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4. Schlumberger Limited (NYSE:SLB) has seen the value of its stock increase by 4.72% as of 12:18 PM ET after the Houston, Texas-based oilfield equipment and services company reported strong revenue and EPS results for Q1 2022. Schlumberger Limited (NYSE:SLB) also raised its dividend by 40% to 17.5 cents due to strong commodity prices and energy demand globally. Revenue increased by 14.2% YoY to $5.96 billion and surpassed analysts’ estimate of $5.9 billion. Meanwhile, the non-GAAP EPS of 34 cents was one cent higher than the analysts’ forecast. Analysts at Tudor, Pickering, Holt & Co. have termed the dividend hike as ‘a very welcome surprise.’ Despite the conflict between Ukraine and Russia causing operational challenges, Schlumberger Limited (NYSE:SLB) did not report a write-down from its operations in Russia.

Of the 924 hedge funds in Insider Monkey’s database, Schlumberger Limited (NYSE:SLB) was held by 47 hedge funds as of Q4 2021.