SLB Limited $SLB Shares Purchased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp raised its position in SLB Limited (NYSE:SLB) by 441.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,122 shares of the oil and gas company’s stock after purchasing an additional 18,039 shares during the period. Atlantic Union Bankshares Corp’s holdings in SLB were worth $760,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Synergy Asset Management LLC grew its stake in shares of SLB by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 80,830 shares of the oil and gas company’s stock valued at $2,732,000 after buying an additional 40,415 shares during the period. Americana Partners LLC boosted its holdings in SLB by 10.1% in the third quarter. Americana Partners LLC now owns 248,057 shares of the oil and gas company’s stock valued at $8,526,000 after acquiring an additional 22,706 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in SLB by 13.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 210,056 shares of the oil and gas company’s stock valued at $7,220,000 after acquiring an additional 25,417 shares during the period. Bank Pictet & Cie Europe AG increased its stake in SLB by 1,937.4% during the third quarter. Bank Pictet & Cie Europe AG now owns 996,948 shares of the oil and gas company’s stock worth $34,265,000 after acquiring an additional 948,015 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of SLB by 4.9% in the 3rd quarter. Nordea Investment Management AB now owns 2,157,885 shares of the oil and gas company’s stock worth $72,354,000 after purchasing an additional 100,918 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

SLB Stock Up 3.2%

Shares of NYSE SLB opened at $51.33 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.33. SLB Limited has a 1 year low of $31.11 and a 1 year high of $51.67. The stock’s 50-day simple moving average is $42.31 and its 200-day simple moving average is $37.48. The firm has a market cap of $76.76 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 3.38 and a beta of 0.73.

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

SLB Increases Dividend

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

Key Stories 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

Insider Transactions at SLB

In other news, Director La Chevardiere Patrick De sold 4,000 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $50.29, for a total value of $201,160.00. Following the sale, the director owned 19,525 shares in the company, valued at approximately $981,912.25. This represents a 17.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $49.70, for a total transaction of $2,982,000.00. Following the transaction, the executive vice president directly owned 140,602 shares in the company, valued at $6,987,919.40. The trade was a 29.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 260,849 shares of company stock valued at $11,668,003 over the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SLB. Rothschild Redb upgraded SLB to a “strong-buy” rating in a report on Monday, November 3rd. Morgan Stanley reissued an “overweight” rating and issued a $50.00 price objective on shares of SLB in a research report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of SLB in a research note on Wednesday, October 8th. Loop Capital set a $48.00 price target on shares of SLB in a research report on Tuesday, January 27th. Finally, JPMorgan Chase & Co. increased their price target on SLB from $43.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SLB has a consensus rating of “Moderate Buy” and a consensus target price of $52.17.

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.