Schlumberger Limited. (NYSE:SLB) – Equities researchers at G.Research dropped their FY2023 earnings per share (EPS) estimates for shares of Schlumberger in a report released on Wednesday, August 14th. G.Research analyst S. Wong now expects that the oil and gas company will post earnings per share of $4.00 for the year, down from their prior forecast of $4.10.
Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $8.27 billion for the quarter, compared to the consensus estimate of $8.11 billion. Schlumberger had a net margin of 6.38% and a return on equity of 5.62%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 earnings per share.
Shares of SLB opened at $33.90 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.01 and a current ratio of 1.39. The company has a market capitalization of $45.25 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 2.05 and a beta of 1.44. The company’s 50 day simple moving average is $37.70 and its 200 day simple moving average is $40.65. Schlumberger has a 1 year low of $31.11 and a 1 year high of $65.61.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date of this dividend is Tuesday, September 3rd. Schlumberger’s dividend payout ratio is currently 123.46%.
In other Schlumberger news, EVP Patrick Schorn sold 12,151 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $38.93, for a total transaction of $473,038.43. Following the transaction, the executive vice president now owns 130,000 shares of the company’s stock, valued at $5,060,900. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Stephanie Cox sold 24,057 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $40.59, for a total transaction of $976,473.63. Following the transaction, the insider now directly owns 46,354 shares in the company, valued at approximately $1,881,508.86. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.
A number of large investors have recently bought and sold shares of SLB. Ellis Investment Partners LLC purchased a new position in shares of Schlumberger in the 1st quarter valued at $26,000. Quad Cities Investment Group LLC purchased a new position in shares of Schlumberger in the 2nd quarter valued at $32,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Schlumberger in the 2nd quarter valued at $32,000. Doyle Wealth Management purchased a new position in shares of Schlumberger in the 2nd quarter valued at $33,000. Finally, Lenox Wealth Management Inc. raised its stake in shares of Schlumberger by 41.1% in the 1st quarter. Lenox Wealth Management Inc. now owns 879 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 256 shares during the period. 77.19% of the stock is currently owned by institutional investors.
Schlumberger Company Profile
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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