Gabelli Funds LLC Has $39.12 Million Position in SLB Limited $SLB

Gabelli Funds LLC lifted its stake in shares of SLB Limited (NYSE:SLB) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 761,324 shares of the oil and gas company’s stock after acquiring an additional 11,601 shares during the quarter. Gabelli Funds LLC owned approximately 0.05% of SLB worth $39,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Morningstar Investment Management LLC raised its stake in SLB by 7.2% during the first quarter. Morningstar Investment Management LLC now owns 53,539 shares of the oil and gas company’s stock worth $2,751,000 after buying an additional 3,608 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in SLB by 1.2% during the first quarter. Public Employees Retirement System of Ohio now owns 612,170 shares of the oil and gas company’s stock worth $31,459,000 after acquiring an additional 7,314 shares in the last quarter. Compound Planning Inc. boosted its stake in SLB by 14.4% during the first quarter. Compound Planning Inc. now owns 14,881 shares of the oil and gas company’s stock worth $765,000 after acquiring an additional 1,878 shares in the last quarter. Modern Wealth Management LLC acquired a new stake in SLB in the first quarter worth $275,000. Finally, Keebeck Wealth Management bought a new stake in SLB in the first quarter valued at $328,000. 81.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SLB has been the topic of several research reports. Citigroup dropped their price objective on shares of SLB from $68.00 to $63.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $65.00 target price on shares of SLB in a research report on Sunday, April 26th. Susquehanna dropped their price target on SLB from $65.00 to $55.00 and set a “positive” rating on the stock in a research note on Wednesday, July 8th. Wolfe Research initiated coverage on SLB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $62.00 price target on the stock. Finally, Stifel Nicolaus raised their price objective on SLB from $61.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, SLB presently has a consensus rating of “Moderate Buy” and an average target price of $60.30.

Insider Activity

In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of the 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 completion of the sale, the executive vice president owned 47,421 shares in the company, valued at approximately $2,664,111.78. This trade represents a 52.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director La Chevardiere Patrick De sold 2,000 shares of SLB stock in a transaction that occurred on 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 approximately $921,056.49. This represents a 10.55% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.16% of the company’s stock.

SLB Stock Up 11.0%

Shares of NYSE:SLB opened at $52.43 on Friday. 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 $51.16 and its 200 day moving average is $50.55. SLB Limited has a 12-month low of $31.64 and a 12-month high of $58.82. The stock has a market cap of $78.39 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.91 and a beta of 0.72.

SLB (NYSE:SLB) last posted its earnings results on Friday, July 24th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. The firm had revenue of $8.97 billion during the quarter, compared to analyst estimates of $8.67 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 EPS. On average, sell-side analysts forecast that SLB Limited will post 2.52 earnings per share for the current fiscal year.

SLB Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 2nd will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 2nd. SLB’s dividend payout ratio is presently 51.53%.

Key Headlines Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB reported Q2 adjusted EPS of $0.55, ahead of estimates of $0.51, on revenue of $8.97 billion versus expectations of $8.67 billion. SLB (NYSE:SLB) Beats Expectations in Strong Q2 CY2026
• Positive Sentiment: Management pointed to higher offshore activity and growth in Digital and Production Systems, which helped drive the quarter and support the outlook. SLB Posts Higher Revenue on Increased Offshore Activity, Data-Center Demand
• Positive Sentiment: SLB’s expanding data-center power and infrastructure push is being viewed as an additional growth vector, adding to investor optimism. What SLB (SLB)’s AI Data Center Power Push and Baleine Win Means For Shareholders
• Neutral Sentiment: Revenue still declined year over year, so the quarter was solid but not a return to broad-based growth. Top US oilfield services firm SLB beats quarterly profit estimates
• Neutral Sentiment: Middle East disruptions remain a headwind, but resilient demand in other regions is currently outweighing that pressure. SLB Stock Rises on Earnings Beat as Strong Activity Offsets Middle East Disruption

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.