Nwam LLC Has $4.76 Million Stock Holdings in SLB Limited $SLB

Nwam LLC raised its stake in SLB Limited (NYSE:SLB) by 23.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,652 shares of the oil and gas company’s stock after purchasing an additional 17,563 shares during the quarter. Nwam LLC’s holdings in SLB were worth $4,761,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Abel Hall LLC boosted its holdings in shares of SLB by 2.7% in the 1st quarter. Abel Hall LLC now owns 7,535 shares of the oil and gas company’s stock valued at $387,000 after buying an additional 198 shares during the last quarter. Private Wealth Asset Management LLC increased its holdings in SLB by 4.1% during the fourth quarter. Private Wealth Asset Management LLC now owns 5,041 shares of the oil and gas company’s stock worth $193,000 after buying an additional 200 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in SLB by 9.3% during the first quarter. Capital Advisors Ltd. LLC now owns 2,503 shares of the oil and gas company’s stock worth $129,000 after buying an additional 214 shares during the last quarter. Ballentine Partners LLC raised its position in SLB by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 10,288 shares of the oil and gas company’s stock worth $395,000 after acquiring an additional 218 shares in the last quarter. Finally, Davis Capital Management raised its position in SLB by 1.0% during the first quarter. Davis Capital Management now owns 21,968 shares of the oil and gas company’s stock worth $1,129,000 after acquiring an additional 220 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Activity at SLB

In related news, Director La Chevardiere Patrick De sold 2,000 shares of SLB 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 directly owned 16,953 shares of the company’s stock, valued at approximately $921,056.49. This trade represents a 10.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Steve Matthew Gassen sold 53,379 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $56.18, for a total value of $2,998,832.22. Following the completion of the sale, the executive vice president owned 47,421 shares of the company’s stock, valued at $2,664,111.78. This trade represents a 52.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.16% of the stock is currently owned by corporate insiders.

SLB Stock Performance

NYSE SLB opened at $47.56 on Wednesday. The firm has a 50-day moving average of $52.29 and a 200-day moving average of $50.11. 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 market cap of $71.11 billion, a PE ratio of 20.77, a P/E/G ratio of 1.92 and a beta of 0.72. SLB Limited has a 52-week low of $31.64 and a 52-week high of $58.82.

SLB (NYSE:SLB) last announced its earnings results on Saturday, April 25th. The oil and gas company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The business had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $8.76 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. SLB’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. On average, sell-side analysts anticipate that SLB Limited will post 2.59 EPS for the current year.

SLB Announces Dividend

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

Analyst Ratings Changes

A number of analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of SLB from $54.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Weiss Ratings cut shares of SLB from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. TD Cowen dropped their target price on shares of SLB from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Barclays raised their target price on shares of SLB from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Sanford C. Bernstein boosted their price target on SLB from $56.10 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.80.

Trending Headlines about SLB

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

About SLB

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.