Cambiar Investors LLC Boosts Stake in SLB Limited $SLB

Cambiar Investors LLC increased its stake in shares of SLB Limited (NYSE:SLB) by 5.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,377,653 shares of the oil and gas company’s stock after buying an additional 67,850 shares during the quarter. SLB comprises approximately 2.2% of Cambiar Investors LLC’s investment portfolio, making the stock its 16th biggest holding. Cambiar Investors LLC owned 0.09% of SLB worth $47,350,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SLB. Hedges Asset Management LLC lifted its position in SLB by 0.9% during the 3rd quarter. Hedges Asset Management LLC now owns 35,000 shares of the oil and gas company’s stock worth $1,203,000 after acquiring an additional 300 shares during the period. Legacy Wealth Asset Management LLC lifted its holdings in shares of SLB by 2.2% during the second quarter. Legacy Wealth Asset Management LLC now owns 14,382 shares of the oil and gas company’s stock worth $486,000 after purchasing an additional 308 shares during the period. NewSquare Capital LLC boosted its position in SLB by 51.4% in the second quarter. NewSquare Capital LLC now owns 1,004 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 341 shares during the last quarter. Choreo LLC increased its holdings in SLB by 0.8% in the 2nd quarter. Choreo LLC now owns 45,222 shares of the oil and gas company’s stock worth $1,541,000 after buying an additional 357 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. raised its position in SLB by 2.3% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 16,062 shares of the oil and gas company’s stock worth $543,000 after buying an additional 365 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Key SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Multiple brokerages raised ratings/targets and issued bullish notes (BofA raised to $55, BMO to $55, Susquehanna to $58, RBC to $54, JPMorgan to $54; Argus upgraded to “strong-buy”), supporting upside expectations and buy-side demand. Analyst Upgrades Summary
• Neutral Sentiment: Analysts and commentators are re-examining SLB’s role in evolving energy markets and international revenue trends — pieces that provide context on valuation and growth drivers but are not immediate catalysts. Is SLB Pricing Reflect Its Role In Evolving Energy Markets? Interpreting SLB International Revenue Trends
• Negative Sentiment: SLB’s joint venture with Aker Carbon Capture reported a loss on a carbon-capture project, raising near-term execution/asset-quality questions for the CC business. That news could temper enthusiasm for SLB’s energy-transition growth narrative. SLB and Aker CC venture hit by loss on carbon capture project
• Negative Sentiment: Several senior insiders sold material stakes on Jan. 26 (CFO Stéphane Biguet, EVP Abdellah Merad, CAO Howard Guild, director La Chevardière Patrick De, and insider Dianne Ralston). Large insider disposals can be perceived negatively by the market even if they’re routine or for diversification. SEC filings: CFO Read More.; CAO Read More.; EVP Read More.; director Read More.; insider Ralston Read More.

Insider Buying and Selling at SLB

In other SLB news, CAO Howard Guild sold 13,268 shares of the stock in a transaction on Monday, January 26th. The shares were sold at an average price of $49.70, for a total transaction of $659,419.60. Following the transaction, the chief accounting officer directly owned 22,407 shares of the company’s stock, valued at $1,113,627.90. This trade represents a 37.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter John Coleman sold 5,500 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $35.82, for a total transaction of $197,010.00. Following the sale, the director directly owned 18,671 shares of the company’s stock, valued at $668,795.22. This represents a 22.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 260,849 shares of company stock worth $11,668,003. 0.22% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on SLB. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SLB in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of SLB from $43.00 to $54.00 and gave the company an “overweight” rating in a report on Monday. Piper Sandler increased their price target on SLB from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Redburn Partners set a $48.00 price objective on SLB in a report on Monday, November 3rd. Finally, Stifel Nicolaus set a $56.00 target price on SLB in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $51.92.

SLB Stock Up 2.0%

SLB opened at $50.70 on Wednesday. The company has a fifty day moving average of $40.71 and a two-hundred day moving average of $36.89. The stock has a market capitalization of $75.81 billion, a price-to-earnings ratio of 21.39 and a beta of 0.72. SLB Limited has a fifty-two week low of $31.11 and a fifty-two week high of $51.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.33.

SLB (NYSE:SLB) last posted its earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. SLB had a net margin of 9.45% and a return on equity of 17.45%. The business had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.54 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts expect that SLB Limited will post 3.38 earnings per share for the current year.

SLB Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from SLB’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 11th. SLB’s dividend payout ratio (DPR) is presently 48.10%.

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.