Schlumberger Limited (NYSE:SLB) marched up 14.77% compared to a 52-week low price of $34.46. The shares were last seen trading 0.87% higher, taking the closing price at $39.55 on 7/30/2019. At a recent session, the prices were hovering between $38.585 and $39.76. This company shares are 24.05% off its target price of $49.06 and the current market capitalization stands at $54.62B. The recent change has given its price a 3.64% lead over SMA 50 and -42.09% deficit over its 52-week high. The stock witnessed -0.48% declines, -7.33% declines and -10.11% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SLB’s volatility during a week at 2.71% and during a month it has been found around 2.48%.
What Does Schlumberger Limited (SLB) Do?
The company describes itself in regulatory filings as, “Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Reservoir Characterization, Drilling, Production, Cameron and Elimination and other. The Reservoir Characterization Group segment consists of the principal technologies involved in finding and defining hydrocarbon resources. The Drilling Group segment includes the drilling and positioning of oil and gas wells such as bits and drilling tolls, drilling and measurement, land rigs and integrated drilling services. The Production Group segment provides technologies in the lifetime production of oil and gas reservoirs such as well services, completions, artificial lift, well intervention, water service, integrated production services and others. The Cameron Group segment consists of the pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/SLB/profile under company description.]Schlumberger Limited (SLB) Top Holders
Institutional investors currently hold around $42.51 billion or 80% in SLB stock. Look at its top three institutional owners: Vanguard Group Inc owns $4.35 billion in Schlumberger Limited, which represents roughly 7.96% of the company’s market cap and approximately 10.23% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 87,528,516 shares of the stock are valued at $3.43 billion. The third largest holder is State Street Corp, which currently holds $2.69 billion worth of this stock and that ownership represents nearly 4.92% of its market capitalization.
At the end of March reporting period, 717 institutional holders increased their position in Schlumberger Limited (NYSE:SLB) by some 79,194,657 shares, 691 decreased positions by 107,526,847 and 148 held positions by 897,425,938. That puts total institutional holdings at 1,084,000,000 shares, according to SEC filings. The stock grabbed 138 new institutional investments totaling 7,135,648 shares while 116 institutional investors sold out their entire positions totaling 6,838,174 shares.Schlumberger Limited (NYSE:SLB) Insider Trades
Multiple company employees have indulged in significant insider trading. Schlumberger Limited disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President NAL Drilling Cox Stephanie has sold 24,057 shares of Schlumberger Limited (SLB) in the trading session dated Jul. 25, 2019. These shares are worth $976,474 and were traded at $40.59 each. The SEC filing shows that Al Mogharbel Khaled performed a sale of 9,097 shares. The EVP, Operations disposed these shares by way of transaction on Jul. 22, 2019. The company’s shares were given away at $39.23 per share worth to an income of some $356,875 to the account of Al Mogharbel Khaled.
EVP Wells, Schorn Patrick, sold 12,151 common shares of Schlumberger Limited (SLB) in the open market. In a transaction dated Jul. 22, 2019, the shares were put up for sale at an average price of $38.93, raking in a sum of $473,038. After this sale, 115,000 common shares of SLB are directly owned by the insider, with total stake valued at $4,548,250.
In the transaction dated Apr. 26, 2019, a great number of shares sold came courtesy the Secretary and General Counsel; Juden Alexander C. disposed a total of 8,643 shares at an average price of $43.29, amounting to approximately $374,155. The insider now directly owns 70,260 shares worth $2,778,783.Schlumberger Limited (SLB) Analyst Guide
Several analysts have released their opinion on Schlumberger Limited (NYSE:SLB), with 8 analysts believing it is a strong buy. Whereas 11 of them predict the stock is a hold. Also, there are 13 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.18 average brokerage recommendation [T1].