Griffin Securities Expects Lower Earnings for Schlumberger

Schlumberger Limited (NYSE:SLB) – Griffin Securities cut their Q1 2025 EPS estimates for Schlumberger in a research report issued on Monday, January 20th. Griffin Securities analyst K. Simpson now anticipates that the oil and gas company will earn $0.76 per share for the quarter, down from their previous estimate of $0.77. Griffin Securities has a “Neutral” rating on the stock. The consensus estimate for Schlumberger’s current full-year earnings is $3.29 per share. Griffin Securities also issued estimates for Schlumberger’s Q2 2025 earnings at $0.83 EPS.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9,241,140 billion. During the same period last year, the firm posted $0.86 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year.

Several other research firms have also recently issued reports on SLB. JPMorgan Chase & Co. upped their price objective on Schlumberger from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays lowered their price objective on Schlumberger from $61.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Sanford C. Bernstein raised Schlumberger to a “strong-buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company cut their target price on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Finally, Atb Cap Markets lowered shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $55.81.

Schlumberger Trading Up 0.4 %

NYSE SLB opened at $43.76 on Wednesday. Schlumberger has a twelve month low of $36.52 and a twelve month high of $55.69. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average is $40.84 and its 200 day moving average is $42.81. The firm has a market capitalization of $61.80 billion, a PE ratio of 14.07, a P/E/G ratio of 3.61 and a beta of 1.52.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 2.60%. Schlumberger’s dividend payout ratio (DPR) is presently 35.37%.

Insider Activity at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total value of $2,514,000.00. Following the sale, the executive vice president now owns 211,937 shares of the company’s stock, valued at approximately $8,880,160.30. This trade represents a 22.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Vijay Kasibhatla sold 25,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the completion of the transaction, the director now owns 49,595 shares of the company’s stock, valued at $2,179,204.30. This represents a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 258,258 shares of company stock worth $11,246,604 in the last 90 days. 0.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On Schlumberger

A number of institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Schlumberger by 20.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,213,944 shares of the oil and gas company’s stock valued at $470,425,000 after acquiring an additional 1,916,851 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Schlumberger by 14.0% in the 2nd quarter. Legal & General Group Plc now owns 12,686,384 shares of the oil and gas company’s stock valued at $598,544,000 after acquiring an additional 1,560,684 shares in the last quarter. Merewether Investment Management LP acquired a new position in shares of Schlumberger during the 2nd quarter valued at $42,957,000. Weiss Asset Management LP bought a new position in Schlumberger during the third quarter worth $37,322,000. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new stake in Schlumberger in the fourth quarter valued at $25,481,000. 81.99% of the stock is owned by institutional investors.

About Schlumberger

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.