Schlumberger Limited (SLB) To Go Ex-Dividend on December 4th

Schlumberger Limited (NYSE:SLB) announced a quarterly dividend on Thursday, October 17th, RTT News reports. Investors of record on Wednesday, December 4th will be paid a dividend of 0.275 per share by the oil and gas company on Thursday, January 9th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Wednesday, December 4th.

Schlumberger has raised its dividend by an average of 4.6% annually over the last three years. Schlumberger has a payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Schlumberger to earn $4.01 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 27.4%.

Schlumberger Trading Down 4.7 %

Shares of NYSE SLB opened at $41.92 on Friday. Schlumberger has a twelve month low of $38.66 and a twelve month high of $60.85. The company has a quick ratio of 1.13, a current ratio of 1.49 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $43.10 and a two-hundred day simple moving average of $46.08. The firm has a market cap of $59.52 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.96 and a beta of 1.51.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. Schlumberger had a net margin of 12.56% and a return on equity of 21.92%. The company had revenue of $9.16 billion during the quarter, compared to analyst estimates of $9.27 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts expect that Schlumberger will post 3.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Schlumberger news, Director Vijay Kasibhatla sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $49.29, for a total transaction of $492,900.00. Following the completion of the transaction, the director now directly owns 62,354 shares of the company’s stock, valued at approximately $3,073,428.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Schlumberger news, EVP Mogharbel Khaled Al sold 120,668 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $50.19, for a total transaction of $6,056,326.92. Following the sale, the executive vice president now directly owns 247,699 shares of the company’s stock, valued at approximately $12,432,012.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vijay Kasibhatla sold 10,000 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $49.29, for a total value of $492,900.00. Following the completion of the transaction, the director now directly owns 62,354 shares of the company’s stock, valued at approximately $3,073,428.66. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,716 shares of company stock valued at $9,048,624 over the last quarter. 0.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SLB has been the subject of a number of recent research reports. Stifel Nicolaus reduced their price objective on shares of Schlumberger from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Wells Fargo & Company cut their target price on Schlumberger from $53.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 25th. Morgan Stanley decreased their price target on shares of Schlumberger from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Benchmark reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Schlumberger in a research report on Monday, July 22nd. Finally, Dbs Bank started coverage on shares of Schlumberger in a research report on Wednesday, September 18th. They set a “buy” rating and a $64.50 target price for the company. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.97.

Schlumberger Company Profile

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.