Abdellah Merad, Executive Vice President of Core Services & Equipment at Schlumberger Ltd (SLB, Financial), executed a sale of 60,000 shares of the company on October 24, 2024. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 211,937 shares of Schlumberger Ltd.
Schlumberger Ltd is a leading provider of technology and services to the energy industry across the world. The company offers solutions for drilling, production, and processing within the oil and gas sector, enhancing efficiency and performance while focusing on sustainability and environmental impact.
Over the past year, Abdellah Merad has sold a total of 110,000 shares and has not purchased any shares. The insider transaction history for Schlumberger Ltd shows no insider buys in the past year, with 20 insider sells recorded over the same period.
On the day of the sale, shares of Schlumberger Ltd were priced at $41.9. The company has a market cap of approximately $58.25 billion. The price-earnings ratio stands at 13.26, which is above the industry median of 11.06.
The stock is currently considered Significantly Undervalued with a price-to-GF Value ratio of 0.71, based on a GF Value of $58.83. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s future performance and valuation alignment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
