DAVENPORT & Co LLC Sells 83,796 Shares of SLB Limited $SLB

DAVENPORT & Co LLC trimmed its position in shares of SLB Limited (NYSE:SLB) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,434,206 shares of the oil and gas company’s stock after selling 83,796 shares during the period. DAVENPORT & Co LLC owned approximately 0.16% of SLB worth $84,161,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SLB. Vanguard Group Inc. grew its stake in shares of SLB by 14.2% in the second quarter. Vanguard Group Inc. now owns 150,317,566 shares of the oil and gas company’s stock worth $5,080,734,000 after acquiring an additional 18,672,021 shares during the last quarter. Franklin Resources Inc. grew its position in SLB by 30.4% in the 2nd quarter. Franklin Resources Inc. now owns 20,233,749 shares of the oil and gas company’s stock worth $683,901,000 after purchasing an additional 4,719,852 shares during the last quarter. Norges Bank acquired a new stake in SLB in the 2nd quarter worth $618,697,000. Amundi increased its holdings in shares of SLB by 29.9% during the 2nd quarter. Amundi now owns 11,415,740 shares of the oil and gas company’s stock worth $409,939,000 after purchasing an additional 2,624,679 shares during the period. Finally, Legal & General Group Plc raised its position in shares of SLB by 1.2% during the second quarter. Legal & General Group Plc now owns 9,681,754 shares of the oil and gas company’s stock valued at $327,243,000 after buying an additional 114,190 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SLB

In other SLB news, Director Peter John Coleman sold 5,500 shares of SLB 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 transaction, the director owned 18,671 shares in the company, valued at approximately $668,795.22. The trade was a 22.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephane Biguet sold 38,447 shares of the 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 sale, the chief financial officer owned 175,690 shares in the company, valued at $6,456,607.50. The trade was a 17.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 103,947 shares of company stock worth $3,871,337. 0.22% of the stock is currently owned by insiders.

SLB Stock Down 0.4%

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

SLB (NYSE:SLB) last released its quarterly earnings results on Friday, October 17th. The oil and gas company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $8.93 billion for 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 company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 earnings per share. Equities research analysts anticipate that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Dividend Announcement

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

SLB News Roundup

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?

Analysts Set New Price Targets

SLB has been the topic of a number of recent research reports. TD Cowen lifted their target price on SLB from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Sanford C. Bernstein lifted their price objective on SLB from $47.60 to $52.30 and gave the stock an “outperform” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. cut their target price on SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Monday, October 20th. Zacks Research raised SLB from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Piper Sandler boosted their price target on shares of SLB from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.42.

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.