the second quarter valued at approximately $25,000. Atticus Wealth Management LLC purchased a new stake in SLB in the 2nd quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in SLB by 55.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 350 shares during the last quarter. NewSquare Capital LLC increased its position in SLB by 51.4% during the second quarter. NewSquare Capital LLC now owns 1,004 shares of the oil and gas company’s stock worth $34,000 after buying an additional 341 shares in the last quarter. Finally, Rise Advisors LLC raised its holdings in shares of SLB by 63.9% in the third quarter. Rise Advisors LLC now owns 1,421 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 554 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB News Roundup

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB won a multi‑year, multi‑billion dollar contract from Saudi Aramco to provide stimulation, well intervention, frac automation and digital solutions for unconventional gas development — a large, long‑term revenue stream and strategic win in a key growth market. Read More.
• Positive Sentiment: Heavy call‑option buying suggests some investors are positioning for upside: ~72,848 calls traded in a single session (about a 167% jump versus typical volume), which can amplify near‑term upside interest. (trade data entry)
• Positive Sentiment: Sell‑side support remains constructive — UBS reiterated a Buy with a $50 target and BMO reiterated Buy, citing international/offshore upside and digital‑led margin strength; these ratings can support sentiment and push upside as execution proves out. Read More.
• Neutral Sentiment: Coverage pieces revisiting SLB’s valuation after a steady share rebound flag both upside from rerating and valuation questions — useful for investors assessing whether current multiples already reflect the Aramco deal and digital growth. Read More.
• Neutral Sentiment: Media and regional outlets report the same Aramco award (Investing.com, Upstream, regional papers), reinforcing that this is a confirmed, material contract; multiple confirmations reduce execution‑risk uncertainty but leave focus on delivery terms and timing. Read More. | Read More.

SLB Stock Down 0.4%

Shares of SLB opened at $38.17 on Wednesday. SLB Limited has a fifty-two week low of $31.11 and a fifty-two week high of $44.66. The company’s fifty day moving average is $36.58 and its two-hundred day moving average is $35.38. The firm has a market cap of $57.03 billion, a PE ratio of 14.74 and a beta of 0.73. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.40.

SLB (NYSE:SLB) last issued its earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.02. SLB had a return on equity of 18.97% and a net margin of 10.34%.The business had revenue of $8.93 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period last year, the company posted $0.89 EPS. The business’s quarterly revenue was down 2.5% on a year-over-year basis. Analysts forecast that SLB Limited will post 3.38 earnings per share for the current year.

SLB Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 3rd will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, December 3rd. SLB’s payout ratio is currently 44.02%.

Insider Transactions at SLB

In other SLB news, Director Peter John Coleman sold 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $35.82, for a total transaction of $197,010.00. Following the completion of the sale, the director directly owned 18,671 shares in the company, valued at $668,795.22. The trade was a 22.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephane Biguet sold 38,447 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $36.75, for a total transaction of $1,412,927.25. Following the completion of the sale, the chief financial officer directly owned 175,690 shares of the company’s stock, valued at $6,456,607.50. The trade was a 17.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 103,947 shares of company stock worth $3,871,337. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SLB. Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price target on shares of SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, October 20th. UBS Group upped their price objective on shares of SLB from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Zacks Research raised shares of SLB from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Redburn Partners set a $48.00 price target on SLB in a report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.42.

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.