<div id="readability-page-1"><p>Madison Asset Management LLC bought a new stake in shares of  SLB Limited (NYSE:SLB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor  bought 34,649 shares of the oil and gas company's stock, valued at approximately $1,330,000.</p><ul><li>MarketBeat Week in Review – 05/04 - 05/08</li></ul><p>Other institutional investors and hedge funds also recently made changes to their positions in the company. Steph &amp; Co. boosted its position in shares of  SLB by 97.5% during the 4th quarter. Steph &amp; Co. now owns 798 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 394 shares in the last quarter.  Strategic Wealth Advisors LLC bought a new stake in shares of  SLB during the 4th quarter valued at about $30,000.  Thurston Springer Miller Herd &amp; Titak Inc. bought a new stake in shares of  SLB during the 4th quarter valued at about $31,000.  Root Financial Partners LLC bought a new stake in shares of  SLB during the 3rd quarter valued at about $29,000.  Finally, Eagle Bay Advisors LLC bought a new stake in shares of  SLB during the 4th quarter valued at about $34,000. Institutional investors own  81.99% of the company's stock. </p><h2>Insiders Place Their Bets</h2><p>In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of the firm's stock in a transaction on Friday, May 1st. The stock was sold at an average price of $56.18, for a total value of $2,998,832.22. Following the completion of the sale, the executive vice president directly owned 47,421 shares of the company's stock, valued at $2,664,111.78. This trade represents a 52.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director La Chevardiere Patrick De sold 2,000 shares of the firm's 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 directly owned 16,953 shares of the company's stock, valued at $921,056.49. This represents a 10.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own  0.16% of the company's stock. </p><h2>SLB Stock Performance</h2><ul><li>SLB’s Tough Quarter Masks a Powerful Long-Term Shift</li></ul><p>Shares of SLB opened at $55.70 on Friday. 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 capitalization of $83.28 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 3.90 and a beta of 0.72. The stock has a 50 day moving average of $51.29 and a 200 day moving average of $45.63. SLB Limited has a 12 month low of $31.64 and a 12 month high of $57.20. </p><p>SLB (NYSE:SLB - Get Free Report) last issued its quarterly earnings results on Saturday, April 25th. The oil and gas company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.01. SLB had a return on equity of 15.54% and a net margin of 9.26%.The company had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $8.76 billion. During the same period last year, the business posted $0.72 earnings per share. SLB's revenue was up 2.7% on a year-over-year basis.  As a group, sell-side analysts forecast that  SLB Limited will post 2.61 earnings per share for the current year. </p><h2>SLB Dividend Announcement</h2><ul><li>3 ETFs to Benefit From Oil Price Surge Without Direct Investment</li></ul><p>The company 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 $0.295 dividend. 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 dividend payout ratio (DPR) is currently 51.53%. </p><h2>Analyst Ratings Changes</h2><p>Several brokerages recently commented on SLB. Piper Sandler upped their target price on SLB from $53.00 to $59.00 and gave the company an &#34;overweight&#34; rating in a research report on Wednesday, April 15th. Evercore  restated an &#34;outperform&#34; rating and set a $64.00 target price on shares of SLB in a research report on Monday, April 27th. Sanford C. Bernstein upped their target price on SLB from $56.10 to $71.00 and gave the company an &#34;outperform&#34; rating in a research report on Monday. JPMorgan Chase &amp; Co. upped their target price on SLB from $54.00 to $61.00 and gave the company an &#34;overweight&#34; rating in a research report on Monday, April 27th. Finally, Bank of America upped their target price on SLB from $50.00 to $55.00 and gave the company a &#34;buy&#34; rating in a research report on Monday, January 26th. Three 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 assigned  a Sell rating to the company. According to data from MarketBeat, the company  has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $59.74.</p><p><b>Read Our Latest Report on SLB</b></p><h2>SLB Profile</h2> (Free Report)<p>SLB <span>NYSE: SLB<span></span></span>, 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.  </p><p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than SLB</li><li>YETI Rallies After Earnings Beat and Raised Outlook</li><li>How the 3 Leading Quantum Firms Stack Up After Q1 Earnings</li><li>Cisco’s Vertical Rally May Still Be in the Early Innings</li><li>Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now</li></ul><p><strong>Want to see what other hedge funds are holding SLB?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SLB Limited (NYSE:SLB - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNMQg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNMQg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in SLB Right Now?</h2><p>Before you consider SLB, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SLB wasn't on the list.</p><p>While SLB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Madison Asset Management LLC acquired 34,649 shares of SLB Limited (NYSE:SLB) valued at approximately $1.33 million during Q4, as reported in a recent SEC filing. Other institutional investors also increased their stakes in SLB. The company reported a quarterly EPS of $0.52, beating estimates, and announced a quarterly dividend of $0.295, with a yield of 2.1%. Analysts have raised target prices for SLB, reflecting positive sentiment.</p>

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MicroSectors Oil & Gas Expl & Prod -3X Inverse Lev ETN

VanEck Oil Services ETF

SPDR O&G Ex & Prd

MicroSectors Oil & Gas Exploration & Production 3X Lev ETN

iShares US Oil Equip & Svcs

SPDR O&G Equip

ProShares Ultra Energy

Piper Sandler Cos

Evercore

JPMorgan Chase

Bank of America

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JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

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BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

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BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

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BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

Madison Asset Management LLC Purchases Shares of 34,649 SLB Limited $SLB