Mizuho Securities USA LLC Purchases 41,761 Shares of Schlumberger Limited (NYSE:SLB)

Mizuho Securities USA LLC grew its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 45.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,840 shares of the oil and gas company's stock after purchasing an additional 41,761 shares during the quarter. Mizuho Securities USA LLC's holdings in Schlumberger were worth $5,131,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Pathstone Holdings LLC boosted its position in Schlumberger by 3.6% during the 3rd quarter. Pathstone Holdings LLC now owns 148,635 shares of the oil and gas company's stock valued at $6,240,000 after acquiring an additional 5,105 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in Schlumberger during the third quarter valued at $29,000. Commerce Bank increased its stake in shares of Schlumberger by 1.5% in the 3rd quarter. Commerce Bank now owns 64,605 shares of the oil and gas company's stock worth $2,710,000 after acquiring an additional 958 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Schlumberger during the third quarter valued at approximately $680,000. Finally, Charles Schwab Investment Management Inc. increased its position in Schlumberger by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,990,797 shares of the oil and gas company's stock valued at $335,214,000 after buying an additional 31,718 shares in the last quarter. Institutional investors own 81.99% of the company's stock.

Insider Transactions at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the completion of the sale, the executive vice president now directly owns 210,502 shares of the company's stock, valued at approximately $8,723,202.88. The trade was a 22.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bejar Carmen Rando sold 5,524 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the transaction, the insider now owns 30,829 shares in the company, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SLB shares. Jefferies Financial Group dropped their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday. Citigroup lifted their target price on Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Evercore ISI reaffirmed an "in-line" rating and set a $44.00 price target (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Stifel Nicolaus dropped their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Monday, December 23rd. Finally, Barclays decreased their price objective on shares of Schlumberger from $61.00 to $53.00 and set an "overweight" rating for the company in a report on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Schlumberger has a consensus rating of "Moderate Buy" and a consensus target price of $55.69.

Schlumberger Price Performance

Shares of NYSE SLB traded down $0.28 during midday trading on Thursday, reaching $42.14. The stock had a trading volume of 23,866,917 shares, compared to its average volume of 11,800,765. The company has a market capitalization of $57.31 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.69. The stock has a 50-day moving average of $41.30 and a 200-day moving average of $41.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45.

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

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be given a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This is an increase from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 2.71%. Schlumberger's dividend payout ratio (DPR) is currently 36.66%.

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.