Wealthspire Advisors LLC, Quantbot Technologies LP and numerous other investment companies have reduced their holdings in Schlumberger Limited (NYSE:SLB), yet an array of other investment firms have increased their stakes. Despite fluctuations in share ownership and certain analyst confidence, SLB stock has seen a 10% fall this year. Investors have been attracted to it due to a belief in strong fundamentals and by Wall Street's bullish sentiments. The company intends to pay a dividend of $0.275 and is scheduled to post earnings soon. SLB's stock ownership changes and upcoming financial activities have stimulated investor attention and speculation. SLB is also involved in a strategic consolidation, reflected by the acquisition of an oilfield service company, ChampionX, in an all-stock deal. The company plans to announce Q1 2024 earnings and also recently reported their Q4 2023 results. Despite declining oil prices impacting SLB's stock and investors, optimism remains due to potential upside after the ChampionX acquisition.
Schlumberger Limited SLB News Analytics from Thu, 30 Nov 2023 08:00:00 GMT to Sun, 14 Jul 2024 15:57:50 GMT -
Rating 3
- Innovation -4
- Information 6
- Rumor 1
