Several investment management companies including Vontobel Holding Ltd, Strategic Financial Concepts LLC, Sovran Advisors LLC, WCM Investment Management LLC, Capital Advisors Inc., and Cambiar Investors LLC are initiating or increasing their stake in Schlumberger Limited (SLB), reflecting a strong belief in the company's future profitability. These buying actions send a positive signal to the stock market and could potentially drive up Schlumberger's share price. Meanwhile, Bank Pictet & Cie Europe AG and Violich Capital Management Inc. have made a contrasting move by selling off a sizable number of SLB shares. As the company eyes layoffs due to a reorganization, analysts remain bullish giving SLB an average target price of $55.81. Schlumberger's appointment of a new chief strategy and performance officer could lead to improved business outcomes and accelerated growth for the firm. Several market analysts have tagged SLB as one of the most undervalued and promising energy stocks to buy right now, further placing it in a favorable light for investors.
Schlumberger Limited SLB News Analytics from Sat, 24 Aug 2024 07:00:00 GMT to Sat, 15 Feb 2025 11:02:44 GMT -
Rating 7
- Innovation 6
- Information 5
- Rumor -3
