Nan Shan Life Insurance Co. Ltd. Buys 616,544 Shares of SLB Limited $SLB

Nan Shan Life Insurance Co. Ltd. grew its stake in shares of SLB Limited (NYSE:SLB) by 513.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 736,544 shares of the oil and gas company’s stock after buying an additional 616,544 shares during the period. Nan Shan Life Insurance Co. Ltd.’s holdings in SLB were worth $34,242,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in shares of SLB by 1.0% in the fourth quarter. State Street Corp now owns 84,417,217 shares of the oil and gas company’s stock valued at $3,263,998,000 after purchasing an additional 799,218 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in SLB by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 54,006,438 shares of the oil and gas company’s stock worth $2,072,844,000 after buying an additional 1,458,650 shares in the last quarter. Morgan Stanley boosted its stake in SLB by 1.3% during the fourth quarter. Morgan Stanley now owns 37,095,243 shares of the oil and gas company’s stock worth $1,423,716,000 after buying an additional 482,533 shares in the last quarter. Geode Capital Management LLC increased its stake in SLB by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 33,840,883 shares of the oil and gas company’s stock valued at $1,292,993,000 after acquiring an additional 510,747 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in SLB in the second quarter worth about $1,339,567,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB agreed to acquire Kelvion, a global provider of thermal-management and heat-exchange equipment, for approximately $3.4 billion in cash plus assumed debt, implying a total transaction value of about $4.1 billion. The deal strengthens SLB’s Data Center Solutions business and gives it exposure to the rapidly expanding AI-driven data-center cooling market. SLB to acquire Kelvion for $3.4 billion
• Positive Sentiment: Management said Kelvion could help expand SLB’s data-center revenue opportunity to roughly $4.5 billion–$5 billion by 2028, adding thermal-management technology, cross-selling opportunities and potential synergies to its existing digital and infrastructure businesses. SLB’s Kelvion Deal Expands Its Data Center Growth Platform
• Positive Sentiment: SLB also acquired S&P Global’s upstream-energy software portfolio, broadening its digital product offering and potentially increasing recurring software revenue. The transaction supports SLB’s strategy of diversifying beyond traditional oilfield services. S&P Global Completes Sale Of Upstream Energy Software Portfolio To SLB
• Neutral Sentiment: Higher oil prices linked to renewed Middle East tensions and a reported U.S.-Venezuela oil agreement may provide a supportive backdrop for energy stocks, but these developments are industry-wide rather than specific to SLB. Why ExxonMobil, Chevron, SLB, and Other Energy Stocks Climbed Today
• Negative Sentiment: Investors appear concerned that SLB is paying a full price—about 11 times Kelvion’s EBITDA—for a business outside its traditional oilfield-services focus. Funding, integration and execution risks could pressure near-term returns, particularly after a substantial recent rally. SLB Pays 11 Times EBITDA to Enter the Cooling Rack
• Negative Sentiment: One market view downgraded SLB to “hold,” arguing that much of the expected upside is already reflected in the valuation. The company also faces uncertainty from slower oilfield activity and the challenge of integrating multiple growth initiatives. SLB: Downgrading To A Hold After A 60% Rally

SLB Stock Performance

Shares of SLB stock opened at $57.20 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 1.05. The firm has a market cap of $84.89 billion, a P/E ratio of 27.63, a P/E/G ratio of 3.96 and a beta of 0.73. The firm has a 50 day simple moving average of $50.13 and a 200 day simple moving average of $51.52. SLB Limited has a fifty-two week low of $31.64 and a fifty-two week high of $60.46.

SLB (NYSE:SLB) last released its earnings results on Saturday, July 25th. The oil and gas company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. The company had revenue of $8.97 billion during the quarter, compared to analysts’ expectations of $8.67 billion. SLB had a return on equity of 14.05% and a net margin of 8.53%.The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.74 EPS. Sell-side analysts predict that SLB Limited will post 2.5 earnings per share for the current fiscal year.

SLB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 2nd will be paid a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.18 dividend on an annualized basis and a yield of 2.1%. SLB’s dividend payout ratio (DPR) is presently 57.00%.

Wall Street Analysts Forecast Growth

SLB has been the subject of a number of recent research reports. Morgan Stanley increased their target price on SLB from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SLB in a research report on Tuesday. Barclays increased their price objective on SLB from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Evercore reissued an “outperform” rating and set a $66.00 price objective on shares of SLB in a report on Monday, July 27th. Finally, Piper Sandler boosted their target price on shares of SLB from $59.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.35.

SLB Profile

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.