Dimensional Fund Advisors LP Boosts Stake in SLB Limited $SLB

Dimensional Fund Advisors LP boosted its position in SLB Limited (NYSE:SLB) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,901,998 shares of the oil and gas company’s stock after purchasing an additional 169,468 shares during the period. Dimensional Fund Advisors LP’s holdings in SLB were worth $817,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Abel Hall LLC grew its stake in shares of SLB by 2.7% during the first quarter. Abel Hall LLC now owns 7,535 shares of the oil and gas company’s stock valued at $387,000 after buying an additional 198 shares during the last quarter. Private Wealth Asset Management LLC lifted its stake in shares of SLB by 4.1% during the 4th quarter. Private Wealth Asset Management LLC now owns 5,041 shares of the oil and gas company’s stock worth $193,000 after acquiring an additional 200 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of SLB by 9.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 2,503 shares of the oil and gas company’s stock worth $129,000 after acquiring an additional 214 shares during the last quarter. Ballentine Partners LLC boosted its holdings in SLB by 2.2% during the 4th quarter. Ballentine Partners LLC now owns 10,288 shares of the oil and gas company’s stock valued at $395,000 after acquiring an additional 218 shares during the period. Finally, Davis Capital Management boosted its holdings in SLB by 1.0% during the 1st quarter. Davis Capital Management now owns 21,968 shares of the oil and gas company’s stock valued at $1,129,000 after acquiring an additional 220 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

SLB Stock Up 0.0%

Shares of NYSE:SLB opened at $47.01 on Monday. The business’s 50 day moving average is $51.90 and its 200 day moving average is $50.31. The stock has a market cap of $70.29 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 1.89 and a beta of 0.72. SLB Limited has a 52-week low of $31.64 and a 52-week high of $58.82. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 0.35.

SLB (NYSE:SLB) last issued its earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. SLB had a return on equity of 15.54% and a net margin of 9.26%.The business had revenue of $8.72 billion during the quarter, compared to analyst estimates of $8.76 billion. During the same period in the previous year, the company posted $0.72 EPS. SLB’s revenue was up 2.7% on a year-over-year basis. Sell-side analysts predict that SLB Limited will post 2.53 EPS for the current year.

SLB Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd were paid a dividend of $0.295 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $1.18 annualized dividend and a dividend yield of 2.5%. SLB’s dividend payout ratio (DPR) is currently 51.53%.

Insider Activity

In related news, EVP Steve Matthew Gassen sold 53,379 shares of SLB stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $56.18, for a total value of $2,998,832.22. Following the completion of the sale, the executive vice president directly owned 47,421 shares in the company, valued at $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director La Chevardiere Patrick De sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $54.33, for a total transaction of $108,660.00. Following the completion of the sale, the director directly owned 16,953 shares of the company’s stock, valued at approximately $921,056.49. This trade represents a 10.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

SLB has been the topic of a number of recent analyst reports. Wolfe Research began coverage on SLB in a research note on Wednesday, July 8th. They issued an “outperform” rating and a $62.00 target price on the stock. Barclays lowered their target price on shares of SLB from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday. UBS Group cut their price target on shares of SLB from $69.00 to $66.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $65.00 price target on shares of SLB in a research note on Sunday, April 26th. Finally, Raymond James Financial decreased their price objective on shares of SLB from $62.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.30.

SLB Company Profile

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.