Unpacking Schlumberger (SLB) Stock: Q2 Insights and Investor Trends

Curious about Schlumberger (SLB) stock and what’s driving its market activity? Here’s a quick rundown of what we’ll cover in this post:

• First Merchants Corp significantly reduced its stake, but other institutional investors increased theirs.
• Schlumberger’s stock performance shows a market cap of nearly $50 billion and a 52-week range of $31.11 to $45.12.
• The company’s Q2 earnings surpassed expectations, reporting $0.74 EPS and $8.55 billion in revenue.
• Schlumberger consistently pays quarterly dividends, offering a 3.4% annual yield.
• Analysts generally have a “Moderate Buy” rating for SLB stock with a consensus target price around $52.18.
• An insider recently sold a notable amount of Schlumberger stock, which is common for personal financial planning.
• Schlumberger Limited is a global energy technology leader with four key divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems.

Let’s dive deeper into these points to give you a clearer picture of what’s shaping the narrative around Schlumberger (SLB) stock right now.

What recent institutional investor moves are affecting Schlumberger (SLB) stock?

In the second quarter, we saw some big shifts among institutional investors holding Schlumberger (SLB) shares. First Merchants Corp made a noticeable move, cutting its position dramatically by 86.5% and selling 83,451 shares. After this sale, their remaining 13,017 shares were valued at $440,000.

This kind of large divestment often makes investors wonder about market confidence in the oil and gas company’s stock. However, it’s not a one-sided story. Many other hedge funds and institutional investors actually increased their stakes in Schlumberger. This shows a real mix of investment strategies at play.

• EntryPoint Capital LLC: Increased its position by 4.5% (316 shares), now owning 7,348 shares ($307,000).
• Heritage Wealth Management Inc. Texas: Expanded holdings by 2.2% (318 shares), totaling 14,736 shares ($616,000).
• Horizon Investments LLC: Boosted its position by 1.5% (330 shares), holding 22,633 shares ($946,000).
• CreativeOne Wealth LLC: Increased by 6.3% (335 shares), reaching 5,655 shares ($236,000).
• Forza Wealth Management LLC: Added 5.8% (350 shares), now with 6,374 shares ($266,000).

These movements paint a picture of a lively institutional ownership landscape. Remember, a significant 81.99% of Schlumberger’s stock is held by hedge funds and other large investors, so any major change like this keeps the financial community watching closely.

How is Schlumberger (SLB) stock performing in the market?

Let’s look at the recent market activity and valuation for Schlumberger (SLB) stock. Recently, NYSE:SLB shares opened at $33.11. Over the last year, the stock has moved between a low of $31.11 and a high of $45.12, showing the typical ups and downs you’d expect in the energy industry.

Beyond just the share price, Schlumberger has a substantial market capitalization of $49.45 billion, which tells you it’s a major player. Its P/E ratio sits at 11.34, and its PEG ratio is 9.44. These numbers help us understand how the SLB stock price compares to its earnings and growth potential. The stock’s beta of 0.97 means its movements generally mirror the broader market, but with slightly less volatility.

When looking at its technical indicators, the 50-day moving average for Schlumberger stock is $34.56, and its 200-day moving average is $34.99. These averages are useful for seeing momentum and potential support or resistance points for SLB investment decisions. Financially, the company looks solid with a quick ratio of 0.98, a current ratio of 1.31, and a debt-to-equity ratio of 0.51. These ratios show that Schlumberger is good at managing its short-term debts and uses borrowing wisely, reinforcing confidence in its stability within the fossil fuel sector.

Did Schlumberger’s Q2 earnings report meet expectations?

Yes, Schlumberger (NYSE:SLB) certainly delivered pleasing results in its recent Q2 earnings report on Friday, July 18th. The oil and gas company reported an impressive $0.74 Earnings Per Share (EPS) for the quarter, just nudging past the consensus estimate of $0.73. This small beat highlights how well Schlumberger is operating and managing costs, even in a changing industry.

When it comes to total sales, Schlumberger recorded revenue of $8.55 billion for the quarter. This also slightly exceeded analysts’ predictions of $8.51 billion. While this is strong, it’s worth noting that revenue was down 6.5% compared to the same quarter last year, when the company had an even higher EPS of $0.85. This comparison is key; while this quarter showed an EPS beat, the year-over-year dip reflects the evolving energy sector landscape and how Schlumberger is adapting.

Beyond the top-line numbers, Schlumberger’s profitability remains robust. The company achieved a healthy return on equity (ROE) of 20.99%, showing it’s effectively using shareholder investments to generate profit. Its net margin of 11.53% means a good portion of its revenue turns into net income. Looking ahead, analysts are generally optimistic, predicting Schlumberger Limited will post a strong 3.38 EPS for the current year, hinting at continued growth for Schlumberger earnings and its shareholders.

Does Schlumberger (SLB) stock offer consistent dividend payouts?

Absolutely, for investors looking for regular income, Schlumberger’s commitment to consistent dividend payouts is a major plus. The company recently announced a quarterly dividend, showing it’s dedicated to returning value to shareholders. If you were a shareholder on record by Wednesday, September 3rd, you were eligible for a dividend of $0.285 per share, which was paid out on Thursday, October 9th.

This quarterly payment adds up to an annualized dividend of $1.14 per share, giving a competitive yield of 3.4% based on recent stock prices. This makes SLB an attractive option if you’re seeking steady income from your energy sector investments. The ex-dividend date, September 3rd, is important because it decides who gets the payment. If you buy the stock on or after this date, you won’t receive the declared dividend.

Furthermore, Schlumberger’s dividend payout ratio (DPR) is 39.04%. This ratio tells us what percentage of its earnings the company pays out as dividends. A DPR under 100% usually means the company is reinvesting a good chunk of its earnings back into the business for future growth, while still offering a healthy return to shareholders. This steady Schlumberger dividend and a sensible payout ratio underline the company’s financial discipline and stability among dividend-paying stocks in the oil and gas world.

What do analysts say about buying Schlumberger (SLB) stock?

The investment community keeps a close eye on analyst ratings, as they offer valuable insights into what experts think about a stock’s future. Schlumberger (SLB) stock has been reviewed by many equities research analysts, leading to a variety of recommendations.

Here’s a snapshot of recent expert opinions:

• Jefferies Financial Group adjusted their price target slightly from $54.00 to $53.00 but kept a “buy” rating, still confident in the stock’s potential.
• Barclays also trimmed its price target for Schlumberger from $47.00 to $46.00 but stuck with an “overweight” rating, suggesting they expect the stock to do better than average for the sector.
• Weiss Ratings, however, reiterated a “hold (c-)” rating, taking a more cautious approach.
• On a more optimistic note, Atb Cap Markets upgraded Schlumberger from a “hold” to a “strong-buy,” showing increased confidence.
• Lastly, JPMorgan Chase & Co. lowered its price target from $46.00 to $44.00 but maintained an “overweight” rating, echoing Barclays’ positive outlook.

Bringing these different views together, data from MarketBeat.com shows that Schlumberger currently holds an average rating of “Moderate Buy.” This consensus comes from two analysts giving a “Strong Buy,” thirteen a “Buy,” and six a “Hold.” Collectively, analysts see a target price of $52.18 for Schlumberger stock, which points to a significant potential upside from its current trading levels. This generally positive analyst price target for SLB offers helpful guidance for anyone interested in investing in the energy industry.

Have there been any notable insider transactions for Schlumberger (SLB) stock?

Yes, insider transactions can offer a peek into a company’s internal health. These public filings with the SEC tell us when executives or directors buy or sell their company’s shares. Recently, in Schlumberger news, a specific insider transaction caught attention: Dianne B. Ralston, a company insider, made a significant sale.

On Friday, September 12th, Dianne B. Ralston sold 39,727 shares of Schlumberger stock at an average price of $36.08 per share, totaling over $1.4 million. After this sale, her ownership in the company adjusted to 202,201 shares, valued around $7.29 million at the time. This sale reduced her overall position by 16.42%. While such a large sale by an insider might prompt questions, it’s important to remember that individual sales often relate to personal financial planning and don’t always signal a lack of confidence in the company’s long-term future. You can find the legal filing for these SLB insider sales in the SEC’s public database.

Overall, company insiders own about 0.22% of Schlumberger’s stock. Even though this percentage is small, insider activity is closely watched for clues about management’s perspective. Any significant patterns in Schlumberger insider trading can provide extra data for investors doing their research on SLB investment opportunities.

What does Schlumberger (SLB) Limited actually do?

To really get a grip on Schlumberger (SLB) stock, it helps to understand what Schlumberger Limited is all about. This global technology company is a frontrunner in providing innovative solutions and services to the energy industry worldwide. Its vast operations are divided into four key segments, each vital for finding, developing, and producing hydrocarbons, as well as pushing forward new energy systems.

• Digital & Integration: This division focuses on cutting-edge digital solutions, like software platforms and data integration. It helps optimize field development and hydrocarbon production, and increasingly, plays a big part in carbon management and integrating other energy systems. This foresight positions Schlumberger as a key enabler for the energy transition, not just an oilfield service provider.
• Reservoir Performance: This segment aims to maximize how much oil and gas can be recovered from reservoirs. It offers services from interpreting data for exploration to well stimulation. Its expertise helps clients get the most out of their oil and gas reservoirs.
• Well Construction: This division provides the tech and services needed for efficient drilling and well completion. From drilling tools to cementing, it ensures wells are built safely and effectively.
• Production Systems: Focused on boosting the lifespan and output of production assets, this segment offers solutions for improving production, including subsea systems and flow assurance. It helps operators get the best value from their assets over time.

These diverse divisions show that Schlumberger’s company profile is built on a strong, integrated approach to the energy sector. This makes it a crucial technology partner. Its ongoing investment in research and development, combined with its global reach, solidifies its position as a long-term leader in energy technology and a key player in shaping the future of energy production and management.

So, what does all this mean for Schlumberger (SLB) stock? We’ve seen a mixed bag of institutional trading, but overall, strong Q2 earnings and a steady dividend. Analysts generally lean towards a “Moderate Buy.”

Here are the key takeaways:

• Institutional investors show varied interest; while one trimmed, many others increased their holdings.
• Schlumberger delivered strong financial performance in Q2, beating EPS and revenue estimates.
• The company maintains a reliable dividend payout, appealing to income-focused investors.
• Despite some analyst target price adjustments, the consensus remains positive for SLB stock.
• Schlumberger Limited is a diversified energy technology leader actively involved in both traditional and new energy systems.

In a dynamic energy sector, Schlumberger’s strategic focus on cutting-edge technology and diversified operations suggest it’s well-positioned for resilience and growth. Staying informed about SLB’s ongoing performance and market shifts is crucial for any investor. Empower your decisions with timely insights by subscribing to MarketBeat.com’s FREE daily email newsletter for the latest news and analyst ratings on Schlumberger and other relevant companies.