Nan Shan Life Insurance Co. Ltd. Acquires 616,544 Shares of SLB Limited $SLB

Nan Shan Life Insurance Co. Ltd. lifted its holdings in shares of SLB Limited (NYSE:SLB) by 513.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 736,544 shares of the oil and gas company’s stock after purchasing an additional 616,544 shares during the quarter. Nan Shan Life Insurance Co. Ltd.’s holdings in SLB were worth $34,242,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Evergreen Advisors LLC acquired a new stake in shares of SLB during the first quarter worth $26,000. MV Capital Management Inc. acquired a new position in SLB in the 4th quarter worth $28,000. Strategic Wealth Advisors LLC bought a new position in SLB during the 4th quarter worth about $30,000. Costello Asset Management INC lifted its holdings in shares of SLB by 93.3% in the first quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 280 shares in the last quarter. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of SLB in the fourth quarter worth $31,000. 81.99% of the stock is owned by institutional investors.

Key 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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SLB shares. Zacks Research upgraded shares of SLB from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Raymond James Financial dropped their price target 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. Citigroup decreased their price objective on shares of SLB from $68.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. UBS Group restated a “buy” rating on shares of SLB in a research note on Tuesday. Finally, Evercore reaffirmed an “outperform” rating and issued a $66.00 target price on shares of SLB in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $61.35.

SLB Stock Performance

NYSE:SLB opened at $57.20 on Wednesday. The stock has a market cap of $84.89 billion, a P/E ratio of 27.63, a PEG ratio of 3.96 and a beta of 0.73. The stock has a 50 day simple moving average of $50.13 and a 200 day simple moving average of $51.52. 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 Limited has a 1-year low of $31.64 and a 1-year high of $60.46.

SLB (NYSE:SLB) last announced its earnings results on Saturday, July 25th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $8.97 billion for the quarter, compared to analyst estimates of $8.67 billion. During the same quarter in the prior year, the business posted $0.74 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. Research analysts anticipate that SLB Limited will post 2.5 earnings per share for the current year.

SLB Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 2nd will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.18 annualized dividend and a yield of 2.1%. SLB’s dividend payout ratio is currently 57.00%.

About SLB

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.