SLB Limited $SLB Shares Sold by Cary Street Partners Financial LLC

Posted by Brenda Bartman on Aug 15th, 2026

Cary Street Partners Financial LLC lessened its holdings in shares of SLB Limited (NYSE:SLB – Free Report) by 97.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,879 shares of the oil and gas company’s stock after selling 108,574 shares during the period. Cary Street Partners Financial LLC’s holdings in SLB were worth $134,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SLB. Vanguard Group Inc. grew its stake in SLB by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 186,455,878 shares of the oil and gas company’s stock worth $7,156,177,000 after buying an additional 1,080,999 shares during the last quarter. State Street Corp lifted its stake in SLB by 1.0% in the fourth quarter. State Street Corp now owns 84,417,217 shares of the oil and gas company’s stock valued at $3,263,998,000 after buying an additional 799,218 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of SLB by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 54,006,438 shares of the oil and gas company’s stock valued at $2,072,844,000 after acquiring an additional 1,458,650 shares during the period. Morgan Stanley grew its position in shares of SLB by 1.3% during the fourth quarter. Morgan Stanley now owns 37,095,243 shares of the oil and gas company’s stock worth $1,423,716,000 after acquiring an additional 482,533 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of SLB by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 33,840,883 shares of the oil and gas company’s stock worth $1,292,993,000 after acquiring an additional 510,747 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

SLB Stock Performance

SLB opened at $53.77 on Friday. 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 firm has a market cap of $79.80 billion, a PE ratio of 25.97, a P/E/G ratio of 3.44 and a beta of 0.73. The business has a fifty day simple moving average of $49.52 and a 200-day simple moving average of $51.08. SLB Limited has a fifty-two week low of $31.64 and a fifty-two week high of $58.82.

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

SLB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.295 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $1.18 dividend on an annualized basis and a yield of 2.2%. SLB’s dividend payout ratio (DPR) is presently 57.00%.

Analysts Set New Price Targets

Several brokerages recently weighed in on SLB. Susquehanna lifted their price objective on shares of SLB from $55.00 to $62.00 and gave the company a “positive” rating in a research report on Monday, July 27th. BMO Capital Markets raised their price target 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. Barclays lifted their price target on SLB from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Jefferies Financial Group restated a “buy” rating and issued a $66.00 target price on shares of SLB in a research report on Sunday, July 26th. Finally, Zacks Research lowered SLB from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $61.35.

View Our Latest Analysis on SLB

SLB 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.

SLB Limited $SLB Shares Sold by Cary Street Partners Financial LLC

SLB Stock Performance

SLB Dividend Announcement

Analysts Set New Price Targets

SLB Profile

Further Reading

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