MASTERINVEST Kapitalanlage GmbH Has $3.58 Million Holdings in SLB Limited $SLB

MASTERINVEST Kapitalanlage GmbH lessened its position in shares of SLB Limited (NYSE:SLB) by 23.5% in the first quarter, Holdings Channel.com reports. The firm owned 69,582 shares of the oil and gas company’s stock after selling 21,345 shares during the period. MASTERINVEST Kapitalanlage GmbH’s holdings in SLB were worth $3,576,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SLB. Sanctuary Advisors LLC lifted its stake in SLB by 89.6% in the 1st quarter. Sanctuary Advisors LLC now owns 478,183 shares of the oil and gas company’s stock valued at $24,574,000 after acquiring an additional 226,031 shares in the last quarter. Camden National Bank bought a new position in shares of SLB during the 1st quarter worth approximately $207,000. Checchi Capital Advisers LLC grew its stake in shares of SLB by 26.4% during the 1st quarter. Checchi Capital Advisers LLC now owns 9,395 shares of the oil and gas company’s stock worth $483,000 after acquiring an additional 1,960 shares in the last quarter. Nwam LLC raised its holdings in shares of SLB by 23.4% in the first quarter. Nwam LLC now owns 92,652 shares of the oil and gas company’s stock valued at $4,761,000 after purchasing an additional 17,563 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new stake in shares of SLB in the first quarter valued at approximately $1,627,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Sanford C. Bernstein increased their target price on shares of SLB from $56.10 to $71.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. TD Cowen lowered their price target on shares of SLB from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Citigroup cut their price target on shares of SLB from $68.00 to $63.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Wolfe Research initiated coverage on shares of SLB in a research note on Wednesday, July 8th. They set an “outperform” rating and a $62.00 price objective for the company. Finally, Raymond James Financial reduced their price objective on shares of SLB from $62.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday. Two research 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.80.

SLB Stock Performance

SLB opened at $47.56 on Wednesday. SLB Limited has a 12-month low of $31.64 and a 12-month high of $58.82. The stock has a market cap of $71.11 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.92 and a beta of 0.72. The business has a 50 day moving average of $52.29 and a 200-day moving average of $50.11. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 0.35.

SLB (NYSE:SLB) last posted its 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 business had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.76 billion. During the same period in the previous year, the firm earned $0.72 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that SLB Limited will post 2.59 earnings per share for the current year.

SLB Dividend Announcement

The business also recently disclosed 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%.

Insider Buying and Selling at SLB

In other news, Director La Chevardiere Patrick De sold 2,000 shares of the firm’s stock in a transaction dated 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 owned 16,953 shares in the company, valued at approximately $921,056.49. This trade represents a 10.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Steve Matthew Gassen sold 53,379 shares of SLB stock in a transaction dated 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 of the company’s stock, valued at $2,664,111.78. The trade was a 52.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.16% of the stock is owned by insiders.

SLB News Roundup

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB announced a strategic alliance with Liberty Energy to provide modular infrastructure and integrated power generation solutions for new data center projects worldwide, giving investors a new growth angle tied to AI-driven power demand. SLB, Liberty Energy to Form Strategic Alliance for Data Center Infrastructure and Power
• Positive Sentiment: SLB’s OneSubsea joint venture won a major EPC contract from Eni for Phase 3 of the Baleine deepwater project offshore Côte d’Ivoire, strengthening its subsea backlog and supporting long-term offshore revenue visibility. SLB OneSubsea Awarded EPC Contract for Eni’s Baleine Phase 3 Project Offshore Côte d’Ivoire
• Positive Sentiment: Additional reports said SLB shares edged higher as investors reacted to the Liberty Energy deal, with the market viewing the partnership as a way for SLB to capitalize on surging data center power demand. Reuters article on SLB partners with Liberty Energy to supply modular parts, power to data centers

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.