In the last trading session, 18.8 million Schlumberger Ltd (NYSE:SLB) shares changed hands as the company’s beta touched 1.02. With the company’s per share price at $35.2 changed hands at $1.4 or 4.14% during last session, the market valuation stood at $47.88B. SLB’s last price was a discount, traded about -44.72% off its 52-week high of $50.94. The share price had its 52-week low at $31.11, which suggests the last value was 11.62% up since then. When we look at Schlumberger Ltd’s average trading volume, we note the 10-day average is 19.1 million shares, with the 3-month average coming to 17.31 million.
Analysts gave the Schlumberger Ltd (SLB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.36. If we narrow down to specifics, the data shows that 0 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SLB as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight.
Schlumberger Ltd (NYSE:SLB) trade information
Instantly SLB was in green as seen at the end of in last trading. With action 5.07%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -25.12%, with the 5-day performance at 5.07% in the green. However, in the 30-day time frame, Schlumberger Ltd (NYSE:SLB) is 6.51% up. Looking at the short shares, we see there were 61.95 million shares sold at short interest cover period of 4.85 days.
The consensus price target for the stock as assigned by Wall Street analysts is 48, meaning bulls need an upside of 26.67% from its current market value. According to analyst projections, SLB’s forecast low is 43 with 53 as the target high. To hit the forecast high, the stock’s price needs a -50.57% plunge from its current level, while the stock would need to soar -22.16% for it to hit the projected low.
The 2025 estimates are for Schlumberger Ltd earnings to decrease by -9.66%, but the outlook for the next 5-year period is at 3.56% per year.
SLB Dividends
Schlumberger Ltd is expected to release its next quarterly earnings report on 2025-Apr-25. The 3.18% annual yield figure for the share gives it an annual dividend of 1.12. It is important to note, however, that the 3.18% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.26 per year.
Schlumberger Ltd (NYSE:SLB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.23% of Schlumberger Ltd shares while 89.21% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 89.42%. There are 89.21% institutions holding the Schlumberger Ltd stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.5431% of the shares, roughly 136.28 million SLB shares worth $6.43 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.3925% or 119.84 million shares worth $5.65 billion as of 2024-06-30.
