Park National Corp OH Cuts Position in SLB Limited $SLB

21 Jun 2026, 12:01 by Sarita Garza · The Markets Daily

Park National Corp OH trimmed its holdings in shares of SLB Limited (NYSE:SLB – Free Report) by 5.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 244,272 shares of the oil and gas company’s stock after selling 13,840 shares during the quarter. Park National Corp OH’s holdings in SLB were worth $12,553,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Diversified Trust Co purchased a new stake in SLB during the 1st quarter worth $203,000. Nations Financial Group Inc. IA ADV acquired a new stake in SLB in the 1st quarter valued at $309,000. Rockefeller Capital Management L.P. raised its position in SLB by 180.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,393,578 shares of the oil and gas company’s stock valued at $53,486,000 after purchasing an additional 895,987 shares during the period. World Investment Advisors raised its position in SLB by 97.8% in the fourth quarter. World Investment Advisors now owns 14,991 shares of the oil and gas company’s stock valued at $575,000 after purchasing an additional 7,412 shares during the period. Finally, Larry Mathis Financial Planning LLC acquired a new position in shares of SLB during the fourth quarter worth about $254,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at SLB

In other news, EVP Steve Matthew Gassen sold 53,379 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $56.18, for a total value of $2,998,832.22. Following the sale, the executive vice president owned 47,421 shares in the company, valued at approximately $2,664,111.78. This represents a 52.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director La Chevardiere Patrick De sold 2,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $54.33, for a total transaction of $108,660.00. Following the transaction, the director directly owned 16,953 shares in the company, valued at $921,056.49. The trade was 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 company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on SLB. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $61.00 target price on shares of SLB in a research report on Tuesday, June 16th. Evercore reiterated an “outperform” rating and set a $64.00 target price on shares of SLB in a report on Monday, April 27th. Wall Street Zen lowered SLB from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. TD Cowen upped their price target on SLB from $55.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Morgan Stanley set a $57.00 price objective on shares of SLB in a research report on Monday, April 27th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SLB currently has an average rating of “Moderate Buy” and a consensus target price of $60.83.

Check Out Our Latest Stock Report on SLB

SLB Stock Performance

Shares of SLB opened at $48.12 on Friday. The firm has a market cap of $71.95 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 1.95 and a beta of 0.70. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $54.69 and its two-hundred day moving average is $49.02. SLB Limited has a 52-week low of $31.64 and a 52-week high of $58.82.

SLB (NYSE:SLB – Get Free Report) last released its quarterly earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The business had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $8.76 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 earnings per share. Analysts forecast that SLB Limited will post 2.62 EPS for the current fiscal year.

SLB Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. SLB’s dividend payout ratio (DPR) is currently 51.53%.

About SLB

(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.