During the last session, Schlumberger Ltd. (NYSE:SLB)’s traded shares were 11.98 million, with the beta value of the company hitting 1.62. At the end of the trading day, the stock’s price was $54.27, reflecting an intraday loss of -1.08% or -$0.59. The 52-week high for the SLB share is $62.12, that puts it down -14.46 from that peak though still a striking 21.26% gain since the share price plummeted to a 52-week low of $42.73. The company’s market capitalization is $77.75B, and the average intraday trading volume over the past 10 days was 8.79 million shares, and the average trade volume was 11.61 million shares over the past three months.
Schlumberger Ltd. (NYSE:SLB) trade information
Schlumberger Ltd. (SLB) registered a -1.08% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.08% in intraday trading to $54.27, hitting a weekly high. The stock’s 5-day price performance is -1.15%, and it has moved by 9.28% in 30 days. Based on these gigs, the overall price performance for the year is 3.71%. The short interest in Schlumberger Ltd. (NYSE:SLB) is 21.11 million shares and it means that shorts have 2.41 day(s) to cover.
Schlumberger Ltd. (SLB) estimates and forecasts
Statistics show that Schlumberger Ltd. has outperformed its competitors in share price, compared to the industry in which it operates. Schlumberger Ltd. (SLB) shares have gone down -7.40% during the last six months, with a year-to-date growth rate more than the industry average at 18.79% against 5.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 19.00% this quarter and then jump 16.70% in the quarter after that. In the rating firms’ projections, revenue will increase 12.40% compared to the previous financial year.
Revenue for the current quarter is expected to be $8.08 billion as predicted by 20 analyst(s). Meanwhile, a consensus of 20 analyst(s) estimates revenue growth to $8.44 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $7.74 billion and $8.1 billion respectively. In this case, analysts expect current quarter sales to grow by 4.40% and then jump by 4.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 13.74%. While earnings are projected to return 18.55% in 2024, the next five years will return 19.70% per annum.
SLB Dividends
Schlumberger Ltd. is due to release its next quarterly earnings on April 19. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Schlumberger Ltd. is 1.02, with the dividend yield indicating at 1.89 percent, continuing the trend of increasing dividends in recent years.
Schlumberger Ltd. (NYSE:SLB)’s Major holders
Schlumberger Ltd. insiders own 0.19% of total outstanding shares while institutional holders control 83.59%, with the float percentage being 83.74%. Vanguard Group Inc is the largest shareholder of the company, while 2,010 institutions own stock in it. As of Jun 29, 2023, the company held over 129.12 million shares (or 9.09% of all shares), a total value of $6.34 billion in shares.
The next largest institutional holding, with 106.82 million shares, is of Blackrock Inc.’s that is approximately 7.52% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $5.25 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Schlumberger Ltd. (SLB) shares are Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 44.45 million shares. This amounts to just over 3.13 percent of the company’s overall shares, with a $2.18 billion market value. The same data shows that the other fund manager holds slightly less at 34.6 million, or about 2.43% of the stock, which is worth about $2.04 billion.
