Schlumberger Limited (NYSE:SLB – Get Rating) – Equities research analysts at Griffin Securities boosted their FY2022 earnings per share (EPS) estimates for Schlumberger in a research note issued on Sunday, April 24th. Griffin Securities analyst K. Simpson now expects that the oil and gas company will earn $1.80 per share for the year, up from their previous estimate of $1.75. Griffin Securities also issued estimates for Schlumberger’s Q4 2022 earnings at $0.58 EPS.
Schlumberger (NYSE:SLB – Get Rating) last announced its earnings results on Friday, April 22nd. The oil and gas company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. Schlumberger had a net margin of 8.20% and a return on equity of 13.32%. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $5.90 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 14.1% compared to the same quarter last year.
NYSE SLB opened at $39.54 on Wednesday. Schlumberger has a 52-week low of $25.65 and a 52-week high of $46.27. The company has a quick ratio of 0.91, a current ratio of 1.22 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $55.87 billion, a P/E ratio of 26.90 and a beta of 2.02. The firm has a 50-day moving average price of $41.10 and a 200 day moving average price of $36.30.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 14th. Shareholders of record on Wednesday, June 1st will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.77%. This is a boost from Schlumberger’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, May 31st. Schlumberger’s payout ratio is 34.01%.
In other Schlumberger news, VP Kevin Fyfe sold 20,708 shares of the business’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $38.50, for a total transaction of $797,258.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Claudia Jaramillo sold 11,628 shares of the company’s stock in a transaction that occurred on Wednesday, March 30th. The shares were sold at an average price of $43.00, for a total value of $500,004.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,951 shares of company stock valued at $3,195,898. Company insiders own 0.28% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Equitec Proprietary Markets LLC bought a new position in shares of Schlumberger during the 4th quarter worth $25,000. Sugarloaf Wealth Management LLC boosted its position in shares of Schlumberger by 1,059.6% during the 1st quarter. Sugarloaf Wealth Management LLC now owns 603 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 551 shares during the last quarter. Old North State Trust LLC boosted its position in shares of Schlumberger by 91.4% during the 4th quarter. Old North State Trust LLC now owns 911 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 435 shares during the last quarter. Duncker Streett & Co. Inc. boosted its position in shares of Schlumberger by 51.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 893 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 302 shares during the last quarter. Finally, Riverview Trust Co bought a new stake in shares of Schlumberger during the 1st quarter valued at about $29,000. 75.52% of the stock is owned by institutional investors and hedge funds.
Schlumberger Company Profile (Get Rating)
Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. It offers software, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; petro technical data services and training solutions; reservoir interpretation and data processing services; asset performance solutions; open and cased-hole services; exploration and production pressure and flow-rate measurement services; pressure pumping, well stimulation, and coiled tubing equipment for downhole mechanical well intervention, reservoir monitoring, and downhole data acquisition; and integrated production systems.
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