D.A. Davidson & CO. Boosts Stake in SLB Limited $SLB

Key Points

• D.A. Davidson & CO. boosted its stake in SLB by 27.4% in Q4 to 174,926 shares, raising its holding to about $6.71 million.
• Analyst sentiment has turned positive with multiple price-target raises, a MarketBeat consensus rating of "Moderate Buy" and a consensus price target of $57.53, with several targets in the low $60s.
• SLB reported mixed Q1 results—EPS $0.52 slightly beat estimates while revenue missed and net income slipped ~6%—and declared a quarterly dividend of $0.295 (a 2.1% yield).

D.A. Davidson & CO. boosted its stake in SLB Limited (NYSE:SLB - Free Report) by 27.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 174,926 shares of the oil and gas company's stock after purchasing an additional 37,576 shares during the period. D.A. Davidson & CO.'s holdings in SLB were worth $6,714,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SLB. Vanguard Group Inc. boosted its holdings in SLB by 23.3% during the 3rd quarter. Vanguard Group Inc. now owns 185,374,879 shares of the oil and gas company's stock valued at $6,371,335,000 after acquiring an additional 35,057,313 shares during the period. State Street Corp lifted its position in shares of SLB by 7.0% during the third quarter. State Street Corp now owns 83,617,999 shares of the oil and gas company's stock worth $2,898,037,000 after purchasing an additional 5,466,786 shares in the last quarter. Greenhaven Associates Inc. acquired a new stake in shares of SLB during the fourth quarter worth about $178,883,000. Caisse de depot et placement du Quebec boosted its stake in shares of SLB by 10,422.1% in the third quarter. Caisse de depot et placement du Quebec now owns 3,165,581 shares of the oil and gas company's stock valued at $108,801,000 after purchasing an additional 3,135,496 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of SLB by 25.2% in the third quarter. Dimensional Fund Advisors LP now owns 15,366,347 shares of the oil and gas company's stock valued at $528,217,000 after purchasing an additional 3,094,764 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

More SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Multiple broker upgrades and price-target raises — TD Cowen to $66, BMO to $63, JPMorgan to $61, Stifel to $61 and RBC reaffirming outperform — are boosting investor sentiment by implying meaningful upside to the stock. Analysts Boost Forecasts (Benzinga)
• Positive Sentiment: Goldman Sachs raised its Q4 2026 Brent crude forecast to $90/bbl (from $80) citing supply disruptions tied to the Strait of Hormuz — a higher long-run oil price outlook favors SLB’s services and equipment revenue. Goldman Raises Brent Forecast
• Positive Sentiment: SLB management and analysts expect oil prices to remain elevated even after the Strait of Hormuz reopens, underpinning future service demand. SLB sees oil prices staying elevated (Seeking Alpha)
• Neutral Sentiment: Analyses highlighting SLB’s international revenue mix, production-facing exposure, growth in Data Center Solutions and Digital segment suggest structural revenue support but also flag regional variability — useful context for longer-term earnings but not an immediate catalyst. International Revenue Performance (Yahoo)
• Negative Sentiment: Q1 net income slipped ~6% to $752M, showing near-term margin pressure despite modest beats on EPS; this earnings softness is a headwind for near-term stock performance. Q1 Net Income Slips (MSN)
• Negative Sentiment: Analysts warn of near-term operational and supply-chain headwinds from the Iran conflict that could pressure regional activity and margins despite SLB’s strong balance sheet and buyback/dividend policy. Near-term headwinds (Seeking Alpha)

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Bank of America increased their target price on shares of SLB from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, January 26th. Barclays boosted their price target on shares of SLB from $49.00 to $51.00 and gave the stock an "overweight" rating in a research note on Monday. Evercore reiterated an "outperform" rating and issued a $64.00 price objective on shares of SLB in a research note on Monday. The Goldman Sachs Group lifted their target price on SLB from $53.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, March 4th. Finally, Stifel Nicolaus upped their price target on SLB from $56.00 to $61.00 and gave the stock a "buy" rating in a report on Monday. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.53.

SLB Trading Up 0.6%

Shares of NYSE:SLB opened at $55.59 on Wednesday. SLB Limited has a 52 week low of $31.64 and a 52 week high of $56.90. The company's 50 day moving average is $50.48 and its two-hundred day moving average is $44.12. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 0.35. The company has a market cap of $83.52 billion, a PE ratio of 24.27, a P/E/G ratio of 3.79 and a beta of 0.69.

SLB (NYSE:SLB - Get Free Report) last released its quarterly earnings data on Friday, April 24th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. The business had revenue of $8.72 billion during the quarter, compared to analysts' expectations of $8.76 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. The company's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. Equities analysts predict that SLB Limited will post 2.67 earnings per share for the current fiscal year.

SLB Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, June 3rd. SLB's payout ratio is 51.53%.

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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