Aventail Capital Group LP Takes Position in SLB Limited $SLB

Aventail Capital Group LP bought a new stake in SLB Limited (NYSE:SLB) during the fourth quarter, HoldingsChannel.com reports. The fund bought 1,566,200 shares of the oil and gas company’s stock, valued at approximately $60,111,000. SLB accounts for 3.5% of Aventail Capital Group LP’s holdings, making the stock its 4th biggest holding.

A number of other institutional investors have also recently bought and sold shares of the business. Boothbay Fund Management LLC increased its position in SLB by 198.7% during the fourth quarter. Boothbay Fund Management LLC now owns 100,071 shares of the oil and gas company’s stock worth $3,841,000 after buying an additional 66,570 shares during the last quarter. Align Financial LLC acquired a new position in SLB during the fourth quarter worth approximately $1,028,000. Guggenheim Capital LLC increased its position in SLB by 39.4% during the fourth quarter. Guggenheim Capital LLC now owns 133,671 shares of the oil and gas company’s stock worth $5,130,000 after buying an additional 37,814 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its position in SLB by 98.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 89,954 shares of the oil and gas company’s stock worth $3,452,000 after buying an additional 44,565 shares during the last quarter. Finally, DV Equities LLC acquired a new position in SLB during the fourth quarter worth approximately $78,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Trading Down 5.2%

Shares of NYSE:SLB opened at $50.30 on Thursday. 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 $75.20 billion, a PE ratio of 21.96, a P/E/G ratio of 2.15 and a beta of 0.70. The business has a 50 day moving average of $54.81 and a 200-day moving average of $48.95. 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 issued its quarterly earnings data on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share (EPS) 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 quarter in the previous year, the company posted $0.72 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts forecast that SLB Limited will post 2.62 earnings per share for the current year.

SLB Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, June 3rd. SLB’s payout ratio is currently 51.53%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Citigroup boosted their price target on SLB from $59.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Stifel Nicolaus boosted their price target on SLB from $56.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Jefferies Financial Group reissued a “buy” rating and set a $65.00 price target on shares of SLB in a research report on Sunday, April 26th. JPMorgan Chase & Co. boosted their price target on SLB from $54.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Finally, Susquehanna boosted their price target on SLB from $60.00 to $65.00 and gave the stock a “positive” rating in a research report on Monday, April 27th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.67.

More SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB said it aims to double digital business revenue to as much as $2 billion by 2030, highlighting a longer-term growth avenue beyond its core oilfield services business. SLB aims to double digital business revenue up to $2B by 2030
• Positive Sentiment: Management also outlined plans for an additional $10 billion in annual digital spending by 2030, reinforcing expectations that SLB’s software and digital offerings could become a more meaningful profit driver. SLB expects additional $10 billion in annual digital spending by 2030
• Positive Sentiment: SLB expanded its AI push with the launch of a digital marketplace, signaling continued investment in higher-margin technology-driven services. SLB expands AI strategy with launch of digital marketplace
• Neutral Sentiment: SLB’s analyst/investor day and CEO Olivier Le Peuch’s appearance with Jim Cramer are adding visibility and could shape sentiment, but these items are mainly informational unless new financial guidance emerges. SLB CEO Olivier Le Peuch goes one-on-one with Jim Cramer SLB N.V. (SLB) Analyst/Investor Day Transcript
• Neutral Sentiment: SLB is also trending on investor-watch lists and in market commentary, which may be adding short-term trading interest rather than changing the fundamental outlook. Jim Cramer Points to SLB for Critical Insights Into International Oil Production Here is What to Know Beyond Why SLB Limited (SLB) is a Trending Stock
• Negative Sentiment: Despite the positive strategic narrative, the stock has been trading lower recently, suggesting investors may still be weighing execution risk and broader sentiment toward energy services.

Insider Buying and Selling

In other news, Director La Chevardiere Patrick De sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was 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 $921,056.49. The trade was a 10.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Steve Matthew Gassen sold 53,379 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $56.18, for a total value of $2,998,832.22. Following the sale, the executive vice president owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. This represents a 52.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.16% of the company’s stock.

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.