Public Employees Retirement System of Ohio Invests $26.46 Million in SLB Limited $SLB

Posted by Brian Himes on Aug 29th, 2026

Public Employees Retirement System of Ohio purchased a new stake in shares of SLB Limited (NYSE:SLB – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 569,257 shares of the oil and gas company’s stock, valued at approximately $26,465,000.

Several other institutional investors have also added to or reduced their stakes in SLB. Abel Hall LLC raised its stake in shares of SLB by 2.7% during the first quarter. Abel Hall LLC now owns 7,535 shares of the oil and gas company’s stock valued at $387,000 after acquiring an additional 198 shares during the last quarter. E Fund Management Co. Ltd. increased its position in SLB by 3.6% during the 2nd quarter. E Fund Management Co. Ltd. now owns 5,712 shares of the oil and gas company’s stock valued at $266,000 after purchasing an additional 199 shares during the period. Private Wealth Asset Management LLC raised its holdings in SLB by 4.1% in the 4th quarter. Private Wealth Asset Management LLC now owns 5,041 shares of the oil and gas company’s stock worth $193,000 after purchasing an additional 200 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in SLB by 9.3% in the first quarter. Capital Advisors Ltd. LLC now owns 2,503 shares of the oil and gas company’s stock worth $129,000 after buying an additional 214 shares during the period. Finally, Ballentine Partners LLC lifted its stake in shares of SLB by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 10,288 shares of the oil and gas company’s stock valued at $395,000 after purchasing an additional 218 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

SLB Price Performance

Shares of NYSE:SLB opened at $57.40 on Friday. The firm’s 50 day moving average price is $49.70 and its 200-day moving average price is $51.41. SLB Limited has a twelve month low of $31.64 and a twelve month high of $58.82. The company has a quick ratio of 1.05, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $85.19 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 3.63 and a beta of 0.73.

SLB (NYSE:SLB – Get Free Report) last announced its earnings results on Saturday, July 25th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. SLB had a net margin of 8.53% and a return on equity of 14.05%. The company had revenue of $8.97 billion during the quarter, compared to analyst estimates of $8.67 billion. During the same period in the previous year, the business posted $0.74 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts expect that SLB Limited will post 2.5 EPS for the current year.

SLB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, September 2nd. SLB’s dividend payout ratio (DPR) is currently 57.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SLB. Barclays upped 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, July 27th. UBS Group cut their price objective on shares of SLB from $69.00 to $66.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Jefferies Financial Group reissued a “buy” rating and set a $66.00 price target on shares of SLB in a research report on Sunday, July 26th. Morgan Stanley increased their price objective on SLB from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Finally, Susquehanna lifted their price target on shares of SLB from $55.00 to $62.00 and gave the stock a “positive” rating in a research note on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.35.

Check Out Our Latest Stock Report on SLB

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.