SLB Limited $SLB Shares Bought by OMERS ADMINISTRATION Corp

27 Jul 2026, 10:18 by Tristan Rich · The Markets Daily

OMERS ADMINISTRATION Corp lifted its stake in shares of SLB Limited (NYSE:SLB – Free Report) by 115.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,536 shares of the oil and gas company’s stock after purchasing an additional 59,215 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in SLB were worth $5,680,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of SLB in the 4th quarter worth $809,557,000. Bank of New York Mellon Corp increased its stake in shares of SLB by 56.8% during the first quarter. Bank of New York Mellon Corp now owns 24,615,243 shares of the oil and gas company’s stock worth $1,264,977,000 after acquiring an additional 8,918,412 shares during the period. Wellington Management Group LLP raised its holdings in SLB by 50.6% during the fourth quarter. Wellington Management Group LLP now owns 16,635,566 shares of the oil and gas company’s stock worth $638,473,000 after purchasing an additional 5,589,585 shares in the last quarter. State Street Corp raised its holdings in 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. Finally, Capital International Investors lifted its position in SLB by 86.9% in the fourth quarter. Capital International Investors now owns 11,627,072 shares of the oil and gas company’s stock valued at $446,247,000 after purchasing an additional 5,404,948 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director La Chevardiere Patrick De sold 2,000 shares of SLB stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $54.33, for a total value of $108,660.00. Following the completion of the sale, the director owned 16,953 shares of the company’s stock, valued at $921,056.49. The trade was a 10.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steve Matthew Gassen sold 53,379 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $56.18, for a total value of $2,998,832.22. Following the completion of the transaction, the executive vice president owned 47,421 shares of the company’s stock, valued at $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.16% of the company’s stock.

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

SLB Trading Up 0.0%

SLB stock opened at $52.43 on Monday. The stock has a market cap of $78.39 billion, a PE ratio of 25.33, a P/E/G ratio of 2.12 and a beta of 0.72. SLB Limited has a 52 week low of $31.64 and a 52 week high of $58.82. The company has a current ratio of 1.44, a quick ratio of 1.05 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $51.16 and a 200 day moving average price of $50.60.

SLB (NYSE:SLB – Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $8.97 billion during the quarter, compared to analyst estimates of $8.67 billion. SLB had a net margin of 8.53% and a return on equity of 14.05%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 earnings per share. Equities research analysts predict that SLB Limited will post 2.52 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, October 8th. Shareholders of record on Wednesday, September 2nd will be issued a $0.295 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $1.18 annualized dividend and a yield of 2.3%. SLB’s payout ratio is 51.53%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SLB shares. UBS Group lowered their price objective on SLB from $69.00 to $66.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $61.00 target price on shares of SLB in a research note on Tuesday, June 16th. Barclays reduced their price target on SLB from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Stifel Nicolaus upped their price objective on SLB from $61.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Finally, JPMorgan Chase & Co. upped their target price on shares of SLB from $54.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, SLB currently has an average rating of “Moderate Buy” and an average target price of $60.35.

Read Our Latest Research Report on SLB

SLB Company Profile

(Free Report)

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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