A breakdown of the latest mutual funds holding Schlumberger Ltd. (SLB)

Stocks of Schlumberger Ltd. (NYSE:SLB) traded higher last session on Wall Street, down -2.25% to $45.20.

SLB stock price is now -2.94% away from the 50-day moving average and -11.80% away from the 200-day moving average. The market capitalization of the company currently stands at $64.61B.

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With the price target reduced from $68 to $53, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Schlumberger Ltd. (NYSE: SLB). On April 22, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $64 to quote $63, while ‘Societe Generale’ rates the stock as ‘Buy’

In other news, Rando Bejar Carmen, Chief People Officer sold 4,980 shares of the company’s stock on Jun 07 ’24. The stock was sold for $216,281 at an average price of $43.43. Upon completion of the transaction, the Chief People Officer now directly owns 22,518 shares in the company, valued at $1.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’24, President New Energy Rennick Gavin sold 38,083 shares of the business’s stock. A total of $1,838,647 was realized by selling the stock at an average price of $48.28. This leaves the insider owning 45,851 shares of the company worth $2.07 million. A total of 0.21% of the company’s stock is owned by insiders.

During the past 12 months, Schlumberger Ltd. has had a low of $42.61 and a high of $62.12. As of last week, the company has a debt-to-equity ratio of 0.59, a current ratio of 1.37, and a quick ratio of 1.02. According to the stock market information, the enterprise value for the company is $74581065728, which is based on a 15.05 price-to-earnings ratio, a 0.71 price-to-earnings-growth ratio, and a beta of 1.56. The fifty day moving average price for SLB is $46.4856 and a two-hundred day moving average price translates $51.1761 for the stock.

The latest earnings results from Schlumberger Ltd. (NYSE: SLB) was released for 2024-03-31. The net profit margin was 12.72% and return on equity was 22.35% for SLB. The company reported revenue of $8.71 billion for the quarter, compared to $7.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.55 percent.

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