5 Best Energy Stocks to Buy Now

4. Schlumberger Limited (NYSE:SLB)

No. of Hedge Fund Holders: 64

Schlumberger Limited (NYSE:SLB) serves the oil and gas sector. It provides technology for reservoir characterization, production, drilling, and processing.

On July 27, Benchmark analyst Douglas Becker upgraded Schlumberger Limited (NYSE:SLB) stock from Hold to Buy rating with a price target of $55. The analyst anticipates that the business would achieve its 25% EBITDA margin objective one quarter earlier, in the third quarter of 2023.

As of September 6, 2022, First Eagle Investment Management is the largest shareholder in Schlumberger Limited (NYSE:SLB) in our database and holds a stake worth more than $968 million. The investment covers 2.73% of First Eagle Investment Management’s 13F portfolio.