Mountain Hill Investment Partners Corp. Makes New $4.99 Million Investment in Schlumberger Limited (NYSE:SLB)

Mountain Hill Investment Partners Corp. purchased a new position in Schlumberger Limited (NYSE:SLB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 130,150 shares of the oil and gas company's stock, valued at approximately $4,990,000. Schlumberger comprises 5.1% of Mountain Hill Investment Partners Corp.'s holdings, making the stock its 9th biggest holding.

Several other institutional investors also recently modified their holdings of the stock. Pacer Advisors Inc. grew its holdings in shares of Schlumberger by 12,289.6% in the 4th quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock worth $500,082,000 after acquiring an additional 12,938,082 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Schlumberger by 20.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,213,944 shares of the oil and gas company's stock valued at $470,425,000 after purchasing an additional 1,916,851 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Schlumberger by 196.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,312,304 shares of the oil and gas company's stock worth $88,654,000 after purchasing an additional 1,533,366 shares in the last quarter. Boston Partners raised its holdings in Schlumberger by 9.9% during the 4th quarter. Boston Partners now owns 15,529,159 shares of the oil and gas company's stock worth $597,356,000 after buying an additional 1,405,186 shares during the period. Finally, Scharf Investments LLC purchased a new stake in Schlumberger during the fourth quarter valued at about $52,607,000. Institutional investors own 81.99% of the company's stock.

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Analyst Upgrades and Downgrades

SLB has been the subject of several recent analyst reports. Jefferies Financial Group decreased their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Thursday. Citigroup lifted their target price on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Griffin Securities downgraded shares of Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Royal Bank of Canada restated an "outperform" rating and set a $57.00 price target on shares of Schlumberger in a report on Tuesday, January 21st. Finally, Evercore ISI reiterated an "in-line" rating and issued a $44.00 price objective (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Schlumberger presently has an average rating of "Moderate Buy" and a consensus target price of $55.69.

Insider Transactions at Schlumberger

In other Schlumberger news, insider Dianne B. Ralston sold 43,161 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.96, for a total transaction of $1,897,357.56. Following the sale, the insider now owns 235,024 shares of the company's stock, valued at $10,331,655.04. This represents a 15.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of the business's stock in a transaction dated 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 directly owns 49,595 shares of the company's stock, valued at approximately $2,179,204.30. This represents a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 290,772 shares of company stock worth $12,546,660. Insiders own 0.26% of the company's stock.

Schlumberger Stock Performance

Schlumberger stock traded down $0.24 during mid-day trading on Friday, reaching $41.87. The company had a trading volume of 12,887,648 shares, compared to its average volume of 12,188,001. The company has a 50 day moving average of $41.29 and a 200-day moving average of $41.44. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.65. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The firm has a market cap of $56.93 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 10.10 and a beta of 1.47.

Schlumberger (NYSE:SLB - Get Free Report) last issued 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. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. During the same period in the previous year, the business earned $0.86 EPS. The firm's revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a yield of 2.72%. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's payout ratio 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.