Schlumberger Limited (SLB) has been prominent in the market with various significant activities.
DekaBank Deutsche Girozentrale sold 41,380 shares of the company while
Jacobs Levy Equity Management Inc. and
Tidal Investments LLC bought considerable shares. While SLB shares have shown some weakness, experts believe it's temporary given its strong fundamentals.
The company has surpassed Q2 2024 estimates and continues to attract investor attention. With companies like
Lazard Asset Management LLC and
Acadian Asset Management LLC boosting their positions in SLB, it signals positive market sentiment.
Despite some dips, Schlumberger exceeded market returns and aligned with EPS projections. The company is set to pay dividends of US$0.275 and is viewed positively in terms of valuation. Several brokerage firms have given it a 'moderate buy' recommendation, and Wall Street looks optimistic about its prospects.
Its acquisitions, particularly the ChampionX deal, foretell potential growth opportunities. Declining oil prices have exerted pressure on SLB stock, and the company's CFO and EVP selling off shares needs monitoring. Nevertheless, the market fails to fully appreciate SLB's growth prospects, and analysts suggest a strong buy after earnings.
Schlumberger Limited SLB News Analytics from Mon, 11 Dec 2023 08:00:00 GMT to Sun, 04 Aug 2024 17:10:46 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -3
