ClearAlpha Technologies LP Reduces Stock Holdings in SLB Limited $SLB

ClearAlpha Technologies LP trimmed its position in SLB Limited (NYSE:SLB) by 60.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,037 shares of the oil and gas company’s stock after selling 18,720 shares during the period. SLB comprises 1.3% of ClearAlpha Technologies LP’s portfolio, making the stock its 24th biggest holding. ClearAlpha Technologies LP’s holdings in SLB were worth $462,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SLB. Strategic Wealth Advisors LLC purchased a new position in shares of SLB during the 4th quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SLB during the 4th quarter valued at about $31,000. Steph & Co. lifted its position in shares of SLB by 97.5% during the 4th quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 394 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new position in shares of SLB during the 4th quarter valued at about $31,000. Finally, Bruce G. Allen Investments LLC lifted its position in shares of SLB by 37.0% during the 4th quarter. Bruce G. Allen Investments LLC now owns 841 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 227 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $65.00 price objective on shares of SLB in a research report on Sunday, April 26th. Morgan Stanley set a $57.00 price objective on SLB in a research report on Monday, April 27th. The Goldman Sachs Group lifted their price objective on SLB from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. lifted their price objective on SLB from $54.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, Stifel Nicolaus lifted their price objective on SLB from $56.00 to $61.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.67.

SLB Stock Performance

NYSE:SLB opened at $50.30 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.98. SLB Limited has a 1 year low of $31.64 and a 1 year high of $58.82. The stock’s 50 day simple moving average is $54.81 and its two-hundred day simple moving average is $48.95. The company has a market cap of $75.20 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 2.15 and a beta of 0.70.

SLB (NYSE:SLB) last released its quarterly earnings data on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, topping 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 business had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.76 billion. During the same quarter in the previous year, the company posted $0.72 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that SLB Limited will post 2.62 earnings per share for the current fiscal year.

SLB Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd will be paid a $0.295 dividend. 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 2.3%. SLB’s payout ratio is presently 51.53%.

SLB News Summary

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB said it aims to double digital business revenue to as much as $2 billion by 2030, highlighting a longer-term growth avenue beyond its core oilfield services business. SLB aims to double digital business revenue up to $2B by 2030
• Positive Sentiment: Management also outlined plans for an additional $10 billion in annual digital spending by 2030, reinforcing expectations that SLB’s software and digital offerings could become a more meaningful profit driver. SLB expects additional $10 billion in annual digital spending by 2030
• Positive Sentiment: SLB expanded its AI push with the launch of a digital marketplace, signaling continued investment in higher-margin technology-driven services. SLB expands AI strategy with launch of digital marketplace
• Neutral Sentiment: SLB’s analyst/investor day and CEO Olivier Le Peuch’s appearance with Jim Cramer are adding visibility and could shape sentiment, but these items are mainly informational unless new financial guidance emerges. SLB CEO Olivier Le Peuch goes one-on-one with Jim Cramer SLB N.V. (SLB) Analyst/Investor Day Transcript
• Neutral Sentiment: SLB is also trending on investor-watch lists and in market commentary, which may be adding short-term trading interest rather than changing the fundamental outlook. Jim Cramer Points to SLB for Critical Insights Into International Oil Production Here is What to Know Beyond Why SLB Limited (SLB) is a Trending Stock
• Negative Sentiment: Despite the positive strategic narrative, the stock has been trading lower recently, suggesting investors may still be weighing execution risk and broader sentiment toward energy services.

Insider Buying and Selling

In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of SLB stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director La Chevardiere Patrick De sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $54.33, for a total value of $108,660.00. Following the transaction, the director directly owned 16,953 shares in the company, valued at approximately $921,056.49. This represents a 10.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.16% of the company’s stock.

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.