Schlumberger Limited. (NYSE:SLB) announced a quarterly dividend on Friday, January 19th, RTT News reports. Shareholders of record on Wednesday, February 7th will be paid a dividend of 0.50 per share by the oil and gas company on Friday, April 13th. This represents a $2.00 annualized dividend and a yield of 2.62%.

Schlumberger has increased its dividend payment by an average of 9.8% annually over the last three years. Schlumberger has a dividend payout ratio of 137.0% indicating that 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 $2.18 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 91.7%.

Shares of Schlumberger (NYSE SLB) opened at $76.37 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.53. Schlumberger has a 12 month low of $61.02 and a 12 month high of $87.84. The company has a market cap of $105,790.00, a P/E ratio of 195.82, a price-to-earnings-growth ratio of 5.91 and a beta of 1.01.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The business had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. During the same period in the previous year, the business posted $0.27 EPS. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. equities research analysts predict that Schlumberger will post 1.46 earnings per share for the current year.

In related news, Director Tore I. Sandvold sold 3,500 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the sale, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,945. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.38% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Schlumberger by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after acquiring an additional 2,790,227 shares in the last quarter. Dodge & Cox increased its holdings in Schlumberger by 12.8% in the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after acquiring an additional 5,494,165 shares in the last quarter. Northern Trust Corp increased its holdings in Schlumberger by 2.9% in the 2nd quarter. Northern Trust Corp now owns 18,762,468 shares of the oil and gas company’s stock worth $1,235,321,000 after acquiring an additional 536,928 shares in the last quarter. Northern Cross LLC increased its holdings in Schlumberger by 3.8% in the 2nd quarter. Northern Cross LLC now owns 16,896,879 shares of the oil and gas company’s stock worth $1,112,491,000 after acquiring an additional 620,270 shares in the last quarter. Finally, Capital Research Global Investors increased its holdings in Schlumberger by 13.8% in the 2nd quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock worth $1,083,727,000 after acquiring an additional 1,993,829 shares in the last quarter. 79.35% of the stock is owned by institutional investors.

Several brokerages have commented on SLB. Barclays set a $70.00 price objective on shares of Schlumberger and gave the company a “hold” rating in a research note on Wednesday, October 25th. SunTrust Banks restated a “hold” rating on shares of Schlumberger in a research note on Tuesday, October 31st. Citigroup lifted their price objective on shares of Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Royal Bank of Canada restated an “outperform” rating and set a $70.00 price objective (down from $86.00) on shares of Schlumberger in a research note on Monday, October 16th. Finally, Morgan Stanley decreased their target price on shares of Schlumberger from $90.00 to $81.00 and set an “overweight” rating for the company in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $79.56.

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Schlumberger Company Profile

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

Dividend History for Schlumberger (NYSE:SLB)

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