Smithbridge Asset Management Inc. DE Sells 33,313 Shares of SLB Limited $SLB

Posted by Geri Gentry on Jul 2nd, 2026

Smithbridge Asset Management Inc. DE lowered its stake in SLB Limited (NYSE:SLB – Free Report) by 51.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,027 shares of the oil and gas company’s stock after selling 33,313 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in SLB were worth $1,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SLB. Fearnley Asset Management AS bought a new position in shares of SLB during the fourth quarter valued at about $8,574,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of SLB by 4.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,141,868 shares of the oil and gas company’s stock worth $126,303,000 after purchasing an additional 128,660 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of SLB in the first quarter worth about $47,528,000. Cibc World Market Inc. increased its holdings in SLB by 48.7% during the 4th quarter. Cibc World Market Inc. now owns 1,367,063 shares of the oil and gas company’s stock valued at $52,468,000 after purchasing an additional 447,667 shares during the period. Finally, Oppenheimer & Co. Inc. increased its holdings in SLB by 65.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 205,796 shares of the oil and gas company’s stock valued at $7,898,000 after purchasing an additional 81,045 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SLB

In related news, Director La Chevardiere Patrick De sold 2,000 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $54.33, for a total value of $108,660.00. Following the sale, the director directly owned 16,953 shares of the company’s stock, valued at $921,056.49. This represents a 10.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Steve Matthew Gassen sold 53,379 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $56.18, for a total value of $2,998,832.22. Following the completion of the transaction, the executive vice president owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. This trade represents a 52.96% decrease in their position. The SEC filing for this sale provides additional information. 0.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on SLB. Susquehanna increased their price objective on SLB from $60.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, April 27th. Wall Street Zen cut SLB from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Citigroup decreased their target price on SLB from $68.00 to $63.00 and set a “buy” rating for the company in a report on Wednesday. TD Cowen dropped their price target on SLB from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Evercore reiterated an “outperform” rating and issued a $64.00 price target on shares of SLB in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.17.

Read Our Latest Report on SLB

SLB News Roundup

Here are the key news stories impacting SLB this week:

Positive Sentiment: SLB won a seven-year contract from Kuwait Oil Company under the Ahmadi Innovation Valley initiative, a deal that should support applied research, technology deployment and digital innovation work over a long period. SLB Awarded Seven-Year Contract Under Kuwait Oil Company’s Ahmadi Innovation Valley Initiative
Positive Sentiment: Industrial Realty Group said SLB expanded its long-term lease in Shreveport, showing continued operational growth and commitment to the site. IRG Expands Long-Term Lease with SLB in Shreveport, LA
Positive Sentiment: Citigroup lowered its price target to $63 from $68, but kept a Buy rating, signaling the stock still has meaningful upside from current levels. Benzinga report on Citigroup price target cut
Neutral Sentiment: Several commentary pieces argued SLB may be oversold after a sharp multi-week selloff, with analysts still revising earnings estimates higher; this could help support a rebound, but it is not a direct catalyst. Down 15.3% in 4 Weeks, Here’s Why You Should You Buy the Dip in SLB (SLB)
Neutral Sentiment: Multiple articles compared SLB with other stocks on valuation, which is generally more of a discussion topic than a direct stock-moving event. SLB vs. NPO: Which Stock Is the Better Value Option?
Negative Sentiment: News that a peace deal in Iran is pressuring oil prices is hurting the energy complex and contributing to weakness in SLB. This Energy Stock Tops My July Buy List
Negative Sentiment: One market note highlighted SLB’s recent weakness and said the stock continues to trade lower as broader market conditions and oil-related concerns remain in focus. SLB (SLB) Stock Sinks As Market Gains: Here’s Why

SLB Stock Performance

Shares of SLB opened at $45.12 on Thursday. The company has a 50-day simple moving average of $53.85 and a two-hundred day simple moving average of $49.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.98. The firm has a market capitalization of $67.46 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.87 and a beta of 0.73. SLB Limited has a one year low of $31.64 and a one year high of $58.82.

SLB (NYSE:SLB – Get Free Report) last posted its earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. SLB had a return on equity of 15.54% and a net margin of 9.26%.The firm had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.76 billion. During the same quarter in the prior year, the business earned $0.72 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts anticipate that SLB Limited will post 2.62 EPS for the current fiscal year.

SLB Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.295 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $1.18 annualized dividend and a dividend yield of 2.6%. SLB’s payout ratio is currently 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.