SLB Limited $SLB Shares Sold by Groupama Asset Managment

Posted by Francis Steltz on Aug 1st, 2026

Groupama Asset Managment lessened its holdings in shares of SLB Limited (NYSE:SLB – Free Report) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 518,117 shares of the oil and gas company’s stock after selling 10,690 shares during the quarter. Groupama Asset Managment’s holdings in SLB were worth $26,626,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Evergreen Advisors LLC purchased a new stake in shares of SLB in the first quarter valued at $26,000. MV Capital Management Inc. purchased a new position in SLB during the fourth quarter worth about $28,000. Strategic Wealth Advisors LLC acquired a new stake in SLB in the 4th quarter worth about $30,000. Costello Asset Management INC boosted its stake in SLB by 93.3% in the 1st quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock worth $30,000 after buying an additional 280 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SLB in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Activity at SLB

In other news, Director La Chevardiere Patrick De sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $54.33, for a total value of $108,660.00. Following the transaction, the director owned 16,953 shares of the company’s stock, valued at approximately $921,056.49. This trade represents a 10.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays raised their target price on shares of SLB from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday. Jefferies Financial Group reaffirmed a “buy” rating and set a $66.00 price target on shares of SLB in a research report on Sunday, July 26th. Stifel Nicolaus increased their price target on shares of SLB from $61.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Susquehanna lifted their price target on shares of SLB from $55.00 to $62.00 and gave the company a “positive” rating in a report on Monday. Finally, BMO Capital Markets boosted their price objective on shares of SLB from $59.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, SLB currently has an average rating of “Moderate Buy” and an average price target of $61.35.

Read Our Latest Stock Report on SLB

SLB Stock Up 1.4%

Shares of NYSE:SLB opened at $49.58 on Friday. The stock has a 50-day simple moving average of $50.43 and a 200-day simple moving average of $50.76. The stock has a market capitalization of $73.59 billion, a P/E ratio of 23.95, a PEG ratio of 3.24 and a beta of 0.72. SLB Limited has a 1 year low of $31.64 and a 1 year high of $58.82. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.05 and a current ratio of 1.44.

SLB (NYSE:SLB – Get Free Report) last posted its quarterly earnings results on Saturday, July 25th. The oil and gas company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. The firm had revenue of $8.97 billion for the quarter, compared to analyst estimates of $8.67 billion. SLB had a net margin of 8.53% and a return on equity of 14.05%. SLB’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share. Equities analysts forecast that SLB Limited will post 2.49 earnings per share for the current year.

SLB Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 2nd will be given a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.18 annualized dividend and a dividend yield of 2.4%. SLB’s dividend payout ratio is presently 57.00%.

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.