Rokos Capital Management LLP Takes Position in SLB Limited $SLB

Rokos Capital Management LLP acquired a new position in shares of SLB Limited (NYSE:SLB) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 688,602 shares of the oil and gas company’s stock, valued at approximately $35,391,000.

Other institutional investors have also recently modified their holdings of the company. Evelyn Partners Investment Management LLP lifted its stake in SLB by 0.3% in the 1st quarter. Evelyn Partners Investment Management LLP now owns 82,629 shares of the oil and gas company’s stock valued at $4,246,000 after buying an additional 287 shares in the last quarter. Quantinno Capital Management LP increased its position in SLB by 38.6% during the first quarter. Quantinno Capital Management LP now owns 733,174 shares of the oil and gas company’s stock worth $37,678,000 after buying an additional 204,009 shares in the last quarter. Clough Capital Partners L P purchased a new position in SLB during the first quarter worth $18,257,000. Gateway Wealth Partners LLC raised its holdings in shares of SLB by 229.2% in the first quarter. Gateway Wealth Partners LLC now owns 22,705 shares of the oil and gas company’s stock worth $1,167,000 after acquiring an additional 15,809 shares during the last quarter. Finally, Turim 21 Investimentos Ltda. acquired a new position in shares of SLB in the first quarter worth $192,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Key SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Analysts raised targets: BMO Capital Markets increased its target from $59 to $63 and maintained an “outperform” rating, while Morgan Stanley raised its target from $54 to $55 and assigned an “overweight” rating. Analyst price-target updates
• Positive Sentiment: Q2 exceeded expectations: SLB reported adjusted earnings of $0.55 per share versus the $0.51 consensus estimate and revenue of $8.97 billion versus expectations of $8.67 billion. Sequentially, revenue rose 3% and adjusted EBITDA increased 7%, with margin expansion. SLB analysts increase forecasts
• Positive Sentiment: Longer-term growth catalysts are strengthening: RBC Capital Markets expects SLB’s growth drivers to converge in 2027 and beyond, led by a multiyear offshore cycle. Deepwater activity, digital demand, energy-security spending and a gradual Middle East recovery could support revenue, margins and cash flow. SLB growth drivers
• Positive Sentiment: Management’s outlook remains encouraging: Analysts highlighted guidance for fourth-quarter revenue above $10 billion and an adjusted EBITDA margin near 24%, supporting the view that a stronger 2027 may not yet be fully reflected in the valuation. SLB stronger 2027 outlook
• Neutral Sentiment: Investors are assessing international revenue trends, particularly the pace and durability of growth outside North America, for implications for Wall Street estimates. SLB international revenue trends
• Negative Sentiment: Near-term concerns remain: Second-quarter earnings declined from $0.74 per share a year earlier, and Middle East disruptions continue to weigh on operations. The anticipated recovery is gradual, leaving investors focused on execution and the timing of offshore and regional demand improvements. SLB Q2 earnings call

Analysts Set New Price Targets

A number of research firms recently commented on SLB. Morgan Stanley increased their price objective on SLB from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday. Citigroup reduced their target price on shares of SLB from $68.00 to $63.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Piper Sandler raised their price target on shares of SLB from $59.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday. 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 report on Monday. Finally, UBS Group reduced their price objective on shares of SLB from $69.00 to $66.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $61.35.

Insider Buying and Selling at SLB

In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of the business’s 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 completion of the sale, the executive vice president owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director La Chevardiere Patrick De sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $54.33, for a total value of $108,660.00. Following the completion of the transaction, the director owned 16,953 shares in the company, valued at approximately $921,056.49. This trade represents a 10.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.16% of the stock is owned by insiders.

SLB Trading Down 1.6%

NYSE SLB opened at $51.59 on Tuesday. The company has a market cap of $77.13 billion, a P/E ratio of 24.92, a P/E/G ratio of 2.12 and a beta of 0.72. SLB Limited has a 12 month low of $31.64 and a 12 month high of $58.82. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 1.05. The company has a 50-day moving average of $51.05 and a 200-day moving average of $50.66.

SLB (NYSE:SLB) last released its earnings results on Friday, July 24th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. SLB had a net margin of 8.53% and a return on equity of 14.05%. The business had revenue of $8.97 billion for the quarter, compared to analysts’ expectations of $8.67 billion. During the same period last year, the company earned $0.74 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, equities analysts predict that SLB Limited will post 2.52 earnings per share for the current year.

SLB Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.295 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.18 annualized dividend and a dividend yield of 2.3%. SLB’s payout ratio is currently 57.00%.

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.