Schlumberger Ltd. (NYSE: SLB) is -17.47% lower on its value in year-to-date trading and has touched a low of $38.66 and a high of $61.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SLB stock was last observed hovering at around $44.70 in the last trading session, with the day’s loss setting it -1.75%.
Currently trading at $42.95, the stock is -1.05% and -0.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.23 million and changing -3.91% at the moment leaves the stock -9.63% off its SMA200. SLB registered -27.15% loss for a year compared to 6-month loss of -16.46%. The firm has a 50-day simple moving average (SMA 50) of $43.0982 and a 200-day simple moving average (SMA200) of $47.52835.
The stock witnessed a 6.31% gain in the last 1 month and extending the period to 3 months gives it a -12.17%, and is -2.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.76% over the week and 2.34% over the month.
Schlumberger Ltd. (SLB) has around 111000 employees, a market worth around $60.98B and $35.16B in sales. Current P/E ratio is 14.05 and Fwd P/E is 10.86. Profit margin for the company is 12.56%. Distance from 52-week low is 11.10% and -29.82% from its 52-week high. The company has generated returns on investments over the last 12 months (13.29%).
The EPS is expected to grow by 16.20% this year.
Schlumberger Ltd. (SLB) Top Institutional Holders
1997.0 institutions hold shares in Schlumberger Ltd. (SLB), with institutional investors hold 85.56% of the company’s shares. The shares outstanding are 1.43B, and float is at 1.42B with Short Float at 2.67%. Institutions hold 85.39% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 136.28 million shares valued at $6.43 billion. The investor’s holdings represent 9.5231% of the SLB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 119.84 million shares valued at $5.65 billion to account for 8.3749 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 103.94 million shares representing 7.2638% and valued at over $4.9 billion, while STATE STREET CORP holds 6.267 of the shares totaling 89.68 million with a market value of $4.25 billion.
Schlumberger Ltd. (SLB) Insider Activity
The most recent transaction is an insider sale by Biguet Stephane, the company’s EVP & CFO. SEC filings show that Biguet Stephane sold 50,048 shares of the company’s common stock on Jul 22 ’24 at a price of $49.94 per share for a total of $2.5 million. Following the sale, the insider now owns 0.2 million shares.
Schlumberger Ltd. disclosed in a document filed with the SEC on Jul 22 ’24 that Al Mogharbel Khaled (EVP, Geographies) sold a total of 120,668 shares of the company’s common stock. The trade occurred on Jul 22 ’24 and was made at $50.19 per share for $6.06 million. Following the transaction, the insider now directly holds 0.25 million shares of the SLB stock.
Still, SEC filings show that on Jul 22 ’24, Kasibhatla Vijay (Director, M&A) disposed off 10,000 shares at an average price of $49.29 for $0.49 million. The insider now directly holds 62,354 shares of Schlumberger Ltd. (SLB).
