Exchange Traded Concepts LLC Boosts Stake in SLB Limited $SLB

Exchange Traded Concepts LLC boosted its position in shares of SLB Limited (NYSE:SLB) by 87.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 281,415 shares of the oil and gas company’s stock after buying an additional 130,941 shares during the period. Exchange Traded Concepts LLC’s holdings in SLB were worth $9,672,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SLB. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of SLB during the 2nd quarter worth approximately $25,000. Atticus Wealth Management LLC bought a new stake in SLB in the second quarter worth $29,000. Corsicana & Co. purchased a new stake in SLB during the third quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in SLB by 55.3% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 350 shares during the last quarter. Finally, NewSquare Capital LLC lifted its position in 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 purchasing an additional 341 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

SLB Trading Down 0.4%

NYSE SLB opened at $38.17 on Wednesday. The company’s 50-day moving average price is $36.58 and its 200-day moving average price is $35.38. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The stock has a market cap of $57.03 billion, a PE ratio of 14.74 and a beta of 0.73. SLB Limited has a 12 month low of $31.11 and a 12 month high of $44.66.

SLB (NYSE:SLB) last announced its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The company had revenue of $8.93 billion during the quarter, compared to analyst estimates of $8.99 billion. SLB had a net margin of 10.34% and a return on equity of 18.97%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. Equities research analysts forecast that SLB Limited will post 3.38 earnings per share for the current year.

SLB Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 3rd will be issued a $0.285 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.0%. SLB’s payout ratio is presently 44.02%.

Insider Buying and Selling

In other SLB news, Director Peter John Coleman sold 5,500 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $35.82, for a total value of $197,010.00. Following the completion of the sale, the director directly owned 18,671 shares in the company, valued at approximately $668,795.22. This represents a 22.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $37.69, for a total value of $2,261,400.00. Following the transaction, the executive vice president owned 159,371 shares in the company, valued at approximately $6,006,692.99. This represents a 27.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 103,947 shares of company stock valued at $3,871,337 over the last quarter. 0.22% of the stock is owned by corporate insiders.

Trending Headlines about SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB won a five‑year, multi‑billion-dollar contract from Saudi Aramco to provide stimulation, well intervention, frac automation and digital solutions for the kingdom’s unconventional gas program — a meaningful, long‑duration revenue stream and strategic win in a major growth market. Aramco Awards SLB Long-Term Contract to Support Kingdom’s Unconventional Gas Production Growth
• Positive Sentiment: Wall Street support remains constructive: UBS reiterated a Buy on SLB with a $50 price target, highlighting execution, international/offshore upside and digital growth as re‑rating catalysts. Maintaining Buy on Schlumberger
• Positive Sentiment: BMO reiterated a Buy on SLB, citing digital‑led margin strength and international growth upside — additional analyst backing that supports medium‑term upside. Schlumberger: Digital-Led Margin Strength, International Growth, and Undervalued Upside Support Buy Rating
• Positive Sentiment: Unusually large call option activity — ~72,848 calls traded (≈+167% vs average) — signals short‑term bullish positioning by derivatives traders, which can precede upside moves in the stock.
• Neutral Sentiment: Analysts and commentary are revisiting SLB’s valuation after a steady share rebound; some pieces argue upside remains given fundamentals, while valuation comparisons temper immediate conviction. Revisiting Schlumberger’s (SLB) Valuation After Its Recent Steady Share Price Rebound
• Neutral Sentiment: Zacks ran a broader piece on analyst sentiment toward SLB — coverage that can influence flows but doesn’t present new company‑specific catalysts. Is SLB (SLB) a Buy as Wall Street Analysts Look Optimistic?

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of SLB from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Barclays dropped their price target on SLB from $48.00 to $47.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. TD Cowen upped their price objective on SLB from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Cowen reaffirmed a “buy” rating and issued a $57.00 price objective on shares of SLB in a research note on Thursday, December 11th. Finally, Citigroup lifted their target price on SLB from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.42.

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.