Narwhal Capital Management Trims Stake in SLB Limited $SLB

Narwhal Capital Management lowered its position in SLB Limited (NYSE:SLB) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,007 shares of the oil and gas company’s stock after selling 13,974 shares during the period. Narwhal Capital Management’s holdings in SLB were worth $4,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Foster Victor Wealth Advisors LLC raised its holdings in shares of SLB by 3.0% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 8,281 shares of the oil and gas company’s stock worth $318,000 after buying an additional 238 shares during the period. apricus wealth LLC boosted its holdings in SLB by 0.3% during the 4th quarter. apricus wealth LLC now owns 84,740 shares of the oil and gas company’s stock valued at $3,252,000 after acquiring an additional 270 shares during the period. Private Trust Co. NA boosted its holdings in SLB by 9.2% during the 4th quarter. Private Trust Co. NA now owns 3,277 shares of the oil and gas company’s stock valued at $126,000 after acquiring an additional 277 shares during the period. Howard Capital Management Inc. grew its position in SLB by 3.2% in the 3rd quarter. Howard Capital Management Inc. now owns 9,165 shares of the oil and gas company’s stock valued at $315,000 after acquiring an additional 288 shares during the last quarter. Finally, Daymark Wealth Partners LLC increased its stake in SLB by 3.2% in the fourth quarter. Daymark Wealth Partners LLC now owns 9,380 shares of the oil and gas company’s stock worth $360,000 after purchasing an additional 290 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

SLB News Summary

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)

Analyst Ratings Changes

Several research firms have recently weighed in on SLB. Sanford C. Bernstein lifted their target price on SLB from $52.30 to $56.10 and gave the stock an “outperform” rating in a research report on Thursday, March 12th. Bank of America upped their price target on shares of SLB from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Citigroup raised their price target on shares of SLB from $53.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Royal Bank Of Canada reiterated an “outperform” rating and set a $61.00 price objective on shares of SLB in a report on Monday. Finally, Barclays upped their target price on shares of SLB from $49.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, SLB has an average rating of “Moderate Buy” and an average price target of $57.53.

SLB Price Performance

Shares of SLB stock opened at $55.59 on Wednesday. SLB Limited has a twelve month low of $31.64 and a twelve month high of $56.90. The stock has a market capitalization of $83.52 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 3.79 and a beta of 0.69. The stock has a fifty day simple moving average of $50.48 and a two-hundred day simple moving average of $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.

SLB (NYSE:SLB) last announced its quarterly earnings results on Friday, April 24th. The oil and gas company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.76 billion. SLB had a return on equity of 15.54% and a net margin of 9.26%.The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. On average, analysts predict that SLB Limited will post 2.67 EPS for the current fiscal year.

SLB Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.18 dividend on an annualized basis and a yield of 2.1%. SLB’s dividend payout ratio (DPR) is 51.53%.

SLB 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.