SLB Limited $SLB Stock Holdings Lessened by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC cut its holdings in SLB Limited (NYSE:SLB) by 4.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 187,978 shares of the oil and gas company’s stock after selling 9,445 shares during the period. SLB comprises approximately 1.1% of Live Oak Private Wealth LLC’s holdings, making the stock its 29th biggest position. Live Oak Private Wealth LLC’s holdings in SLB were worth $8,739,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Nan Shan Life Insurance Co. Ltd. grew its holdings in shares of SLB by 513.8% during the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 736,544 shares of the oil and gas company’s stock valued at $34,242,000 after purchasing an additional 616,544 shares during the last quarter. Independence Bank of Kentucky lifted its holdings in shares of SLB by 15.8% in the 2nd quarter. Independence Bank of Kentucky now owns 10,629 shares of the oil and gas company’s stock worth $494,000 after purchasing an additional 1,449 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of SLB in the 2nd quarter worth approximately $249,000. Quantitative Investment Management LLC acquired a new position in SLB during the 2nd quarter valued at approximately $3,747,000. Finally, Moore Capital Management LP acquired a new position in SLB during the 2nd quarter valued at approximately $8,857,000. Institutional investors own 81.99% of the company’s stock.

Trending Headlines about SLB

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 Trading 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 quick ratio of 1.05 and a current ratio of 1.44. SLB Limited has a 1 year low of $31.64 and a 1 year high of $60.46. The stock has a fifty day moving average of $50.13 and a two-hundred day moving average of $51.52. The firm has a market capitalization of $84.89 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 3.96 and a beta of 0.73.

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

SLB Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 2nd will be paid 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 (DPR) is presently 57.00%.

Analysts Set New Price Targets

SLB has been the topic of several analyst reports. Stifel Nicolaus increased their target price on SLB from $61.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Jefferies Financial Group restated a “buy” rating and set a $66.00 price target on shares of SLB in a research report on Sunday, July 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $61.00 price objective on shares of SLB in a report on Tuesday, June 16th. TD Cowen lifted their price objective on shares of SLB from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Finally, Piper Sandler boosted their target price on shares of SLB from $59.00 to $64.00 and gave the company an “overweight” rating in a research note 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.35.

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.