SLB Limited $SLB Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its stake in SLB Limited (NYSE:SLB) by 7.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 648,997 shares of the oil and gas company’s stock after buying an additional 47,551 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in SLB were worth $22,306,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Hedges Asset Management LLC lifted its position in SLB by 0.9% in the 3rd quarter. Hedges Asset Management LLC now owns 35,000 shares of the oil and gas company’s stock valued at $1,203,000 after purchasing an additional 300 shares during the last quarter. Legacy Wealth Asset Management LLC increased its stake in shares of SLB by 2.2% in the second quarter. Legacy Wealth Asset Management LLC now owns 14,382 shares of the oil and gas company’s stock valued at $486,000 after purchasing an additional 308 shares during the period. NewSquare Capital LLC raised its holdings in shares of SLB by 51.4% during the second quarter. NewSquare Capital LLC now owns 1,004 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 341 shares during the last quarter. Choreo LLC boosted its position in shares of SLB by 0.8% during the second quarter. Choreo LLC now owns 45,222 shares of the oil and gas company’s stock worth $1,541,000 after buying an additional 357 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its holdings in SLB by 2.3% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 16,062 shares of the oil and gas company’s stock worth $543,000 after buying an additional 365 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Trending Headlines about SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Susquehanna raised its price target to $58 and kept a “positive” rating — the highest upgrade in this batch, implying ~16.6% upside. Susquehanna Upgrade The Fly
• Positive Sentiment: Bank of America bumped its target to $55 and reaffirmed a “buy” stance, signaling ~10.6% upside and stronger confidence from a large sell‑side house. BofA Upgrade
• Positive Sentiment: BMO Capital Markets raised its target to $55 and keeps an “outperform” rating, another vote of confidence supporting higher near‑term upside. BMO Upgrade The Fly
• Positive Sentiment: JPMorgan raised its target to $54 and moved to “overweight,” reflecting increased expectations for SLB’s earnings and cash‑flow trajectory. JPMorgan Upgrade
• Positive Sentiment: RBC lifted its target to $54 and kept an “outperform” rating, echoing the consensus that SLB’s fundamentals support higher valuation. RBC Upgrade The Fly
• Positive Sentiment: OilPrice reports North American revenue jumped after SLB closed the ChampionX acquisition — a near‑term revenue and backlog boost that supports the recent analyst upgrades. OilPrice Article
• Neutral Sentiment: Zacks published analysis on SLB’s international revenue trends — useful for evaluating geographic exposure and growth sustainability but not an immediate catalyst. Zacks Analysis

Wall Street Analyst Weigh In

Several brokerages have weighed in on SLB. Piper Sandler lifted their target price on SLB from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Citigroup raised their price target on SLB from $53.00 to $56.00 and gave the company a “buy” rating in a report on Monday. Bank of America upped their price objective on shares of SLB from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday. TD Cowen increased their target price on shares of SLB from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Finally, Royal Bank Of Canada boosted their price target on shares of SLB from $51.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $52.12.

SLB Price Performance

Shares of NYSE SLB opened at $49.73 on Tuesday. SLB Limited has a twelve month low of $31.11 and a twelve month high of $51.67. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average of $40.42 and a two-hundred day moving average of $36.80. The company has a market capitalization of $74.30 billion, a price-to-earnings ratio of 20.98 and a beta of 0.72.

SLB (NYSE:SLB) last announced its quarterly earnings data on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. The company had revenue of $9.75 billion for the quarter, compared to analysts’ expectations of $9.54 billion. SLB had a net margin of 9.45% and a return on equity of 17.45%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS. As a group, analysts expect that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be paid a dividend of $0.295 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $1.18 annualized dividend and a dividend yield of 2.4%. This is a boost from SLB’s previous quarterly dividend of $0.29. SLB’s dividend payout ratio is 48.10%.

Insider Buying and Selling

In related news, CFO Stephane Biguet sold 38,447 shares of SLB stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $36.75, for a total value of $1,412,927.25. Following the transaction, the chief financial officer directly owned 175,690 shares in the company, valued at $6,456,607.50. The trade was a 17.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Peter John Coleman sold 5,500 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $35.82, for a total value of $197,010.00. Following the sale, the director directly owned 18,671 shares of the company’s stock, valued at approximately $668,795.22. This represents a 22.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 103,947 shares of company stock worth $3,871,337 in the last three months. 0.22% of the stock is currently owned by insiders.

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.