Lazard Asset Management LLC Sells 1,130,941 Shares of SLB Limited $SLB

Lazard Asset Management LLC reduced its holdings in SLB Limited (NYSE:SLB) by 12.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,859,902 shares of the oil and gas company’s stock after selling 1,130,941 shares during the quarter. SLB comprises 0.7% of Lazard Asset Management LLC’s holdings, making the stock its 29th largest holding. Lazard Asset Management LLC’s holdings in SLB were worth $403,920,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Evergreen Advisors LLC bought a new position in shares of SLB during the 1st quarter worth about $26,000. Costello Asset Management INC increased its holdings in SLB by 93.3% during the 1st quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 280 shares in the last quarter. MV Capital Management Inc. purchased a new stake in shares of SLB in the fourth quarter worth approximately $28,000. Sound Income Strategies LLC raised its stake in shares of SLB by 71.1% in the first quarter. Sound Income Strategies LLC now owns 780 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 324 shares during the last quarter. Finally, Steph & Co. lifted its holdings in shares of SLB by 97.5% in the fourth quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 394 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Transactions at SLB

In related news, 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 directly owned 16,953 shares of the company’s stock, valued at approximately $921,056.49. The trade was a 10.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $2,998,832.22. Following the transaction, the executive vice president owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their position. The SEC filing for this sale provides additional information. 0.16% of the stock is currently owned by insiders.

SLB Stock Performance

Shares of SLB opened at $52.43 on Monday. The stock has a 50 day moving average of $51.16 and a 200 day moving average of $50.60. The company has a market capitalization of $78.39 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 2.12 and a beta of 0.72. SLB Limited has a 12 month low of $31.64 and a 12 month high of $58.82. The company has a current ratio of 1.44, a quick ratio of 1.05 and a debt-to-equity ratio of 0.41.

SLB (NYSE:SLB) last posted its quarterly earnings data on Friday, July 24th. The oil and gas company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The business had revenue of $8.97 billion for the quarter, compared to analysts’ expectations of $8.67 billion. SLB had a return on equity of 14.05% and a net margin of 8.53%.The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. As a group, sell-side analysts forecast that SLB Limited will post 2.52 earnings per share for the current year.

SLB Announces Dividend

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

Trending Headlines about 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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SLB. TD Cowen decreased their price target on SLB from $66.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Weiss Ratings lowered shares of SLB from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Wolfe Research started coverage on shares of SLB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $62.00 target price for the company. Royal Bank Of Canada reissued an “outperform” rating and set a $61.00 price target on shares of SLB in a research report on Tuesday, June 16th. Finally, Susquehanna cut their price target on shares of SLB from $65.00 to $55.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, SLB currently has an average rating of “Moderate Buy” and an average price target of $60.35.

About SLB

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.