Exchange Traded Concepts LLC Purchases 130,941 Shares of SLB Limited $SLB

Exchange Traded Concepts LLC lifted its position in SLB Limited (NYSE:SLB) by 87.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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.

Other institutional investors have also recently made changes to their positions in the company. Hedges Asset Management LLC boosted its stake in SLB by 0.9% during the 3rd quarter. Hedges Asset Management LLC now owns 35,000 shares of the oil and gas company’s stock valued at $1,203,000 after purchasing an additional 300 shares during the last quarter. Legacy Wealth Asset Management LLC raised its stake in shares of SLB by 2.2% in the second quarter. Legacy Wealth Asset Management LLC now owns 14,382 shares of the oil and gas company’s stock worth $486,000 after purchasing an additional 308 shares during the last quarter. CreativeOne Wealth LLC lifted its holdings in shares of SLB by 6.3% during the first quarter. CreativeOne Wealth LLC now owns 5,655 shares of the oil and gas company’s stock valued at $236,000 after purchasing an additional 335 shares in the last quarter. NewSquare Capital LLC boosted its position in shares of 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 buying an additional 341 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in SLB by 55.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock worth $33,000 after buying an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

SLB News Summary

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?

Insider Transactions at SLB

In related news, CFO Stephane Biguet sold 38,447 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $36.75, for a total transaction of $1,412,927.25. Following the completion of the sale, the chief financial officer owned 175,690 shares in the company, valued at approximately $6,456,607.50. This trade represents a 17.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter John Coleman sold 5,500 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $668,795.22. The trade was a 22.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 103,947 shares of company stock valued at $3,871,337 over the last 90 days. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SLB shares. Zacks Research raised SLB from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Rothschild Redb upgraded shares of SLB to a “strong-buy” rating in a research note on Monday, November 3rd. Citigroup increased their price objective on shares of SLB from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. 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 target price on the stock. Finally, JPMorgan Chase & Co. decreased their target price on shares of SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.42.

SLB Price Performance

Shares of NYSE:SLB opened at $38.17 on Wednesday. The company has a market capitalization of $57.03 billion, a P/E ratio of 14.74 and a beta of 0.73. SLB Limited has a 1-year low of $31.11 and a 1-year high of $44.66. The firm’s 50 day simple moving average is $36.58 and its two-hundred day simple moving average is $35.38. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.01.

SLB (NYSE:SLB) last announced its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $8.93 billion during the quarter, compared to analysts’ expectations 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 prior year, the company posted $0.89 earnings per share. Research analysts expect that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Dividend Announcement

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

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.