1,280,210 Shares in SLB Limited $SLB Acquired by Douglas Lane & Associates LLC

Key Points

• Douglas Lane & Associates LLC opened a new position of 1,280,210 shares of SLB in Q4, valued at about $49.13 million and representing roughly 0.09% of the company.
• Analyst sentiment is broadly positive with an average rating of “Moderate Buy” and an average target price of $53.27, alongside several recent price-target raises into the mid‑$50s and multiple Buy/Strong Buy notes.
• SLB beat Q4 estimates (EPS $0.78 vs. $0.74), raised its quarterly dividend to $0.295 (annualized $1.18, ~2.2% yield), and remains heavily institutionally owned (about 82% ownership, market cap ≈ $79B).

Douglas Lane & Associates LLC purchased a new position in SLB Limited (NYSE:SLB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,280,210 shares of the oil and gas company's stock, valued at approximately $49,134,000. Douglas Lane & Associates LLC owned 0.09% of SLB at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SLB. Synergy Asset Management LLC grew its stake in SLB by 100.0% in the 3rd quarter. Synergy Asset Management LLC now owns 80,830 shares of the oil and gas company's stock valued at $2,732,000 after buying an additional 40,415 shares in the last quarter. Americana Partners LLC grew its stake in SLB by 10.1% in the 3rd quarter. Americana Partners LLC now owns 248,057 shares of the oil and gas company's stock valued at $8,526,000 after buying an additional 22,706 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in SLB by 13.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 210,056 shares of the oil and gas company's stock valued at $7,220,000 after buying an additional 25,417 shares in the last quarter. Nordea Investment Management AB grew its stake in SLB by 4.9% in the 3rd quarter. Nordea Investment Management AB now owns 2,157,885 shares of the oil and gas company's stock valued at $72,354,000 after buying an additional 100,918 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG grew its stake in SLB by 1,937.4% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 996,948 shares of the oil and gas company's stock valued at $34,265,000 after buying an additional 948,015 shares in the last quarter. Institutional investors own 81.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Stifel Nicolaus set a $56.00 price objective on shares of SLB in a research note on Monday, January 26th. Evercore set a $54.00 price target on shares of SLB and gave the company an "outperform" rating in a research report on Tuesday, January 6th. Bank of America boosted their price target on shares of SLB from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, January 26th. Sanford C. Bernstein boosted their price target on shares of SLB from $52.30 to $56.10 and gave the company an "outperform" rating in a research report on Thursday, March 12th. Finally, UBS Group restated a "buy" rating on shares of SLB in a research report on Tuesday, January 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $53.27.

SLB Stock Up 1.3%

SLB opened at $52.55 on Friday. The company has a fifty day moving average price of $49.64 and a 200-day moving average price of $42.26. The firm has a market capitalization of $78.97 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 3.69 and a beta of 0.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.98. SLB Limited has a one year low of $31.64 and a one year high of $54.80.

SLB (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. SLB had a net margin of 9.45% and a return on equity of 17.45%. The company had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.54 billion. During the same period in the previous year, the firm posted $0.92 EPS. The firm's revenue was up 5.0% compared to the same quarter last year. Equities research analysts expect that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from SLB's previous quarterly dividend of $0.29. SLB's payout ratio is presently 49.79%.

Insider Activity at SLB

In other news, CFO Stephane Biguet sold 61,017 shares of SLB stock in a transaction on Monday, January 26th. The shares were sold at an average price of $49.70, for a total transaction of $3,032,544.90. Following the completion of the sale, the chief financial officer directly owned 155,548 shares of the company's stock, valued at approximately $7,730,735.60. The trade was a 28.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director La Chevardiere Patrick De sold 4,000 shares of SLB stock in a transaction on Monday, January 26th. The stock was sold at an average price of $50.29, for a total transaction of $201,160.00. Following the sale, the director directly owned 19,525 shares of the company's stock, valued at $981,912.25. This represents a 17.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 156,902 shares of company stock worth $7,796,666 in the last three months. 0.16% of the stock is owned by insiders.

Key Stories Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB OneSubsea won a contract from Beacon Offshore Energy to supply an HPHT multiphase boosting system for the Shenandoah deepwater field — a high‑value, technically complex award that increases backlog and supports higher‑margin subsea revenue. SLB OneSubsea Awarded Contract for Shenandoah Field
• Positive Sentiment: SLB deepened its subsea ties with PETRONAS and partners (including Subsea7) for Suriname projects and signed expanded digital operations work in Angola — moves that lock SLB into multi‑field offshore developments and recurring services/digital revenue streams. SLB Signs PETRONAS Subsea Deal, Expands Digital Operations in Angola
• Positive Sentiment: Market positioning and passive flows: coverage noting SLB’s inclusion/weighting implications tied to Russell 1000 ETF exposure suggests incremental index/passive buying and broader investor access. This can support share demand on rebalances. SLB NYSE: SLB Expands Offshore Presence With Russell 1000 ETF Exposure
• Positive Sentiment: Analyst commentary: at least one sell‑side note (Susquehanna coverage) projects upside for SLB, supporting short‑term positive sentiment and buy‑side interest. SLB NYSE: SLB Stock Price Expected to Rise, Susquehanna Analyst Says
• Neutral Sentiment: Market commentary: Zacks and sector pieces note SLB outpaced the market today and compare Q4 results across oilfield services — useful context but largely reiterative of recent contract and earnings drivers. Why SLB (SLB) Outpaced the Stock Market Today
• Neutral Sentiment: Corporate governance: shareholders strongly supported SLB’s 2026 AGM proposals — a governance positive but unlikely to move fundamentals materially. SLB Shareholders Strongly Support 2026 Annual Meeting Proposals
• Neutral Sentiment: Macro note: energy prices dipped after a ceasefire story, but analysts argue oilfield services names like SLB could hold up due to post‑conflict repairs and sustained offshore activity — mixed near‑term price impact. Iran’s Ceasefire Sends Energy Lower. Why Oil Services Stocks Are Holding Up.

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.

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