Schlumberger Limited. to Issue Quarterly Dividend of $0.13 (NYSE:SLB)

Schlumberger Limited. (NYSE:SLB) declared a quarterly dividend on Friday, October 16th, RTT News reports. Stockholders of record on Wednesday, December 2nd will be given a dividend of 0.125 per share by the oil and gas company on Thursday, January 14th. This represents a $0.50 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Tuesday, December 1st.

Schlumberger stock opened at $14.97 on Friday. The business has a 50 day moving average of $17.41 and a 200-day moving average of $17.82. Schlumberger has a 1 year low of $11.87 and a 1 year high of $41.14. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.23 and a quick ratio of 0.92. The company has a market capitalization of $20.78 billion, a P/E ratio of -0.95, a P/E/G ratio of 4.71 and a beta of 2.10.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, October 16th. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Schlumberger had a positive return on equity of 8.12% and a negative net margin of 73.90%. The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The firm’s revenue was down 38.4% compared to the same quarter last year. Equities analysts anticipate that Schlumberger will post 0.56 EPS for the current year.

In other Schlumberger news, Director Mark G. Papa purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were bought at an average cost of $19.46 per share, for a total transaction of $291,900.00. Following the purchase, the director now owns 50,131 shares of the company’s stock, valued at approximately $975,549.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peuch Olivier Le purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average price of $17.95 per share, for a total transaction of $448,750.00. Following the completion of the purchase, the chief executive officer now directly owns 191,770 shares in the company, valued at approximately $3,442,271.50. The disclosure for this purchase can be found here. 0.58% of the stock is owned by insiders.

Several research firms have recently issued reports on SLB. Morgan Stanley upped their price objective on Schlumberger from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Scotiabank cut their target price on Schlumberger from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 28th. BMO Capital Markets assumed coverage on Schlumberger in a research report on Thursday, October 1st. They issued an “outperform” rating and a $21.00 price target for the company. Evercore ISI reissued a “buy” rating and issued a $28.00 price target on shares of Schlumberger in a research report on Friday, July 24th. Finally, Citigroup raised Schlumberger from a “neutral” rating to a “buy” rating and increased their price target for the company from $20.00 to $26.00 in a research report on Monday, July 27th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the stock. Schlumberger has an average rating of “Hold” and a consensus target price of $23.07.

About Schlumberger

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Dividend History for Schlumberger (NYSE:SLB)

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