Entropy Technologies LP Sells 104,962 Shares of SLB Limited $SLB

Entropy Technologies LP lowered its stake in shares of SLB Limited (NYSE:SLB) by 61.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 65,056 shares of the oil and gas company’s stock after selling 104,962 shares during the period. Entropy Technologies LP’s holdings in SLB were worth $3,343,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of SLB. Fearnley Asset Management AS purchased a new position in shares of SLB in the 4th quarter worth about $8,574,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of SLB during the 1st quarter valued at about $47,528,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of SLB by 4.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,141,868 shares of the oil and gas company’s stock valued at $126,303,000 after buying an additional 128,660 shares in the last quarter. Cibc World Market Inc. lifted its position in SLB by 48.7% in the 4th quarter. Cibc World Market Inc. now owns 1,367,063 shares of the oil and gas company’s stock worth $52,468,000 after buying an additional 447,667 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in SLB by 65.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 205,796 shares of the oil and gas company’s stock worth $7,898,000 after buying an additional 81,045 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other SLB 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 owned 16,953 shares in the company, valued at approximately $921,056.49. The trade was a 10.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $2,998,832.22. Following the transaction, the executive vice president directly owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. This trade represents a 52.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.16% of the stock is owned by company insiders.

SLB Stock Performance

Shares of SLB stock opened at $52.43 on Friday. The company has a market capitalization of $78.39 billion, a P/E ratio of 25.33, a PEG ratio of 2.12 and a beta of 0.72. SLB Limited has a fifty-two week low of $31.64 and a fifty-two week high of $58.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.34. The stock has a 50 day moving average price of $51.16 and a two-hundred day moving average price of $50.55.

SLB (NYSE:SLB) last issued 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. SLB had a net margin of 9.26% and a return on equity of 15.54%. The firm had revenue of $8.97 billion for the quarter, compared to analysts’ expectations of $8.67 billion. During the same quarter last year, the business earned $0.74 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. Analysts expect that SLB Limited will post 2.52 earnings per share for the current year.

SLB Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders 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 yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 2nd. SLB’s dividend payout ratio (DPR) is 51.53%.

More SLB News

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on SLB. Raymond James Financial reduced their price target on shares of SLB from $62.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. Wolfe Research assumed coverage on shares of SLB in a research note on Wednesday, July 8th. They issued an “outperform” rating and a $62.00 price objective for the company. Susquehanna reduced their target price 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. Stifel Nicolaus lifted their target price on shares of SLB from $61.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $54.00 price target on shares of SLB in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SLB has an average rating of “Moderate Buy” and an average price target of $60.30.

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.