SLB Limited $SLB Shares Sold by Discerene Group LP

Discerene Group LP decreased its position in shares of SLB Limited (NYSE:SLB) by 12.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,537,505 shares of the oil and gas company’s stock after selling 217,785 shares during the quarter. SLB comprises approximately 8.3% of Discerene Group LP’s investment portfolio, making the stock its 5th largest position. Discerene Group LP’s holdings in SLB were worth $79,012,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Evergreen Advisors LLC bought a new stake in shares of SLB in the 1st quarter valued at $26,000. MV Capital Management Inc. bought a new position in SLB during the fourth quarter worth $28,000. Strategic Wealth Advisors LLC acquired a new position in SLB in the fourth quarter valued at $30,000. Costello Asset Management INC lifted its holdings in SLB by 93.3% in the first quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 280 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in SLB during the fourth quarter valued at $31,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

SLB has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on SLB from $54.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Piper Sandler upped their target price on SLB from $53.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. BMO Capital Markets raised their target price on SLB from $55.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Sanford C. Bernstein lifted their target price on SLB from $56.10 to $71.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Finally, Evercore reissued an “outperform” rating and issued a $64.00 price target on shares of SLB in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $60.30.

Trending Headlines about SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB reported Q2 adjusted EPS of $0.55, ahead of estimates of $0.51, on revenue of $8.97 billion versus expectations of $8.67 billion. SLB (NYSE:SLB) Beats Expectations in Strong Q2 CY2026
• Positive Sentiment: Management pointed to higher offshore activity and growth in Digital and Production Systems, which helped drive the quarter and support the outlook. SLB Posts Higher Revenue on Increased Offshore Activity, Data-Center Demand
• Positive Sentiment: SLB’s expanding data-center power and infrastructure push is being viewed as an additional growth vector, adding to investor optimism. What SLB (SLB)’s AI Data Center Power Push and Baleine Win Means For Shareholders
• Neutral Sentiment: Revenue still declined year over year, so the quarter was solid but not a return to broad-based growth. Top US oilfield services firm SLB beats quarterly profit estimates
• Neutral Sentiment: Middle East disruptions remain a headwind, but resilient demand in other regions is currently outweighing that pressure. SLB Stock Rises on Earnings Beat as Strong Activity Offsets Middle East Disruption

Insider Buying and Selling

In other news, EVP Steve Matthew Gassen sold 53,379 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the completion of the sale, the executive vice president owned 47,421 shares in the company, valued at $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director La Chevardiere Patrick De sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 16,953 shares in the company, valued at $921,056.49. The trade was a 10.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.16% of the company’s stock.

SLB Price Performance

Shares of NYSE SLB opened at $52.43 on Friday. The firm has a market capitalization of $78.39 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.91 and a beta of 0.72. The firm’s 50-day moving average price is $51.16 and its 200-day moving average price is $50.55. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 0.35. SLB Limited has a 1-year low of $31.64 and a 1-year high of $58.82.

SLB (NYSE:SLB) last issued its earnings results on Friday, July 24th. The oil and gas company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. SLB had a return on equity of 15.54% and a net margin of 9.26%.The company had revenue of $8.97 billion during the quarter, compared to the consensus estimate of $8.67 billion. During the same period last year, the business posted $0.74 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that SLB Limited will post 2.52 earnings per share for the current fiscal year.

SLB Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 2nd will be issued a $0.295 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $1.18 annualized dividend and a yield of 2.3%. SLB’s dividend payout ratio is presently 51.53%.

SLB 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.