Schlumberger Limited (SLB) To Go Ex-Dividend on February 5th

Schlumberger Limited (NYSE:SLB) announced a quarterly dividend on Friday, January 17th,RTT News reports. Shareholders of record on Wednesday, February 5th will be paid a dividend of 0.285 per share by the oil and gas company on Thursday, April 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Wednesday, February 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28.

Schlumberger has raised its dividend by an average of 30.1% annually over the last three years. Schlumberger has a dividend payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Schlumberger to earn $3.35 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 32.8%.

Schlumberger Trading Up 6.1 %

Shares of Schlumberger stock opened at $43.58 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.48 and a debt-to-equity ratio of 0.52. The firm has a market cap of $61.54 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.35 and a beta of 1.52. Schlumberger has a twelve month low of $36.52 and a twelve month high of $55.69. The business has a 50-day moving average price of $40.86 and a 200-day moving average price of $42.90.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9,241,140 billion. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. Equities research analysts anticipate that Schlumberger will post 3.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SLB. Sanford C. Bernstein upgraded shares of Schlumberger to a “strong-buy” rating in a report on Tuesday, November 12th. TD Cowen lowered their price objective on Schlumberger from $65.00 to $53.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus cut their target price on Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Griffin Securities downgraded Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, Evercore ISI reiterated an “in-line” rating and set a $44.00 price objective (down previously from $62.00) on shares of Schlumberger in a research report on Wednesday. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Schlumberger currently has an average rating of “Moderate Buy” and an average target price of $56.03.

Insider Buying and Selling at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the business’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 completion of the transaction, the executive vice president now directly owns 211,937 shares of the company’s stock, valued at approximately $8,880,160.30. The trade was a 22.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.

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.