SLB Limited $SLB Shares Acquired by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC grew its position in SLB Limited (NYSE:SLB) by 18.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,143 shares of the oil and gas company’s stock after purchasing an additional 10,120 shares during the quarter. Hardman Johnston Global Advisors LLC’s holdings in SLB were worth $2,539,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SLB in the 4th quarter valued at $31,000. Root Financial Partners LLC acquired a new stake in shares of SLB in the 3rd quarter valued at $29,000. Corsicana & Co. acquired a new stake in shares of SLB in the 3rd quarter valued at $31,000. Strengthening Families & Communities LLC acquired a new stake in shares of SLB in the 3rd quarter valued at $31,000. Finally, SouthState Bank Corp raised its holdings in shares of SLB by 57.4% in the 3rd quarter. SouthState Bank Corp now owns 1,212 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 442 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of SLB from $53.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Bank of America lifted their price target on shares of SLB from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Loop Capital set a $48.00 price target on shares of SLB in a research note on Tuesday, January 27th. Piper Sandler lifted their price target on shares of SLB from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of SLB from $43.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.27.

Key Stories Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB OneSubsea won a contract to deliver a high‑pressure, high‑temperature (HPHT) multiphase boosting system for the Shenandoah deepwater field — a high‑value subsea award that should add backlog, reinforce SLB’s deepwater tech leadership and support higher‑margin service revenue. SLB OneSubsea secures subsea boosting deal for Shenandoah field
• Positive Sentiment: SLB completed its acquisition of Norway’s HydraWell Intervention AS, adding proprietary plug‑and‑abandonment and integrity remediation tech — expands SLB’s addressable market in well decommissioning and could improve long‑term service pricing and recurring revenue opportunities (article notes some investor debate around valuation). SLB HydraWell Deal Expands Well Decommissioning Role And Valuation Debate
• Positive Sentiment: SLB expanded its offshore footprint via partnerships and digital deals (including activity with PETRONAS, Subsea7 in Suriname and digital operations in Angola) — broadens regional exposure and digital service offerings that can drive higher utilization and recurring software/monitoring revenue. SLB Signs PETRONAS Subsea Deal, Expands Digital Operations in Angola
• Positive Sentiment: Coverage and investor interest: a Susquehanna analyst published a bullish note expecting SLB shares to rise, and inclusion/visibility via Russell 1000 ETF exposure may attract passive flows — both can support near‑term demand for the stock. SLB Stock Price Expected to Rise, Susquehanna Analyst Says Russell 1000 ETF Exposure
• Positive Sentiment: Corporate governance: shareholders strongly supported SLB’s 2026 annual meeting proposals — continuity for management strategy and capital allocation reduces execution risk. SLB Shareholders Strongly Support 2026 Annual Meeting Proposals
• Neutral Sentiment: Sector performance piece comparing Q4 results provides context on SLB versus peers — useful for benchmarking but not an immediate stock catalyst. Winners And Losers Of Q4: SLB Vs The Rest Of The Oilfield Services Stocks
• Negative Sentiment: Macro/headline risk: reports that a ceasefire in Iran pushed energy prices lower could weigh on oilfield activity and dayrates if sustained — a headwind for cyclical services demand even though some repair/maintenance opportunities may emerge. Iran’s Ceasefire Sends Energy Lower. Why Oil Services Stocks Are Holding Up.

SLB Price Performance

Shares of NYSE:SLB opened at $51.97 on Monday. SLB Limited has a 12 month low of $31.64 and a 12 month high of $54.80. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market capitalization of $78.08 billion, a P/E ratio of 21.93, a P/E/G ratio of 3.72 and a beta of 0.69. The company’s fifty day moving average price is $49.72 and its 200 day moving average price is $42.49.

SLB (NYSE:SLB) last issued its quarterly earnings data on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $9.54 billion. During the same period last year, the firm posted $0.92 EPS. SLB’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, sell-side analysts predict that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Wednesday, February 11th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, February 11th. This is an increase from SLB’s previous quarterly dividend of $0.29. SLB’s payout ratio is 49.79%.

Insider Activity at SLB

In other SLB news, CFO Stephane Biguet sold 61,017 shares of the firm’s 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 transaction, the chief financial officer directly owned 155,548 shares of the company’s stock, valued at approximately $7,730,735.60. This trade represents a 28.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Howard Guild sold 13,268 shares of the firm’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $49.70, for a total transaction of $659,419.60. Following the transaction, the chief accounting officer directly owned 22,407 shares in the company, valued at $1,113,627.90. The trade was a 37.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 156,902 shares of company stock worth $7,796,666 in the last three months. Company insiders own 0.16% of the company’s stock.

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.