Schlumberger Limited (SLB) has witnessed various buying and selling activities in its shares as reported by several wealth management firms, pointing to active investor interest. Despite a
10% drop this year, many firms, like
Mission Wealth Management LP and
Ashton Thomas Private Wealth LLC, have raised their stakes in the company. Amid these developments, SLB is planning to acquire
ChampionX. The consolidation plans, coupled with strong Q4 2023 performance, suggest potential upside for the firm. However, the stock lagged the market due to declining oil prices. Analysts overall maintain a
'Moderate Buy' recommendation for SLB, reflecting optimism about the company's revenue estimates. The firm is set to pay a dividend of
$0.275, offering a steady income stream for shareholders. Finally, SLB posted in-line Q1 2024 estimates, but the earnings were deemed 'solid but unspectacular,' putting a damper on the company's recent performance.
Schlumberger Limited SLB News Analytics from Thu, 30 Nov 2023 08:00:00 GMT to Sun, 07 Jul 2024 12:53:44 GMT -
Rating 5
- Innovation 2
- Information 6
- Rumor -3
