Schlumberger Ltd (NYSE: SLB) is 10.02% higher on its value in year-to-date trading and has touched a low of $36.52 and a high of $55.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SLB stock was last observed hovering at around $42.65 in the last trading session, with the day’s loss setting it -0.47%.
Currently trading at $42.18, the stock is 1.94% and 4.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.75 million and changing -1.10% at the moment leaves the stock -3.01% off its SMA200. SLB registered -13.17% loss for a year compared to 6-month loss of -5.81%.
The stock witnessed a -3.21% gain in the last 1 month and extending the period to 3 months gives it a -2.92%, and is 0.96% up 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 2.20% over the week and 2.75% over the month.
Schlumberger Ltd (SLB) has around 110000 employees, a market worth around $59.09B and $36.31B in sales. Current P/E ratio is 13.57 and Fwd P/E is 11.16. Profit margin for the company is 12.29%. Distance from 52-week low is 15.50% and -24.26% from its 52-week high. The company has generated returns on investments over the last 12 months (13.64%).
with sales reaching $8.65B over the same period.The EPS is expected to grow by 0.70% this year, but quarterly earnings will post 1.10% year-over-year. Quarterly sales are estimated to shrink -0.65% in year-over-year returns.
The shares outstanding are 1.40B, and float is at 1.40B with Short Float at 5.12%.
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 7.279 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 Rando Bejar Carmen, the company’s Chief People Officer. SEC filings show that Rando Bejar Carmen sold 5,524 shares of the company’s common stock on Jan 31 ’25 at a price of $40.41 per share for a total of $0.22 million. Following the sale, the insider now owns 30829.0 shares.
Still, SEC filings show that on Jan 29 ’25, Merad Abdellah (EVP, Core Services & Equipment) disposed off 60,000 shares at an average price of $41.44 for $2.49 million. The insider now directly holds 210,502 shares of Schlumberger Ltd (SLB).
