Schlumberger Limited. (NYSE:SLB) announced a quarterly dividend on Friday, April 21st. Stockholders of record on Thursday, June 1st will be given a dividend of 0.50 per share by the oil and gas company on Friday, July 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.61%.
Schlumberger Limited. has raised its dividend payment by an average of 18.2% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Schlumberger Limited. has a payout ratio of 114.9% meaning 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 Limited. to earn $3.30 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 60.6%.
Schlumberger Limited. (NYSE:SLB) traded down 2.65% during midday trading on Friday, hitting $74.48. The stock had a trading volume of 11,026,746 shares. The stock’s 50-day moving average is $78.61 and its 200-day moving average is $81.52. The company’s market capitalization is $103.64 billion. Schlumberger Limited. has a 1-year low of $72.00 and a 1-year high of $87.84. Schlumberger Limited. also saw unusually large options trading activity on Friday. Stock investors bought 2,048 call options on the company. This is an increase of approximately 398% compared to the average daily volume of 411 call options.
Schlumberger Limited. (NYSE:SLB) last issued its quarterly earnings data on Friday, April 21st. The oil and gas company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. The company earned $6.89 billion during the quarter, compared to the consensus estimate of $6.98 billion. Schlumberger Limited. had a negative net margin of 6.07% and a positive return on equity of 3.81%. Schlumberger Limited.’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Equities research analysts forecast that Schlumberger Limited. will post $1.74 EPS for the current year.
A number of equities analysts recently commented on SLB shares. Evercore ISI reissued a “buy” rating and issued a $99.00 price objective on shares of Schlumberger Limited. in a research note on Tuesday, January 31st. Jefferies Group LLC boosted their price objective on shares of Schlumberger Limited. from $96.00 to $99.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. BMO Capital Markets reissued a “buy” rating and issued a $96.00 price objective on shares of Schlumberger Limited. in a research note on Thursday, January 12th. Deutsche Bank AG set a $101.00 price objective on shares of Schlumberger Limited. and gave the stock a “buy” rating in a research note on Monday, January 23rd. Finally, Scotiabank reissued a “buy” rating and issued a $95.00 price objective on shares of Schlumberger Limited. in a research note on Wednesday, March 22nd. Five analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $95.83.
In other Schlumberger Limited. news, Director Tore I. Sandvold sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $81.54, for a total value of $407,700.00. Following the completion of the transaction, the director now owns 7,750 shares in the company, valued at $631,935. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.36% of the company’s stock.
About Schlumberger Limited.
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.
Receive News & Ratings for Schlumberger Limited. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger Limited. and related companies with MarketBeat.com's FREE daily email newsletter.