Schlumberger Limited (SLB), the renowned oilfield service company, is being closely watched by many investors. It has experienced a 3.4% loss over the past year but recent activity shows an uptick which could comfort institutional owners. This trend of
rising investor interest comes as several financial groups are increasing their holdings in SLB, including Dodge & Cox, Northwest Bank & Trust Co, and V Square Quantitative Management LLC. Notably, SLB's shares are also being acquired by Price T Rowe Associates Inc. MD and Cohen & Steers Inc. SLB's performance has occasionally contrasted with market trends, with the stock dipping or rising as the overall market moves in the opposite direction. Despite hitting a 12-month low at $42.62, SLB's stock has risen by 39.3% year-to-date. The company's strong fundamentals are believed to be driving its recent market performance. SLB is projected to pay a
dividend of $0.275 and its Q1 2024 earnings call transcript suggests a positive future. The company has also surpassed revenue estimates and aligned with EPS projections. Despite declining oil prices and potential risks, Wall Street remains optimistic about SLB as it continues to provide essential services and shows potential for higher growth.
Schlumberger Limited SLB News Analytics from Sun, 12 Nov 2023 08:00:00 GMT to Sun, 16 Jun 2024 17:33:52 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 2
