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 Q2 SEC filings by fund managers ($100M+ AUM)
22% more repeat investments, than reductions
Existing positions increased: 603 | Existing positions reduced: 496
1.62% more ownership
Funds ownership: 81.3% [Q1] → 82.92% (+1.62%) [Q2]
4% less funds holding
Funds holding: 1,499 [Q1] → 1,441 (-58) [Q2]
12% less capital invested
Capital invested by funds: $63.8B [Q1] → $55.9B (-$7.87B) [Q2]
14% less funds holding in top 10
Funds holding in top 10: 29 [Q1] → 25 (-4) [Q2]
28% less call options, than puts
Call options by funds: $724M | Put options by funds: $1B
30% less first-time investments, than exits
New positions opened: 134 | Existing positions closed: 192
Research analyst outlook
17 Wall Street Analysts provided 1 year price targets over the past 3 months
17 analyst ratings
Barclays David Anderson 33% 1-year accuracy 10 / 30 met price target | 43%upside $63 | Overweight Maintained | 16 Oct 2024 |
B of A Securities Chase Mulvehill 20% 1-year accuracy 4 / 20 met price target | 23%upside $54 | Buy Maintained | 14 Oct 2024 |
Stifel Stephen Gengaro 59% 1-year accuracy 19 / 32 met price target | 41%upside $62 | Buy Maintained | 11 Oct 2024 |
Susquehanna Charles Minervino 27% 1-year accuracy 15 / 56 met price target | 36%upside $60 | Positive Maintained | 11 Oct 2024 |
BMO Capital Phillip Jungwirth 8% 1-year accuracy 1 / 12 met price target | 32%upside $58 | Outperform Maintained | 10 Oct 2024 |
Financial journalist opinion
Based on 32 articles about SLB published over the past 30 days