Schlumberger Ltd. (NYSE:SLB)’s traded shares stood at 15.33 million during the last session, with the company’s beta value hitting 1.53. At the close of trading, the stock’s price was $41.74, to imply an increase of 1.19% or $0.49 in intraday trading. The SLB share’s 52-week high remains $57.75, putting it -38.36% down since that peak but still an impressive 7.38% since price per share fell to its 52-week low of $38.66. The company has a valuation of $58.94B, with an average of 12.09 million shares in intraday trading volume over the past 10 days and average of 11.15 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Schlumberger Ltd. (SLB), translating to a mean rating of 1.30. Of 13 analyst(s) looking at the stock, 0 analyst(s) give SLB a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 13 recommend it as a Buy.
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Schlumberger Ltd. (NYSE:SLB) trade information
After registering a 1.19% upside in the last session, Schlumberger Ltd. (SLB) has traded red over the past five days. The 5-day price performance for the stock is -0.43%, and 1.38% over 30 days. With these gigs, the year-to-date price performance is -19.79%. Short interest in Schlumberger Ltd. (NYSE:SLB) saw shorts transact 37.83 million shares and set a 2.61 days time to cover.
The extremes give us $42 and $160 for target low and target high price respectively. As such, SLB has been trading -283.33% off suggested target high and -0.62% from its likely low.
Schlumberger Ltd. (SLB) estimates and forecasts
Looking at statistics comparing Schlumberger Ltd. share performance against respective industry, we note that the company has outperformed competitors. Schlumberger Ltd. (SLB) shares are -15.16% down over the last 6 months, with its year-to-date growth rate higher than industry average at 14.09% against -8.60%.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 13.74% for the past 5-year period. While 2024 is set for a 14.78% return in earnings, projections for the next 5 years are at 9.57% annually.
SLB Dividends
Schlumberger Ltd. has its next earnings report out on 2025-Jan-17. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Schlumberger Ltd. has a forward dividend ratio of 1.07, with the share yield ticking at 2.58% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.99%.
Schlumberger Ltd. (NYSE:SLB)’s Major holders
Schlumberger Ltd. insiders hold 0.20% of total outstanding shares, with institutional holders owning 86.02% of the shares at 86.19% float percentage. In total, 86.02% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 136.28 million shares (or 9.5231% of shares), all amounting to roughly $6.43 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 119.84 million shares, or about 8.3749% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $5.65 billion.
We also have Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select as the top two Mutual Funds with the largest holdings of the Schlumberger Ltd. (SLB) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 45.13 shares. This is just over 3.18% of the total shares, with a market valuation of $1.88 billion. Data from the same date shows that the other fund manager holds a little less at 37.83, or 2.66% of the shares, all valued at about 1.58 billion.
