Gateway Wealth Partners LLC Purchases 15,809 Shares of SLB Limited $SLB

Gateway Wealth Partners LLC increased its position in shares of SLB Limited (NYSE:SLB) by 229.2% in the first quarter, HoldingsChannel reports. The firm owned 22,705 shares of the oil and gas company’s stock after purchasing an additional 15,809 shares during the period. Gateway Wealth Partners LLC’s holdings in SLB were worth $1,167,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Fearnley Asset Management AS acquired a new position in SLB in the fourth quarter worth $8,574,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of SLB during the first quarter worth $47,528,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of SLB by 4.3% in the fourth 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. increased its stake in shares of SLB by 48.7% in the fourth quarter. Cibc World Market Inc. now owns 1,367,063 shares of the oil and gas company’s stock valued at $52,468,000 after buying an additional 447,667 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of SLB by 65.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 205,796 shares of the oil and gas company’s stock valued at $7,898,000 after buying an additional 81,045 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

Insider Activity at SLB

In other SLB news, Director La Chevardiere Patrick De sold 2,000 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $54.33, for a total value of $108,660.00. Following the sale, the director directly owned 16,953 shares in the company, valued at approximately $921,056.49. This trade represents a 10.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Steve Matthew Gassen sold 53,379 shares of SLB stock in a transaction on Friday, May 1st. The stock was 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 in the company, valued at approximately $2,664,111.78. This represents a 52.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.16% of the stock is currently owned by corporate insiders.

SLB Price Performance

SLB stock opened at $50.00 on Wednesday. The firm has a market capitalization of $74.76 billion, a P/E ratio of 24.16, a PEG ratio of 2.11 and a beta of 0.72. SLB Limited has a 1 year low of $31.64 and a 1 year high of $58.82. The business has a 50-day moving average of $50.91 and a 200-day moving average of $50.71. 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 announced its quarterly earnings results on Friday, July 24th. The oil and gas company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. SLB had a net margin of 8.53% and a return on equity of 14.05%. The business had revenue of $8.97 billion for the quarter, compared to the consensus estimate of $8.67 billion. During the same period last year, the company posted $0.74 EPS. SLB’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts anticipate that SLB Limited will post 2.49 EPS for the current year.

SLB Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 2nd will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 2nd. SLB’s dividend payout ratio is presently 57.00%.

Analyst Ratings Changes

Several research analysts recently issued reports on SLB shares. BMO Capital Markets upped their price target on shares of SLB from $59.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday. Morgan Stanley raised their price objective on shares of SLB from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday. UBS Group dropped their target price on shares of SLB from $69.00 to $66.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Piper Sandler upped their target price on shares of SLB from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Susquehanna upped their target price on shares of SLB from $55.00 to $62.00 and gave the stock a “positive” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.35.

SLB News Summary

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB exceeded second-quarter expectations, reporting adjusted EPS of $0.55 versus the $0.51 consensus and revenue of $8.97 billion versus $8.67 billion. Sequential revenue growth, margin expansion and stronger cash-flow prospects have prompted analysts to raise forecasts. SLB Analysts Increase Their Forecasts After Upbeat Q2 Results
• Positive Sentiment: Several firms increased their targets: Morgan Stanley raised its target to $55 and kept an Overweight rating, while BMO lifted its target to $63 and maintained Outperform. Goldman Sachs reiterated Buy with a $62 target, citing international recovery and data-center-related digital expansion. Goldman Sachs SLB Rating
• Positive Sentiment: Analysts see a stronger 2027 outlook driven by offshore and deepwater activity, digital solutions, production gains from ChampionX and a gradual recovery in international markets. SLB’s Q4 outlook reportedly calls for revenue above $10 billion and an adjusted EBITDA margin of about 24%. SLB Growth Outlook
• Neutral Sentiment: Analyst consensus is broadly bullish, but the stock’s roughly $50 price remains near its 50-day and 200-day moving averages, suggesting investors are waiting for clearer evidence that the expected recovery will materialize.
• Negative Sentiment: Middle East well shutdowns and geopolitical uncertainty continue to weigh on near-term operations. Falling oil prices, potential delays in regional recovery and elevated net debt could limit earnings momentum and explain why some brokers previously reduced targets. SLB CEO Sends Clear Message on Oil Services Upcycle

SLB Company 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.