Schlumberger (NYSE:SLB – Get Rating) issued its quarterly earnings results on Friday. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.03, RTT News reports. The company had revenue of $7.88 billion during the quarter, compared to analyst estimates of $7.80 billion. Schlumberger had a net margin of 11.26% and a return on equity of 16.58%. Schlumberger’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS.
Schlumberger Stock Performance
Shares of NYSE:SLB opened at $57.35 on Friday. Schlumberger has a 1-year low of $30.65 and a 1-year high of $59.45. The business has a 50-day moving average price of $52.90 and a two-hundred day moving average price of $44.53. The company has a current ratio of 1.40, a quick ratio of 1.03 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $81.32 billion, a P/E ratio of 23.90, a P/E/G ratio of 0.50 and a beta of 1.79.
Schlumberger Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 6th. Stockholders of record on Wednesday, February 8th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, February 7th. This is an increase from Schlumberger’s previous quarterly dividend of $0.18. Schlumberger’s payout ratio is currently 29.17%.
Wall Street Analyst Weigh In
Insider Transactions at Schlumberger
In other news, major shareholder Limited/Nv Schlumberger sold 12,367,500 shares of the firm’s stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $15.33, for a total value of $189,593,775.00. Following the completion of the sale, the insider now directly owns 10,701,961 shares of the company’s stock, valued at $164,061,062.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Schlumberger news, major shareholder Limited/Nv Schlumberger sold 12,367,500 shares of the firm’s stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $15.33, for a total value of $189,593,775.00. Following the sale, the insider now owns 10,701,961 shares in the company, valued at $164,061,062.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mogharbel Khaled Al sold 57,467 shares of the firm’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $54.85, for a total transaction of $3,152,064.95. Following the transaction, the executive vice president now directly owns 183,551 shares of the company’s stock, valued at approximately $10,067,772.35. The disclosure for this sale can be found here. Insiders have sold a total of 12,496,976 shares of company stock valued at $196,612,911 over the last three months. 0.28% of the stock is currently owned by corporate insiders.
Institutional Trading of Schlumberger
Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in shares of Schlumberger by 179.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,736,004 shares of the oil and gas company’s stock worth $113,024,000 after purchasing an additional 1,756,000 shares in the last quarter. PointState Capital LP bought a new stake in Schlumberger during the 1st quarter valued at about $44,273,000. Capital World Investors bought a new position in Schlumberger in the 1st quarter valued at approximately $38,084,000. Mackenzie Financial Corp lifted its holdings in shares of Schlumberger by 50.5% during the first quarter. Mackenzie Financial Corp now owns 2,694,029 shares of the oil and gas company’s stock valued at $111,290,000 after purchasing an additional 903,929 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Schlumberger by 105.8% in the 1st quarter. First Trust Advisors LP now owns 1,703,206 shares of the oil and gas company’s stock worth $70,359,000 after purchasing an additional 875,600 shares during the period. Institutional investors own 80.22% of the company’s stock.
Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems. The Digital and Integration segment combines the company’s software and seismic businesses with its integrated offering of asset performance solutions.
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