Diversify Wealth Management LLC Acquires New Stake in SLB Limited $SLB

Diversify Wealth Management LLC acquired a new position in shares of SLB Limited (NYSE:SLB) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,547 shares of the oil and gas company’s stock, valued at approximately $755,000.

Other hedge funds have also recently added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new position in SLB in the fourth quarter valued at $28,000. Strategic Wealth Advisors LLC acquired a new position in SLB during the 4th quarter worth approximately $30,000. Costello Asset Management INC boosted its holdings in SLB by 93.3% in the first quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 280 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in SLB in the 4th quarter valued at $31,000. Finally, Steph & Co. grew its holdings in shares of SLB by 97.5% during the fourth quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 394 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

SLB Price Performance

Shares of NYSE:SLB opened at $47.07 on Friday. The stock has a market cap of $70.38 billion, a PE ratio of 20.56, a PEG ratio of 1.95 and a beta of 0.72. SLB Limited has a 52 week low of $31.64 and a 52 week high of $58.82. The company’s fifty day moving average is $52.02 and its 200 day moving average is $50.25. 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 results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. The business had revenue of $8.72 billion for the quarter, compared to analysts’ expectations of $8.76 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 EPS. Research analysts anticipate that SLB Limited will post 2.56 earnings per share for the current year.

SLB Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating and set a $54.00 price target on shares of SLB in a report on Wednesday. JPMorgan Chase & Co. upped their price target on SLB from $54.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Sanford C. Bernstein lifted their price objective on shares of SLB from $56.10 to $71.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Evercore reissued an “outperform” rating and issued a $64.00 price target on shares of SLB in a report on Monday, April 27th. Finally, Barclays lowered their price objective on SLB from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.30.

Insider Buying and Selling at SLB

In related 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 value of $108,660.00. Following the transaction, the director owned 16,953 shares of the company’s stock, valued at $921,056.49. This trade represents a 10.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Steve Matthew Gassen sold 53,379 shares of SLB 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 sale, the executive vice president directly owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. This trade represents a 52.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.16% of the stock is owned by company insiders.

More SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB announced a new alliance with Liberty Energy to provide modular natural-gas power and infrastructure for data centers, giving the company exposure to the rapidly growing AI power market and a potentially new high-margin revenue stream. Article Title
• Positive Sentiment: Some analysts and commentators are increasingly bullish on SLB’s digital business, arguing that its AI-related and software-like offerings could support a higher valuation multiple over time. Article Title
• Positive Sentiment: Several pieces noted that SLB still appears to trade at a discount to fair value based on cash flow and valuation models, which may appeal to value-oriented investors if the new growth initiatives gain traction. Article Title
• Neutral Sentiment: Zacks flagged SLB as a trending stock, reflecting elevated investor interest rather than a specific new fundamental catalyst. Article Title
• Neutral Sentiment: Market coverage also highlighted that SLB’s stock has had a mixed recent run, with its longer-term returns still solid but recent trading weaker, keeping attention on upcoming earnings and management commentary. Article Title

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.