Schlumberger Limited. (NYSE:SLB) announced a quarterly dividend on Friday, January 18th, RTT News reports. Investors of record on Wednesday, February 13th will be given a dividend of 0.50 per share by the oil and gas company on Friday, April 12th. This represents a $2.00 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Tuesday, February 12th.
Schlumberger has increased its dividend by an average of 1.7% annually over the last three years. Schlumberger has a dividend payout ratio of 111.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Schlumberger to earn $2.35 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 85.1%.
NYSE SLB opened at $42.78 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.87 and a current ratio of 1.17. Schlumberger has a twelve month low of $34.99 and a twelve month high of $75.43. The company has a market cap of $59.16 billion, a P/E ratio of 26.41, a PEG ratio of 2.31 and a beta of 1.36.
Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, January 18th. The oil and gas company reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Schlumberger had a return on equity of 6.12% and a net margin of 6.51%. The company had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.10 billion. During the same period in the previous year, the company posted $0.48 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. Research analysts predict that Schlumberger will post 1.59 EPS for the current fiscal year.
SLB has been the topic of several research reports. Bank of America restated a “buy” rating and set a $52.00 price target (down from $69.00) on shares of Schlumberger in a research report on Monday, December 3rd. HSBC upgraded Schlumberger from a “hold” rating to a “buy” rating in a research note on Sunday, December 2nd. UBS Group lowered their price objective on Schlumberger from $92.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, October 22nd. Citigroup lowered their price objective on Schlumberger from $77.00 to $72.00 and set a “buy” rating for the company in a research note on Monday, October 22nd. Finally, Jefferies Financial Group lowered their price objective on Schlumberger to $54.00 and set a “buy” rating for the company in a research note on Thursday, December 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $66.65.
In other news, EVP Peuch Olivier Le sold 15,000 shares of the business’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total value of $660,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Patrick Schorn purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, December 20th. The stock was acquired at an average price of $37.55 per share, with a total value of $375,500.00. Following the purchase, the executive vice president now directly owns 35,000 shares of the company’s stock, valued at $1,314,250. The disclosure for this purchase can be found here. 0.48% of the stock is owned by insiders.
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Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.
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