Expect Equity LLC Makes New $1.67 Million Investment in SLB Limited $SLB

Expect Equity LLC purchased a new stake in shares of SLB Limited (NYSE:SLB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 35,942 shares of the oil and gas company’s stock, valued at approximately $1,671,000.

Several other large investors have also modified their holdings of the company. Evergreen Advisors LLC acquired a new position in shares of SLB during the 1st quarter worth about $26,000. Costello Asset Management INC grew 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 last quarter. Arlington Trust Co LLC increased its position in SLB by 66.5% in the 2nd quarter. Arlington Trust Co LLC now owns 701 shares of the oil and gas company’s stock worth $33,000 after buying an additional 280 shares during the period. MV Capital Management Inc. acquired a new position in shares of SLB during the fourth quarter worth approximately $28,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of SLB in the second quarter valued at approximately $35,000. 81.99% of the stock is owned by institutional investors.

SLB Price Performance

NYSE:SLB opened at $53.31 on Wednesday. The company has a 50-day moving average of $49.31 and a 200-day moving average of $51.31. The company has a market capitalization of $79.12 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 3.56 and a beta of 0.73. SLB Limited has a 52 week low of $31.64 and a 52 week high of $58.82. 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 (NYSE:SLB) last issued its earnings results on Saturday, July 25th. The oil and gas company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. SLB had a net margin of 8.53% and a return on equity of 14.05%. The business had revenue of $8.97 billion for the quarter, compared to analyst estimates of $8.67 billion. During the same period in the previous year, the business earned $0.74 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts anticipate that SLB Limited will post 2.5 earnings per share for the current fiscal year.

SLB Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 2nd will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, September 2nd. SLB’s dividend payout ratio is currently 57.00%.

SLB News Summary

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB secured access to valuable Venezuelan oilfield data through a contract with state-run PDVSA. The information could support future reservoir evaluation and technology projects in a country with the world’s largest crude reserves, though regulatory and geopolitical risks remain. Reuters: SLB gains access to Venezuela oilfield data through contract
• Positive Sentiment: SLB was selected as strategic reservoir partner for Harbour Energy’s Havstjerne carbon storage project in Norway’s North Sea. The company will provide technology and engineering services during the concept and front-end engineering and design phases, strengthening its position in carbon-management markets. SLB Selected as Strategic Reservoir Partner for the Havstjerne Carbon Storage Project
• Positive Sentiment: The company launched its ExaCT electrical downhole coiled-tubing control system, which provides real-time electrical communication, power and telemetry. SLB says the technology can improve intervention precision, reservoir access and operational visibility, potentially supporting future product adoption. SLB Launches ExaCT Electrical Downhole CT Control System
• Neutral Sentiment: Unusually heavy call-option activity indicates increased speculative interest, but options volume does not guarantee sustained buying or a change in fundamentals. SLB options trading activity
• Negative Sentiment: SLB shares underperformed during the latest session even as the broader market advanced. Coverage characterized the move as a market and positioning issue rather than citing a new deterioration in operations. Investors may also be assessing valuation after the stock’s strong recovery and the company’s earnings outlook.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SLB shares. Morgan Stanley raised their price objective on shares of SLB from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Barclays raised their price target on shares of SLB from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Citigroup dropped their price objective on shares of SLB from $68.00 to $63.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Raymond James Financial cut their price objective on shares of SLB from $62.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. Finally, Zacks Research cut shares of SLB from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.