Gabelli Funds LLC boosted its position in SLB Limited (NYSE:SLB – Free Report) by 1.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 761,324 shares of the oil and gas company’s stock after acquiring an additional 11,601 shares during the period. Gabelli Funds LLC’s holdings in SLB were worth $39,124,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abel Hall LLC lifted its stake in shares of SLB by 2.7% during the 1st quarter. Abel Hall LLC now owns 7,535 shares of the oil and gas company’s stock valued at $387,000 after buying an additional 198 shares in the last quarter. Private Wealth Asset Management LLC raised its holdings in SLB by 4.1% during the 4th quarter. Private Wealth Asset Management LLC now owns 5,041 shares of the oil and gas company’s stock valued at $193,000 after acquiring an additional 200 shares during the period. Capital Advisors Ltd. LLC lifted its position in shares of SLB by 9.3% during the first quarter. Capital Advisors Ltd. LLC now owns 2,503 shares of the oil and gas company’s stock worth $129,000 after acquiring an additional 214 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of SLB by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 10,288 shares of the oil and gas company’s stock worth $395,000 after acquiring an additional 218 shares in the last quarter. Finally, Davis Capital Management boosted its stake in SLB by 1.0% in the 1st quarter. Davis Capital Management now owns 21,968 shares of the oil and gas company’s stock worth $1,129,000 after purchasing an additional 220 shares during the period. Institutional investors own 81.99% of the company’s stock.
More SLB News
Here are the key news stories impacting SLB this week:
- Positive Sentiment: SLB reported Q2 adjusted EPS of $0.55, ahead of estimates of $0.51, on revenue of $8.97 billion versus expectations of $8.67 billion. SLB (NYSE:SLB) Beats Expectations in Strong Q2 CY2026
- Positive Sentiment: Management pointed to higher offshore activity and growth in Digital and Production Systems, which helped drive the quarter and support the outlook. SLB Posts Higher Revenue on Increased Offshore Activity, Data-Center Demand
- Positive Sentiment: SLB’s expanding data-center power and infrastructure push is being viewed as an additional growth vector, adding to investor optimism. What SLB (SLB)’s AI Data Center Power Push and Baleine Win Means For Shareholders
- Neutral Sentiment: Revenue still declined year over year, so the quarter was solid but not a return to broad-based growth. Top US oilfield services firm SLB beats quarterly profit estimates
- Neutral Sentiment: Middle East disruptions remain a headwind, but resilient demand in other regions is currently outweighing that pressure. SLB Stock Rises on Earnings Beat as Strong Activity Offsets Middle East Disruption
Insiders Place Their Bets
SLB Stock Performance
Shares of SLB opened at $52.43 on Friday. SLB Limited has a 12-month low of $31.64 and a 12-month high of $58.82. 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 company has a market cap of $78.39 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.91 and a beta of 0.72. The stock has a 50-day moving average price of $51.16 and a 200-day moving average price of $50.55.
SLB (NYSE:SLB – Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The oil and gas company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $8.97 billion for the quarter, compared to analysts’ expectations of $8.67 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. SLB’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. As a group, equities analysts forecast that SLB Limited will post 2.52 earnings per share for the current fiscal year.
SLB Announces Dividend
The business also recently declared 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. This represents a $1.18 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 2nd. SLB’s payout ratio is currently 51.53%.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Stifel Nicolaus boosted their price objective 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. Barclays lowered their target price on shares of SLB from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Piper Sandler raised their price target on shares of SLB from $53.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Jefferies Financial Group restated a “buy” rating and set a $65.00 price target on shares of SLB in a research report on Sunday, April 26th. Finally, Susquehanna decreased their price target on shares of SLB from $65.00 to $55.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.30.
Read Our Latest Analysis on SLB
SLB Company 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.
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