Mediolanum International Funds Ltd Has $27.51 Million Stock Holdings in Schlumberger Limited (NYSE:SLB)

Mediolanum International Funds Ltd grew its position in Schlumberger Limited (NYSE:SLB - Free Report) by 301.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 729,335 shares of the oil and gas company's stock after purchasing an additional 547,776 shares during the period. Mediolanum International Funds Ltd owned about 0.05% of Schlumberger worth $27,508,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Grove Bank & Trust increased its position in Schlumberger by 17.4% in the third quarter. Grove Bank & Trust now owns 1,514 shares of the oil and gas company's stock worth $64,000 after purchasing an additional 224 shares during the period. M&R Capital Management Inc. raised its stake in shares of Schlumberger by 1.7% during the third quarter. M&R Capital Management Inc. now owns 14,817 shares of the oil and gas company's stock worth $622,000 after buying an additional 241 shares during the last quarter. CX Institutional raised its stake in shares of Schlumberger by 2.4% during the fourth quarter. CX Institutional now owns 10,370 shares of the oil and gas company's stock worth $398,000 after buying an additional 244 shares during the last quarter. GM Advisory Group LLC lifted its holdings in Schlumberger by 3.8% in the third quarter. GM Advisory Group LLC now owns 6,701 shares of the oil and gas company's stock valued at $281,000 after buying an additional 247 shares during the period. Finally, Cordatus Wealth Management LLC boosted its stake in Schlumberger by 2.1% in the third quarter. Cordatus Wealth Management LLC now owns 13,383 shares of the oil and gas company's stock valued at $561,000 after acquiring an additional 281 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SLB. Barclays decreased their price objective on Schlumberger from $61.00 to $53.00 and set an "overweight" rating for the company in a research note on Wednesday, December 18th. TD Cowen increased their target price on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Evercore ISI reissued an "in-line" rating and issued a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Piper Sandler began coverage on Schlumberger in a research note on Thursday, December 19th. They issued a "neutral" rating and a $47.00 target price on the stock. Finally, Wells Fargo & Company cut their target price on Schlumberger from $49.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $55.81.

Insider Buying and Selling

In other news, Director Vijay Kasibhatla sold 25,000 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the completion of the transaction, the director now owns 49,595 shares of the company's stock, valued at approximately $2,179,204.30. The trade was a 33.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total value of $5,427,346.73. Following the transaction, the executive vice president now directly owns 184,626 shares of the company's stock, valued at $8,140,160.34. This trade represents a 40.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 263,782 shares of company stock valued at $11,442,229. Insiders own 0.26% of the company's stock.

Schlumberger Stock Down 0.3 %

SLB stock traded down $0.12 during mid-day trading on Monday, reaching $40.16. The company had a trading volume of 12,499,492 shares, compared to its average volume of 15,036,958. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The stock has a 50 day simple moving average of $40.49 and a two-hundred day simple moving average of $42.49. The company has a market capitalization of $56.26 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 9.55 and a beta of 1.51. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.69.

Schlumberger (NYSE:SLB - Get Free Report) last issued its earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. During the same period in the previous year, the company posted $0.86 EPS. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This is a boost from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger's dividend payout ratio (DPR) is presently 35.37%.

Schlumberger Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.