SLB Limited $SLB Shares Sold by Nwam LLC

Key Points

• Nwam LLC reduced its SLB stake by 40% in the second quarter, selling 37,029 shares and retaining 55,623 shares valued at approximately $2.6 million. Institutional investors collectively own nearly 82% of SLB’s outstanding stock.
• Wall Street remains broadly positive, with an average rating of “Moderate Buy” and a consensus price target of $61.35, supported by multiple “outperform” and “buy” ratings.
• SLB exceeded quarterly earnings and revenue expectations, reporting $0.55 in EPS and $8.97 billion in revenue, while declaring a quarterly dividend of $0.295 per share, equivalent to a 2.1% annual yield.

Nwam LLC cut its stake in SLB Limited (NYSE:SLB - Free Report) by 40.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,623 shares of the oil and gas company's stock after selling 37,029 shares during the quarter. Nwam LLC's holdings in SLB were worth $2,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Evergreen Advisors LLC purchased a new position in SLB in the 1st quarter worth approximately $26,000. MV Capital Management Inc. acquired a new position in shares of SLB during the fourth quarter worth $28,000. Strategic Wealth Advisors LLC purchased a new position in shares of SLB in the fourth quarter valued at $30,000. Costello Asset Management INC grew its holdings in SLB by 93.3% during the 1st 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. purchased a new stake in SLB during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SLB. Evercore reissued an "outperform" rating and issued a $66.00 price objective on shares of SLB in a research report on Monday, July 27th. Wolfe Research started coverage on SLB in a report on Wednesday, July 8th. They issued an "outperform" rating and a $62.00 price target for the company. TD Cowen upped their target price on SLB from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Sanford C. Bernstein reiterated an "outperform" rating on shares of SLB in a research note on Tuesday. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $61.00 price target on shares of SLB in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $61.35.

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

SLB Stock Down 4.8%

NYSE:SLB opened at $57.20 on Wednesday. The company has a market capitalization of $84.89 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 3.96 and a beta of 0.73. SLB Limited has a one year low of $31.64 and a one year high of $60.46. 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 debt-to-equity ratio of 0.41, a quick ratio of 1.05 and a current ratio of 1.44.

SLB (NYSE:SLB - Get Free Report) last released its earnings results on Saturday, July 25th. The oil and gas company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. The company had revenue of $8.97 billion for the quarter, compared to the consensus estimate of $8.67 billion. SLB had a return on equity of 14.05% and a net margin of 8.53%.SLB's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. Sell-side analysts predict that SLB Limited will post 2.5 EPS for the current fiscal year.

SLB Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 2nd will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 2nd. SLB's payout ratio is currently 57.00%.

SLB 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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