Schlumberger Limited (SLB) has generated significant attention from various investment entities, with a mix of share purchases, sales, and portfolio adjustments. Notably, Banco Santander S.A., M&G Plc, and Nwam LLC increased their stakes, while Sei Investments Co. and Choate Investment Advisors reduced theirs.
Q2 2024 earnings beat expectations, with revenues on an upward trajectory. This positive financial outlook has been attributed to strong international drilling demand. SLB is set to issue
$0.28 per share as a quarterly dividend. However,
Stock's short-term weakness is expected to be temporary given its robust fundamentals. Meanwhile, President of New Energy, Gavin Rennick, sold some of his SLB shares. Schlumberger's performance presents a
trending opportunity for investors even as it fell by 10% this year. The company is in line with EPS projections, surpassing revenue estimates in Q1 2024. SLB is set to acquire oilfield service company ChampionX in an all-stock deal, consolidating its market position while stimulating future growth prospects. Despite falling oil prices, Wall Street remains bullish about Schlumberger.
Schlumberger Limited SLB News Analytics from Thu, 30 Nov 2023 08:00:00 GMT to Sun, 21 Jul 2024 16:19:27 GMT -
Rating 7
- Innovation -4
- Information 9
- Rumor 2
