Meridian Wealth Management LLC Acquires New Stake in SLB Limited $SLB

Meridian Wealth Management LLC bought a new stake in SLB Limited (NYSE:SLB) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 10,080 shares of the oil and gas company’s stock, valued at approximately $346,000.

Several other hedge funds also recently modified their holdings of SLB. Vanguard Group Inc. lifted its stake in shares of SLB by 14.2% during the 2nd quarter. Vanguard Group Inc. now owns 150,317,566 shares of the oil and gas company’s stock worth $5,080,734,000 after purchasing an additional 18,672,021 shares during the period. Norges Bank acquired a new position in shares of SLB in the 2nd quarter valued at about $618,697,000. Franklin Resources Inc. lifted its position in SLB by 30.4% during the second quarter. Franklin Resources Inc. now owns 20,233,749 shares of the oil and gas company’s stock valued at $683,901,000 after buying an additional 4,719,852 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of SLB by 80.7% during the 2nd quarter. Lazard Asset Management LLC now owns 6,788,978 shares of the oil and gas company’s stock valued at $229,466,000 after acquiring an additional 3,031,906 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in SLB by 346.3% in the third quarter. Assenagon Asset Management S.A. now owns 3,876,526 shares of the oil and gas company’s stock valued at $133,236,000 after purchasing an additional 3,007,911 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other SLB news, insider Dianne B. Ralston sold 18,617 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $49.50, for a total value of $921,541.50. Following the sale, the insider owned 224,097 shares in the company, valued at approximately $11,092,801.50. This trade represents a 7.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Howard Guild sold 13,268 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $659,419.60. Following the transaction, the chief accounting officer owned 22,407 shares of the company’s stock, valued at approximately $1,113,627.90. This represents a 37.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 260,849 shares of company stock worth $11,668,003. 0.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

SLB has been the topic of several analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $50.00 target price on shares of SLB in a report on Wednesday, January 21st. Piper Sandler lifted their price objective on shares of SLB from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. The Goldman Sachs Group reissued a “buy” rating and set a $49.00 target price on shares of SLB in a research report on Wednesday, January 14th. Argus raised shares of SLB to a “strong-buy” rating in a report on Monday, January 26th. Finally, Rothschild & Co Redburn initiated coverage on shares of SLB in a report on Monday, November 3rd. They issued a “buy” rating and a $48.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SLB currently has an average rating of “Moderate Buy” and an average target price of $52.17.

Key Headlines Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Won a major $1.5 billion, five‑year integrated development contract for Kuwait’s Mutriba field — SLB will provide design, development and production management for a technically demanding, high‑pressure/high‑temperature reservoir. The deal adds meaningful multi‑year backlog, strengthens SLB’s Middle East foothold and improves revenue visibility. SLB Awarded Integrated Development Contract for Mutriba Field in Kuwait
• Positive Sentiment: Jefferies raised its price target on SLB to $58 (from $51) and kept a Buy rating, citing attractive valuation and upside from market catch‑up — this institutional upgrade supports further analyst‑led buying. Jefferies Raises SLB (SLB) PT to $58 on Attractive Valuation, Market Upside
• Positive Sentiment: Additional analyst/upside notes surfaced today (price‑target lift reported to ~$54.97 in some outlets), reinforcing the view that consensus estimates and multiple expansion could support the stock. SLB NV (SLB) price target increased by 14.44% to 54.97
• Positive Sentiment: Retail sentiment boost: Jim Cramer flagged a “very positive outlook” after SLB’s recent report, which can drive short‑term retail inflows and attention. Jim Cramer on SLB: “Very Positive Outlook When They Reported Recently”
• Neutral Sentiment: Options market activity picked up recently (increased interest and positioning), which can amplify intraday moves but doesn’t change fundamentals — watch for elevated implied volatility and skew that may affect short‑term price action. Unpacking the Latest Options Trading Trends in SLB

SLB Stock Performance

Shares of SLB stock opened at $51.33 on Thursday. The company has a market cap of $76.76 billion, a P/E ratio of 21.66, a PEG ratio of 3.38 and a beta of 0.73. The business has a 50 day moving average of $42.31 and a two-hundred day moving average of $37.48. SLB Limited has a 52 week low of $31.11 and a 52 week high of $51.67. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.36.

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

SLB Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be given a dividend of $0.295 per share. This is an increase from SLB’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, February 11th. SLB’s payout ratio is currently 48.10%.

About SLB

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.