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HOUSTON—Raman Aparna, Chief Strategy and Marketing Officer at Schlumberger Limited (NYSE:SLB), recently sold 25,133 shares of the company’s common stock. The shares were sold at an average price of $42.28, amounting to a total transaction value of approximately $1.06 million. Following this sale, Aparna retains direct ownership of 31,031 shares in the $57.37 billion oilfield services giant. Additionally, there are 1,951 shares held indirectly through a spouse.According to InvestingPro data, SLB maintains strong financial health with a P/E ratio of 13.4x and has maintained dividend payments for 55 consecutive years. Analysts remain bullish on the stock, with price targets ranging from $44 to $64.
This transaction was executed in multiple trades, with share prices ranging from $42.15 to $42.50, according to the company’s disclosure. The sale reflects Aparna’s continued involvement in managing her equity holdings in the company. Get access to more detailed insider trading analysis and 8 additional key insights about SLB through InvestingPro’s comprehensive research reports.
In other recent news, SLB has secured a significant drilling contract from Woodside (OTC:WOPEY) Energy for the Trion development project offshore Mexico. This contract involves the delivery of 18 ultra-deepwater wells over three years, starting in early 2026, utilizing AI-enabled drilling capabilities. Additionally, SLB Capturi, a joint venture with Aker Carbon Capture, has been awarded a contract for a carbon capture and storage solution at a waste-to-energy plant in Oslo, Norway, with the project expected to be completed by 2029. Meanwhile, Jefferies has adjusted its price target for SLB to $59, maintaining a Buy rating, while RBC Capital Markets has reduced its price target to $55 but retains an Outperform rating. RBC Capital highlighted the approval of SLB’s CHX acquisition, though regulatory reviews in Norway may delay the closing. Furthermore, SLB is undergoing a business restructuring, establishing a new performance function and continuing workforce reductions to focus on cost-saving initiatives amid concerns of an oversupplied oil market. These developments reflect ongoing strategic adjustments and new opportunities for SLB in the energy sector.
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