New Jersey, October 26, 2025
The State of New Jersey Pension Fund has decided to increase its shares in SLB Limited, indicating a positive outlook on the recovery of the energy sector. This strategic acquisition highlights confidence in the potential growth of oilfield services amid changing global market dynamics. As energy prices fluctuate, this move reflects the pension fund’s commitment to capitalize on emerging opportunities within the oil industry.
Trenton, New Jersey – The State of New Jersey Common Pension Fund D has increased its investment in Schlumberger Limited (NYSE: SLB), indicating a strong belief in the ongoing recovery of the energy sector.
Investment Details
In the third quarter of 2025, the fund acquired an additional 126,150 shares of Schlumberger, valued at approximately $4.39 million based on the average share price during that period. This raises the fund’s total holdings in Schlumberger to 330,550 shares, which accounts for 1.5% of its assets under management as of September 30, 2025.
Schlumberger’s Financial Performance
Schlumberger reported a second-quarter earnings per share (EPS) of $0.74, exceeding analyst expectations. Despite a 6.5% decline in revenue compared to the prior year, the company has demonstrated resilience within the oilfield services market.
Dividend Information
The company has announced a quarterly dividend of $0.285 per share, with the next payment scheduled for October 9, 2025. This dividend yields an annualized rate of 3.5% based on current share prices.
Background on Schlumberger
Schlumberger stands as a global leader in technology and integrated solutions for the energy industry, offering various services across the exploration and production lifecycle. Their diverse portfolio encompasses digital solutions, well construction, reservoir performance, and production systems, servicing a broad spectrum of clients, including major international oil and gas producers and independent operators.
Market Performance
As of October 24, 2025, Schlumberger’s stock (NYSE: SLB) closed at $35.83 per share, reflecting a slight decrease of 0.53% from the previous close. The trading for the day hit a high of $36.64 and a low of $35.80, with a total volume of 17,000,595 shares traded.
Conclusion
The increase in investment by the State of New Jersey Common Pension Fund D is a clear signal of a positive outlook on the energy sector’s recovery. Schlumberger’s strong financial performance and consistent dividend payouts further enhance its attractiveness to institutional investors.
Frequently Asked Questions (FAQ)
What is the State of New Jersey Common Pension Fund D?
The State of New Jersey Common Pension Fund D is a public pension fund that manages retirement assets for public employees in New Jersey.
What is Schlumberger Limited?
Schlumberger Limited is a global leader in technology and integrated solutions for the energy industry, offering services across the exploration and production lifecycle.
Why did the State of New Jersey Common Pension Fund D increase its investment in Schlumberger?
The fund increased its investment in Schlumberger to signal confidence in the energy sector’s recovery and to capitalize on potential growth opportunities in the oilfield services market.
What is Schlumberger’s recent financial performance?
Schlumberger reported a second-quarter earnings per share (EPS) of $0.74, exceeding analyst expectations, despite a 6.5% decline in revenue compared to the previous year.
What is Schlumberger’s dividend yield?
Schlumberger announced a quarterly dividend of $0.285 per share, yielding an annualized rate of 3.5% based on current share prices.
Key Features
| Feature | Details |
|---|---|
| Investment Increase | State of New Jersey Common Pension Fund D acquired an additional 126,150 shares of Schlumberger, valued at approximately $4.39 million in Q3 2025. |
| Total Holdings | The fund’s total holdings in Schlumberger now amount to 330,550 shares, representing 1.5% of its assets under management as of September 30, 2025. |
| Financial Performance | Schlumberger reported a Q2 EPS of $0.74, exceeding analyst expectations, despite a 6.5% decline in revenue compared to the previous year. |
| Dividend Yield | Schlumberger announced a quarterly dividend of $0.285 per share, yielding an annualized rate of 3.5% based on current share prices. |
| Market Performance | As of October 24, 2025, Schlumberger’s stock closed at $35.83 per share, reflecting a slight decrease of 0.53% from the previous close. |
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