Hsbc Holdings PLC Purchases 586,358 Shares of SLB Limited $SLB

Hsbc Holdings PLC increased its position in shares of SLB Limited (NYSE:SLB) by 19.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,639,626 shares of the oil and gas company’s stock after purchasing an additional 586,358 shares during the quarter. Hsbc Holdings PLC owned approximately 0.25% of SLB worth $169,082,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SLB. Evergreen Advisors LLC purchased a new stake in SLB during the first quarter valued at about $26,000. MV Capital Management Inc. purchased a new stake in shares of SLB during the 4th quarter valued at approximately $28,000. Strategic Wealth Advisors LLC bought a new position in SLB in the 4th quarter worth approximately $30,000. Costello Asset Management INC raised 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 acquiring an additional 280 shares during the period. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of SLB during the fourth quarter worth $31,000. Institutional investors own 81.99% of the company’s stock.

Key Headlines Impacting SLB

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.

SLB Stock Performance

NYSE SLB opened at $53.31 on Wednesday. SLB Limited has a 52-week low of $31.64 and a 52-week high of $58.82. The company has a fifty 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 P/E ratio of 25.75, a P/E/G ratio of 3.56 and a beta of 0.73. 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 released its quarterly earnings results on Saturday, July 25th. The oil and gas company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. SLB had a return on equity of 14.05% and a net margin of 8.53%.The business had revenue of $8.97 billion for the quarter, compared to the consensus estimate of $8.67 billion. During the same quarter last year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts predict that SLB Limited will post 2.5 EPS for the current fiscal year.

SLB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, September 2nd. SLB’s dividend payout ratio (DPR) is presently 57.00%.

Analyst Ratings Changes

SLB has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $61.00 price target on shares of SLB in a report on Tuesday, June 16th. BMO Capital Markets lifted their target price on SLB from $59.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Zacks Research downgraded shares of SLB from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Susquehanna boosted their price objective on shares of SLB from $55.00 to $62.00 and gave the company a “positive” rating in a research note on Monday, July 27th. Finally, Morgan Stanley upped their price target on shares of SLB from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, SLB currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.35.

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.