Mesirow Financial Investment Management Inc. Sells 4,106 Shares of Schlumberger Limited (NYSE:SLB)

Mesirow Financial Investment Management Inc. reduced its stake in Schlumberger Limited (NYSE:SLB) by 38.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,663 shares of the oil and gas company’s stock after selling 4,106 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Schlumberger were worth $255,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prospera Private Wealth LLC bought a new stake in Schlumberger in the third quarter valued at $29,000. YANKCOM Partnership bought a new stake in Schlumberger in the fourth quarter valued at $31,000. Stonebridge Financial Group LLC acquired a new position in shares of Schlumberger during the fourth quarter valued at about $32,000. Golden State Wealth Management LLC acquired a new position in shares of Schlumberger during the fourth quarter valued at about $34,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Schlumberger during the third quarter valued at about $37,000. 81.99% of the stock is owned by institutional investors.

Schlumberger Stock Performance

Shares of SLB stock opened at $41.36 on Monday. The firm has a market cap of $56.25 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 10.10 and a beta of 1.47. 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 Limited has a 52 week low of $36.52 and a 52 week high of $55.69. The firm’s 50-day simple moving average is $40.73 and its two-hundred day simple moving average is $41.63.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data 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 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 quarter in the previous year, the firm posted $0.86 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be given a $0.285 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 annualized dividend and a dividend yield of 2.76%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s payout ratio is 36.66%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Atb Cap Markets cut shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Citigroup lifted their price objective on shares of Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $57.00 price objective on shares of Schlumberger in a report on Tuesday, January 21st. Evercore ISI reiterated an “in-line” rating and set a $44.00 price objective (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Finally, Piper Sandler assumed coverage on shares of Schlumberger in a report on Thursday, December 19th. They set a “neutral” rating and a $47.00 price objective for the company. Six 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $55.81.

Insider Activity

In other news, Director Vijay Kasibhatla sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the sale, the director now owns 49,595 shares of the company’s stock, valued at $2,179,204.30. The trade was a 33.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $8,723,202.88. This trade represents a 22.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 290,772 shares of company stock valued at $12,546,660 over the last quarter. Company insiders own 0.26% of the company’s stock.

Schlumberger Company 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.