SLB Limited $SLB Holdings Cut by Nwam LLC

Nwam LLC cut its stake in shares of SLB Limited (NYSE:SLB) by 40.0% in the 2nd quarter, Holdings Channel reports. The firm owned 55,623 shares of the oil and gas company’s stock after selling 37,029 shares during the quarter. Nwam LLC’s holdings in SLB were worth $2,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Evergreen Advisors LLC bought a new stake in shares of SLB in the 1st quarter worth approximately $26,000. MV Capital Management Inc. bought a new position in SLB during the 4th quarter worth $28,000. Strategic Wealth Advisors LLC bought a new position in SLB during the 4th quarter worth $30,000. Costello Asset Management INC increased its position in SLB by 93.3% in the first quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock worth $30,000 after buying an additional 280 shares during the period. Finally, Lloyd Advisory Services LLC. acquired a new stake in SLB in the fourth quarter worth $31,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group reissued a “buy” rating on shares of SLB in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SLB in a report on Monday, August 3rd. Raymond James Financial cut their price objective on shares of SLB from $62.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. Wolfe Research initiated coverage on shares of SLB in a research note on Wednesday, July 8th. They set an “outperform” rating and a $62.00 target price for the company. Finally, Evercore restated an “outperform” rating and issued a $66.00 target price on shares of SLB in a research report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, SLB currently has an average rating of “Moderate Buy” and a consensus target price of $61.35.

More SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB agreed to acquire Kelvion, a global provider of thermal-management and heat-exchange equipment, for approximately $3.4 billion in cash plus assumed debt, implying a total transaction value of about $4.1 billion. The deal strengthens SLB’s Data Center Solutions business and gives it exposure to the rapidly expanding AI-driven data-center cooling market. SLB to acquire Kelvion for $3.4 billion
• Positive Sentiment: Management said Kelvion could help expand SLB’s data-center revenue opportunity to roughly $4.5 billion–$5 billion by 2028, adding thermal-management technology, cross-selling opportunities and potential synergies to its existing digital and infrastructure businesses. SLB’s Kelvion Deal Expands Its Data Center Growth Platform
• Positive Sentiment: SLB also acquired S&P Global’s upstream-energy software portfolio, broadening its digital product offering and potentially increasing recurring software revenue. The transaction supports SLB’s strategy of diversifying beyond traditional oilfield services. S&P Global Completes Sale Of Upstream Energy Software Portfolio To SLB
• Neutral Sentiment: Higher oil prices linked to renewed Middle East tensions and a reported U.S.-Venezuela oil agreement may provide a supportive backdrop for energy stocks, but these developments are industry-wide rather than specific to SLB. Why ExxonMobil, Chevron, SLB, and Other Energy Stocks Climbed Today
• Negative Sentiment: Investors appear concerned that SLB is paying a full price—about 11 times Kelvion’s EBITDA—for a business outside its traditional oilfield-services focus. Funding, integration and execution risks could pressure near-term returns, particularly after a substantial recent rally. SLB Pays 11 Times EBITDA to Enter the Cooling Rack
• Negative Sentiment: One market view downgraded SLB to “hold,” arguing that much of the expected upside is already reflected in the valuation. The company also faces uncertainty from slower oilfield activity and the challenge of integrating multiple growth initiatives. SLB: Downgrading To A Hold After A 60% Rally

SLB Stock Down 4.8%

Shares of SLB stock opened at $57.20 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 1.05. SLB Limited has a 1-year low of $31.64 and a 1-year high of $60.46. The business’s fifty day moving average price is $50.13 and its two-hundred day moving average price is $51.52. The company has a market capitalization of $84.89 billion, a P/E ratio of 27.63, a PEG ratio of 3.96 and a beta of 0.73.

SLB (NYSE:SLB) last released its quarterly earnings results on Saturday, July 25th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $8.97 billion during the quarter, compared to analysts’ expectations of $8.67 billion. SLB had a return on equity of 14.05% and a net margin of 8.53%.The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 earnings per share. As a group, research analysts forecast that SLB Limited will post 2.5 EPS for the current year.

SLB Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 2nd 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 is Wednesday, September 2nd. SLB’s dividend payout ratio is currently 57.00%.

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.