Griffin Asset Management Inc. Trims Stock Position in SLB Limited $SLB

Posted by Brenda Bartman on May 21st, 2026

Griffin Asset Management Inc. cut its stake in SLB Limited (NYSE:SLB – Free Report) by 15.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 58,550 shares of the oil and gas company’s stock after selling 10,800 shares during the quarter. Griffin Asset Management Inc.’s holdings in SLB were worth $2,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Steph & Co. increased its stake in SLB by 97.5% in the fourth quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 394 shares during the period. Strategic Wealth Advisors LLC acquired a new position in SLB in the fourth quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SLB in the fourth quarter valued at $31,000. Root Financial Partners LLC acquired a new position in SLB in the third quarter valued at $29,000. Finally, Eagle Bay Advisors LLC acquired a new position in SLB in the fourth quarter valued at $34,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SLB has been the topic of a number of recent research reports. Susquehanna lifted their price objective on shares of SLB from $60.00 to $65.00 and gave the company a “positive” rating in a research note on Monday, April 27th. Argus upgraded shares of SLB to a “strong-buy” rating in a research note on Monday, January 26th. UBS Group lifted their price objective on shares of SLB from $61.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Morgan Stanley set a $57.00 price objective on shares of SLB in a research note on Monday, April 27th. Finally, Barclays lifted their price objective on shares of SLB from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.74.

Get Our Latest Report on SLB

Insider Activity

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

SLB Trading Up 0.8%

Shares of SLB opened at $57.22 on Thursday. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average is $52.03 and its two-hundred day moving average is $46.21. SLB Limited has a twelve month low of $31.64 and a twelve month high of $57.70. The firm has a market capitalization of $85.54 billion, a P/E ratio of 24.99, a PEG ratio of 2.30 and a beta of 0.72.

SLB (NYSE:SLB – Get Free Report) last issued its earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. SLB had a net margin of 9.26% and a return on equity of 15.54%. The company had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.76 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts predict that SLB Limited will post 2.61 earnings per share for the current fiscal year.

SLB Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, June 3rd. SLB’s dividend payout ratio is presently 51.53%.

SLB Company Profile

(Free Report)

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.