Schlumberger Limited (SLB), a trending stock, is attracting attention with its impressive performance in recent years. The company reported strong first-quarter earnings, beating estimates to a large extent, and high institutional ownership signals strong backing. There is a mix of stock transactions noted, with CTO selling off large number of shares while several institutions such as Principal Securities Inc., Quotient Wealth Partners, and Dimensional Fund Advisors amongst others, have made significant purchases. However, despite these buy-ins, other institutions such as Vestor Capital, Victory Capital Management, and Teacher Retirement System of Texas have reduced their SLB holdings. SLB stock has witnessed fluctuations, demonstrating both surges and declines, reflecting the market's volatility. It has maintained its dividends and shows strong financials that have driven its recent rally. However, a drop in market cap has raised concerns amongst institutional owners. Despite a decrease in North America revenue, international business growth shows promise. The dividend analysis, earnings growth, and strong fourth-quarter results indicate potential future gains. Despite operations in Russia involving risks, analysts believe SLB is a good investment. However, investors must remain cautious as some predict a decline in 2024.
Schlumberger Limited SLB News Analytics from Mon, 06 Nov 2023 08:00:00 GMT to Thu, 16 May 2024 09:06:41 GMT -
Rating 6
- Innovation 3
- Information 8
- Rumor 2
