Diversify Wealth Management LLC Takes $755,000 Position in SLB Limited $SLB

Diversify Wealth Management LLC acquired a new stake in shares of SLB Limited (NYSE:SLB) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,547 shares of the oil and gas company’s stock, valued at approximately $755,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SLB. Brighton Jones LLC lifted its holdings in SLB by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after purchasing an additional 1,166 shares in the last quarter. Bison Wealth LLC acquired a new stake in shares of SLB in the fourth quarter valued at approximately $238,000. Marshall Wace LLP acquired a new position in SLB during the second quarter worth $8,628,000. Nebula Research & Development LLC grew its holdings in shares of SLB by 76.0% in the second quarter. Nebula Research & Development LLC now owns 24,373 shares of the oil and gas company’s stock valued at $824,000 after purchasing an additional 10,522 shares during the period. Finally, Diversify Advisory Services LLC increased its holdings in shares of SLB by 7.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 11,326 shares of the oil and gas company’s stock worth $373,000 after buying an additional 799 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

SLB Stock Performance

Shares of SLB stock opened at $47.07 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.34. The stock has a fifty day moving average price of $52.02 and a 200 day moving average price of $50.25. SLB Limited has a 1 year low of $31.64 and a 1 year high of $58.82. The stock has a market cap of $70.38 billion, a PE ratio of 20.56, a P/E/G ratio of 1.95 and a beta of 0.72.

SLB (NYSE:SLB) last released its quarterly earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share 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 company had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.76 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts forecast that SLB Limited will post 2.56 earnings per share for the current fiscal year.

SLB Dividend Announcement

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

Key SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB announced a new alliance with Liberty Energy to provide modular natural-gas power and infrastructure for data centers, giving the company exposure to the rapidly growing AI power market and a potentially new high-margin revenue stream. Article Title
• Positive Sentiment: Some analysts and commentators are increasingly bullish on SLB’s digital business, arguing that its AI-related and software-like offerings could support a higher valuation multiple over time. Article Title
• Positive Sentiment: Several pieces noted that SLB still appears to trade at a discount to fair value based on cash flow and valuation models, which may appeal to value-oriented investors if the new growth initiatives gain traction. Article Title
• Neutral Sentiment: Zacks flagged SLB as a trending stock, reflecting elevated investor interest rather than a specific new fundamental catalyst. Article Title
• Neutral Sentiment: Market coverage also highlighted that SLB’s stock has had a mixed recent run, with its longer-term returns still solid but recent trading weaker, keeping attention on upcoming earnings and management commentary. Article Title

Insider Buying and Selling at SLB

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 transaction of $2,998,832.22. Following the sale, the executive vice president directly owned 47,421 shares in the company, valued at $2,664,111.78. The trade was a 52.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the director directly owned 16,953 shares in the company, valued at $921,056.49. This represents a 10.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of SLB from $61.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Morgan Stanley reissued an “overweight” rating and issued a $54.00 price objective on shares of SLB in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on SLB from $54.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Jefferies Financial Group restated a “buy” rating and issued a $65.00 target price on shares of SLB in a report on Sunday, April 26th. Finally, Wolfe Research assumed coverage on shares of SLB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $62.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, SLB has a consensus rating of “Moderate Buy” and an average target price of $60.30.

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.