Schlumberger (SLB)

• Market cap: $52B
• 1 day: -0.22%
• 5 days: -8.15%
• 1 month: -15.39%
• 3 months: -13.16%
• 6 months: -18.98%
• Year to date: -29.15%
• 1 year: -29.91%
• 5 years: -6.59%
• 10 years: -57.54%
• Sector: Energy
• Industry: Oil & Gas Field Services

About: SLB is the world's premier oilfield-services company as measured by market share. While the industry is mostly fragmented, SLB holds the first or second competitive position in many of the differentiated oligopolies it operates in. Also known as Schlumberger, the company was founded in 1926 by two brothers bearing the same last name. Today it's most known as a global industry leader in innovation, while it focuses its strategy on its three growth engines: its core, digital, and new energy businesses. Over three fourths of its revenue base is tied to international markets, while the company boasts well over $1 billion in digital-related revenue.

Employees: 111,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

16% more repeat investments, than reductions

Existing positions increased: 593 | Existing positions reduced: 510

0% less funds holding

Funds holding: 1,443 [Q2] → 1,438 (-5) [Q3]

3% less first-time investments, than exits

New positions opened: 154 | Existing positions closed: 159

3.63% less ownership

Funds ownership: 84.38% [Q2] → 80.75% (-3.63%) [Q3]

8% less funds holding in top 10

Funds holding in top 10: 24 [Q2] → 22 (-2) [Q3]

15% less capital invested

Capital invested by funds: $56.9B [Q2] → $48.2B (-$8.7B) [Q3]

32% less call options, than puts

Call options by funds: $660M | Put options by funds: $966M

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $46 25% upside
• Avg. target: $57 54% upside
• High target: $69 87% upside

12 analyst ratings

• positive: 10 83%
• neutral: 2 17%
• negative: 0 0%

Citigroup Scott Gruber 41% 1-year accuracy 27 / 66 met price target	36% upside $50	Buy Maintained	19 Dec 2024
Barclays David Anderson 43% 1-year accuracy 34 / 80 met price target	44% upside $53	Overweight Maintained	18 Dec 2024
Wells Fargo Roger Read 23% 1-year accuracy 23 / 99 met price target	25% upside $46	Equal-Weight Maintained	17 Dec 2024
TD Cowen Marc Bianchi 47% 1-year accuracy 14 / 30 met price target	76% upside $65	Buy Maintained	21 Oct 2024
Stifel Stephen Gengaro 50% 1-year accuracy 41 / 82 met price target	63% upside $60	Buy Reiterated	21 Oct 2024