Nwam LLC Has $4.76 Million Holdings in SLB Limited $SLB

Nwam LLC increased its holdings in SLB Limited (NYSE:SLB) by 23.4% in the first quarter, Holdings Channel reports. The institutional investor owned 92,652 shares of the oil and gas company’s stock after buying an additional 17,563 shares during the period. Nwam LLC’s holdings in SLB were worth $4,761,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. MV Capital Management Inc. acquired a new position in SLB in the fourth quarter valued at about $28,000. Strategic Wealth Advisors LLC acquired a new stake in SLB during the fourth quarter worth about $30,000. Costello Asset Management INC increased its holdings in SLB by 93.3% in the 1st quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 280 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in SLB in the 4th quarter valued at about $31,000. Finally, Steph & Co. raised its position in shares of SLB by 97.5% in 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. 81.99% of the stock is currently owned by institutional investors.

SLB Stock Up 0.4%

SLB stock opened at $47.56 on Wednesday. The firm has a 50-day moving average price of $52.29 and a 200-day moving average price of $50.11. SLB Limited has a 12 month low of $31.64 and a 12 month high of $58.82. 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 stock has a market capitalization of $71.11 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.92 and a beta of 0.72.

SLB (NYSE:SLB) last announced its quarterly earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.76 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 EPS. As a group, equities research analysts anticipate that SLB Limited will post 2.59 EPS for the current fiscal year.

SLB Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, June 3rd. SLB’s payout ratio is presently 51.53%.

Analyst Upgrades and Downgrades

SLB has been the subject of a number of recent analyst reports. Wolfe Research initiated coverage on shares of SLB in a report on Wednesday, July 8th. They set an “outperform” rating and a $62.00 price target for the company. Raymond James Financial decreased their price objective on shares of SLB from $62.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday. UBS Group lowered their price objective on shares of SLB from $69.00 to $66.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Susquehanna cut their target price on SLB from $65.00 to $55.00 and set a “positive” rating for the company in a research note on Wednesday, July 8th. Finally, Sanford C. Bernstein raised their target price on SLB from $56.10 to $71.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.80.

Insiders Place Their Bets

In other news, Director La Chevardiere Patrick De sold 2,000 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $54.33, for a total transaction of $108,660.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steve Matthew Gassen sold 53,379 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $56.18, for a total value of $2,998,832.22. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.16% of the company’s stock.

SLB News Roundup

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB announced a strategic alliance with Liberty Energy to provide modular infrastructure and integrated power generation solutions for new data center projects worldwide, giving investors a new growth angle tied to AI-driven power demand. SLB, Liberty Energy to Form Strategic Alliance for Data Center Infrastructure and Power
• Positive Sentiment: SLB’s OneSubsea joint venture won a major EPC contract from Eni for Phase 3 of the Baleine deepwater project offshore Côte d’Ivoire, strengthening its subsea backlog and supporting long-term offshore revenue visibility. SLB OneSubsea Awarded EPC Contract for Eni’s Baleine Phase 3 Project Offshore Côte d’Ivoire
• Positive Sentiment: Additional reports said SLB shares edged higher as investors reacted to the Liberty Energy deal, with the market viewing the partnership as a way for SLB to capitalize on surging data center power demand. Reuters article on SLB partners with Liberty Energy to supply modular parts, power to data centers

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.