Schlumberger Limited. Plans Quarterly Dividend of $0.50 (NYSE:SLB)

Posted by Don Miller on Dec 2nd, 2019

Schlumberger Limited. (NYSE:SLB) declared a quarterly dividend on Friday, October 18th, Zacks reports. Investors of record on Wednesday, December 4th will be given a dividend of 0.50 per share by the oil and gas company on Friday, January 10th. This represents a $2.00 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date is Tuesday, December 3rd.

NYSE:SLB opened at $36.20 on Monday. The company has a market capitalization of $50.11 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 3.65 and a beta of 1.56. Schlumberger has a one year low of $30.65 and a one year high of $48.88. The stock has a 50-day simple moving average of $34.77 and a 200 day simple moving average of $36.04. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.95 and a current ratio of 1.29.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The business had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.50 billion. Schlumberger had a positive return on equity of 6.00% and a negative net margin of 30.22%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share. On average, equities research analysts forecast that Schlumberger will post 1.46 EPS for the current fiscal year.

SLB has been the subject of a number of research reports. Bank of America set a $43.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Monday, October 21st. Barclays set a $47.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Friday, October 18th. ValuEngine upgraded Schlumberger from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Citigroup cut their price target on Schlumberger from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Finally, Deutsche Bank assumed coverage on Schlumberger in a report on Wednesday, November 27th. They set a “buy” rating and a $42.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Schlumberger has an average rating of “Buy” and an average target price of $44.94.

In related news, Director Saul R. Laureles sold 4,350 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.72, for a total transaction of $151,032.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Simon Farrant sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $33.55, for a total value of $167,750.00. Following the sale, the vice president now directly owns 20,316 shares in the company, valued at approximately $681,601.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,735 shares of company stock worth $3,762,614. 0.48% of the stock is owned by corporate insiders.

Schlumberger Company Profile

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.