Schlumberger Limited. (NYSE:SLB) announced a quarterly dividend on Wednesday, October 18th, NASDAQ reports. Investors of record on Wednesday, December 6th will be given a dividend of 0.50 per share by the oil and gas company on Friday, January 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Tuesday, December 5th.

Schlumberger has raised its dividend payment by an average of 18.2% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Schlumberger has a dividend payout ratio of 136.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Schlumberger to earn $2.13 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 93.9%.

Shares of Schlumberger (NYSE SLB) opened at $62.15 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. The company has a market capitalization of $86,287.97, a PE ratio of 48.29, a price-to-earnings-growth ratio of 1.90 and a beta of 1.02. Schlumberger has a 1 year low of $61.02 and a 1 year high of $87.84.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.91 billion. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 earnings per share. sell-side analysts expect that Schlumberger will post 1.47 EPS for the current year.

SLB has been the subject of a number of analyst reports. Jefferies Group set a $80.00 price target on Schlumberger and gave the stock a “buy” rating in a research report on Friday, August 25th. Argus initiated coverage on Schlumberger in a research report on Monday, August 21st. They issued a “buy” rating for the company. Deutsche Bank initiated coverage on Schlumberger in a research report on Tuesday, October 10th. They issued a “buy” rating and a $78.00 price target for the company. Royal Bank Of Canada set a $86.00 price target on Schlumberger and gave the stock a “buy” rating in a research report on Saturday, October 7th. Finally, Cowen set a $80.00 price target on Schlumberger and gave the stock a “buy” rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $79.31.

In other news, Director Tore I. Sandvold sold 3,500 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at $93,945. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. North Star Asset Management Inc. boosted its stake in Schlumberger by 3.6% during the second quarter. North Star Asset Management Inc. now owns 35,379 shares of the oil and gas company’s stock valued at $2,329,000 after buying an additional 1,230 shares during the last quarter. First Fiduciary Investment Counsel Inc. boosted its stake in Schlumberger by 5.9% during the second quarter. First Fiduciary Investment Counsel Inc. now owns 155,439 shares of the oil and gas company’s stock valued at $10,234,000 after buying an additional 8,660 shares during the last quarter. 1st Global Advisors Inc. boosted its stake in Schlumberger by 30.9% during the second quarter. 1st Global Advisors Inc. now owns 47,359 shares of the oil and gas company’s stock valued at $3,118,000 after buying an additional 11,174 shares during the last quarter. Northern Cross LLC boosted its stake in Schlumberger by 3.8% during the second quarter. Northern Cross LLC now owns 16,896,879 shares of the oil and gas company’s stock valued at $1,112,491,000 after buying an additional 620,270 shares during the last quarter. Finally, National Asset Management Inc. boosted its stake in Schlumberger by 5.8% during the second quarter. National Asset Management Inc. now owns 9,093 shares of the oil and gas company’s stock valued at $599,000 after buying an additional 496 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

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About Schlumberger

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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