Schlumberger
About: SLB is the largest oilfield service firm in the world, with expertise in myriad disciplines, including reservoir performance, well construction, production enhancement, and more recently, digital solutions. It maintains a reputation as one of the industry's leading innovators, which has earned it dominant share in numerous end markets.
Employees: 111,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
18% more repeat investments, than reductions
Existing positions increased: 588 | Existing positions reduced: 500
2% less funds holding
Funds holding: 1,442 [Q2] → 1,418 (-24) [Q3]
3.81% less ownership
Funds ownership: 84.38% [Q2] → 80.57% (-3.81%) [Q3]
8% less funds holding in top 10
Funds holding in top 10: 24 [Q2] → 22 (-2) [Q3]
14% less first-time investments, than exits
New positions opened: 151 | Existing positions closed: 175
15% less capital invested
Capital invested by funds: $56.9B [Q2] → $48.1B (-$8.8B) [Q3]
32% less call options, than puts
Call options by funds: $660M | Put options by funds: $966M
Research analyst outlook
18 Wall Street Analysts provided 1 year price targets over the past 3 months
18 analyst ratings
Citigroup Scott Gruber 62% 1-year accuracy 18 / 29 met price target | 24%upside $54 | Buy Maintained | 22 Oct 2024 |
TD Cowen Marc Bianchi 71% 1-year accuracy 10 / 14 met price target | 49%upside $65 | Buy Maintained | 21 Oct 2024 |
Stifel Stephen Gengaro 50% 1-year accuracy 24 / 48 met price target | 38%upside $60 | Buy Reiterated | 21 Oct 2024 |
Evercore ISI Group James West 57% 1-year accuracy 17 / 30 met price target | 43%upside $62 | Outperform Maintained | 21 Oct 2024 |
Barclays David Anderson 47% 1-year accuracy 15 / 32 met price target | 40%upside $61 | Overweight Maintained | 21 Oct 2024 |
Financial journalist opinion
Based on 11 articles about SLB published over the past 30 days
