Schlumberger Limited (SLB) 10% Owner Owns Stock Worth $12.03 million

SNOW Stock
SNOW Stock

Schlumberger Limited (NYSE:SLB) finished Thursday with an addition of $0.65 to close at $38.23, an upside of 1.73 percent. An average of 11,131,240 shares of common stock have been traded in the last five days. There was a fall of -$1.40 in the past week, and it reached a new high 32 times over the past 12 months. The last 20 days have seen an average of 11,112,345 shares traded, while the 50-day average volume stands at 11,265,778.

SLB stock has decreased by -2.87% in the last month. The company shares reached their 1-month lowest point of $35.99 on 09/07/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $27.12 and a high of $49.83 in 52 weeks. It has reached a new high 22 times so far this year and achieved 27.65% or $8.28 in price. In spite of this, the price is down -23.28% from the 52-week high.

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Insider Transactions

107 days have passed since Schlumberger Limited (SLB) last reported insider trading activity. SCHLUMBERGER LIMITED/NV, who is 10% Owner, most recently acquired $12,032,500 shares at $17.00 per share on Jun 08. In this transaction, the insider spent $204,552,500. President New Energy, Rennick Gavin, disposed of 10,759 shares at a price of $46.70 on May 26. The insider now owns more than $502,424 worth of shares. Prior to that, Chief Sustainability Officer Beumelburg Katharina went on to Sale 4,200 shares at $40.28 each on May 19. An amount of $169,197 was transacted.

Valuation Metrics

Schlumberger Limited (SLB) has a trailing price-to-earnings (P/E) ratio of 20.93. The stock’s beta is 1.81. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.25, the price-to-book (PB) ratio at 3.31, and the price-to-cash flow ratio at 38.38.

The company has a payout ratio of 29.60%. The company’s most recent quarterly dividend payment was $0.1750 a share, without any change from last year. Its latest increase dividend $0.05 reported on Monday April 25 2022.

Financial Health

The quick ratio of Schlumberger Limited for the three months ended June 29 was 1.00, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.79 and a total debt to equity ratio of 0.85 for the quarter ending June 29. Its gross profit as reported stood at $2.77 billion compared to revenue of $22.93 billion.

Earnings Surprise

For the three-month period that ended June 29, Schlumberger Limited had $923.0 million in cash and short-term investments compared to $12.95 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $959.0 million in the quarter, while revenues were grew 55.06%. The analyst consensus anticipated Schlumberger Limited’s latest quarter earnings to come in at $0.4 per share, but it turned out to be $0.5, a 25.00% surprise. For the quarter, EBITDA amounted to $1.5 billion. Shareholders own equity worth $1.41 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Schlumberger Limited (SLB) price momentum. RSI 9-day as of the close on 22 September was 48.50%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.22%.

As of today, SLB’s price is $38.33 -3.53% or -$1.40 from its 5-day moving average. SLB is currently trading -4.21% lower than its 20-day SMA and -2.00% lower than its 100-day SMA. However, the stock’s current price level is +18.40% above the SMA50 and +27.39% above the SMA200.

The stochastic %K and %D were 47.10% and 52.28%, respectively, and the average true range (ATR) was 1.53. With the 14-day stochastic at 49.92% and the average true range at 1.54, the RSI (14) stands at 50.29%. The stock has reached -0.80 on the 9-day MACD Oscillator while the 14-day reading was at -0.50.

Analyst Ratings

The Benchmark Company upgraded Schlumberger Limited (NYSE: SLB) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.

What is SLB’s price target for the next 12 months?

Analysts predict a range of price targets between $41.00 and $61.00, with a median target of $50.00. Taking a look at these predictions, the average price target given by analysts for Schlumberger Limited (SLB) stock is $49.66.


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