Schlumberger Limited seems to be a hot topic in the financial sector. This comes as various prominent financial corporations like Stifel, Orion Portfolio, and TD Asset, advise an increase, decrease, or maintain their SLB stocks. Earnings figures that surpass estimates and a rising dividend that now stands at $0.175 manifest a promising financial ground. As more investors are exhibiting keen interest in the company, it's important to note that there have been instances of shares sale by insiders like Gavin Rennick and Demosthenis Pafitis. Meanwhile, organizations like Assetmark Inc. and Intech Investment Management chose to reduce their holdings in SLB. From the perspective of Q1 2024, SLB put forth strong revenue performances, which aligns with previous EPS (Earnings Per Share) projections. Looking at the international arena, it seems like Schlumberger's North American revenues are suffering, while their international business grows. Particular attention must also be drawn to Schlumberger's acquisition of ChampionX for $8 billion. Alongside this substantial transaction, the company's shares are going through fluctuations, sometimes advancing or falling in comparison to the broader market. Several investment groups such as Oak Family Advisors, Corient Private Wealth, and ING Groep NV, have increased their holdings in SLB. Despite recent flat performance, insiders predict optimism for the stock's future, theorizing
significant upside potential.
Schlumberger Limited SLB News Analytics from Wed, 27 Dec 2023 08:00:00 GMT to Thu, 30 May 2024 20:31:05 GMT -
Rating 5
- Innovation 3
- Information 8
- Rumor 2
