34,649 Shares in SLB Limited $SLB Purchased by Madison Asset Management LLC

15 May 2026, 05:35 by Renee Jackson · The Cerbat Gem

Madison Asset Management LLC purchased a new position in shares of SLB Limited (NYSE:SLB – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 34,649 shares of the oil and gas company’s stock, valued at approximately $1,330,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors lifted its stake in SLB by 97.8% during the fourth quarter. World Investment Advisors now owns 14,991 shares of the oil and gas company’s stock worth $575,000 after purchasing an additional 7,412 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its stake in SLB by 3.2% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 327,300 shares of the oil and gas company’s stock worth $12,562,000 after purchasing an additional 10,000 shares during the last quarter. Meridian Wealth Management LLC lifted its stake in SLB by 35.9% during the fourth quarter. Meridian Wealth Management LLC now owns 13,695 shares of the oil and gas company’s stock worth $526,000 after purchasing an additional 3,615 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in SLB by 0.6% during the fourth quarter. First Eagle Investment Management LLC now owns 27,718,458 shares of the oil and gas company’s stock worth $1,063,834,000 after purchasing an additional 174,564 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in SLB by 3.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 20,124 shares of the oil and gas company’s stock worth $772,000 after purchasing an additional 599 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Insider Transactions at SLB

In related news, EVP Steve Matthew Gassen sold 53,379 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the transaction, the executive vice president owned 47,421 shares in the company, valued at $2,664,111.78. The trade was a 52.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director La Chevardiere Patrick De sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $54.33, for a total value of $108,660.00. Following the transaction, the director owned 16,953 shares in the company, valued at approximately $921,056.49. This represents a 10.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.16% of the stock is owned by insiders.

SLB Stock Up 0.6%

Shares of NYSE:SLB opened at $55.70 on Friday. SLB Limited has a 1 year low of $31.64 and a 1 year high of $57.20. The company has a market cap of $83.28 billion, a PE ratio of 24.32, a P/E/G ratio of 3.90 and a beta of 0.72. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.98. The stock’s 50-day moving average is $51.29 and its 200 day moving average is $45.63.

SLB (NYSE:SLB – Get Free Report) last announced its quarterly earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. SLB had a return on equity of 15.54% and a net margin of 9.26%.The company had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.76 billion. During the same quarter in the previous year, the business earned $0.72 EPS. SLB’s revenue was up 2.7% compared to the same quarter last year. Sell-side analysts anticipate that SLB Limited will post 2.61 EPS for the current year.

SLB Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, June 3rd. SLB’s payout ratio is currently 51.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SLB shares. Weiss Ratings lowered SLB from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Argus raised SLB to a “strong-buy” rating in a research note on Monday, January 26th. Citigroup boosted their target price on SLB from $59.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $61.00 target price on shares of SLB in a research note on Monday, April 27th. Finally, UBS Group boosted their target price on SLB from $61.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.74.

Get Our Latest Stock Analysis on SLB

SLB Profile

(Free Report)

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.