Dimensional Fund Advisors LP Has $528.22 Million Position in SLB Limited $SLB

Key Points

• Dimensional Fund Advisors increased its SLB stake by 25.2% in Q3 to 15,366,347 shares — about 1.03% of the company — valued at roughly $528.22 million.
• Insiders have been net sellers: EVP Abdellah Merad and CFO Stephane Biguet each sold ~60k shares on Jan. 26, and insiders disposed of 156,902 shares (~$7.8M) over the last three months, leaving insider ownership at 0.22%.
• SLB beat quarterly estimates (EPS $0.78 vs. $0.74 expected), raised its quarterly dividend to $0.295 (annualized $1.18, ~2.5% yield), and analysts have lifted targets—consensus rating is a Moderate Buy with a $52.96 price target.

Dimensional Fund Advisors LP increased its holdings in shares of SLB Limited (NYSE:SLB - Free Report) by 25.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 15,366,347 shares of the oil and gas company's stock after purchasing an additional 3,094,764 shares during the period. Dimensional Fund Advisors LP owned approximately 1.03% of SLB worth $528,217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Howard Capital Management Inc. increased its holdings in SLB by 3.2% in the 3rd quarter. Howard Capital Management Inc. now owns 9,165 shares of the oil and gas company's stock valued at $315,000 after buying an additional 288 shares during the period. Fielder Capital Group LLC lifted its position in SLB by 2.5% during the 3rd quarter. Fielder Capital Group LLC now owns 12,137 shares of the oil and gas company's stock worth $417,000 after buying an additional 293 shares in the last quarter. Hedges Asset Management LLC grew its stake in shares of SLB by 0.9% during the third quarter. Hedges Asset Management LLC now owns 35,000 shares of the oil and gas company's stock valued at $1,203,000 after purchasing an additional 300 shares during the last quarter. Gables Capital Management Inc. increased its stake in shares of SLB by 31.6% in the 3rd quarter. Gables Capital Management Inc. now owns 1,250 shares of the oil and gas company's stock valued at $43,000 after buying an additional 300 shares during the period. Finally, LRI Investments LLC raised its holdings in SLB by 21.7% during the 3rd quarter. LRI Investments LLC now owns 1,785 shares of the oil and gas company's stock worth $61,000 after purchasing an additional 318 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Insider Buying and Selling at SLB

In other SLB news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $49.70, for a total value of $2,982,000.00. Following the completion of the sale, the executive vice president owned 140,602 shares in the company, valued at approximately $6,987,919.40. This trade represents a 29.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stephane Biguet sold 61,017 shares of SLB stock in a transaction on Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $3,032,544.90. Following the sale, the chief financial officer owned 155,548 shares in the company, valued at $7,730,735.60. The trade was a 28.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 156,902 shares of company stock valued at $7,796,666 in the last three months. Insiders own 0.22% of the company's stock.

SLB Stock Performance

NYSE:SLB opened at $47.90 on Thursday. The stock's 50-day moving average is $47.36 and its 200-day moving average is $39.83. The stock has a market cap of $71.97 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 3.30 and a beta of 0.68. SLB Limited has a 1-year low of $31.11 and a 1-year high of $52.45. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36.

SLB (NYSE:SLB - Get Free Report) last announced its earnings results on Friday, January 23rd. The oil and gas company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. The business had revenue of $9.75 billion for the quarter, compared to analysts' expectations of $9.54 billion. SLB had a return on equity of 17.45% and a net margin of 9.45%.The firm's revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. Equities research analysts anticipate that SLB Limited will post 3.38 earnings per share for the current year.

SLB Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, February 11th will be paid a dividend of $0.295 per share. This is an increase from SLB's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 11th. This represents a $1.18 dividend on an annualized basis and a yield of 2.5%. SLB's dividend payout ratio (DPR) is presently 49.79%.

Wall Street Analyst Weigh In

SLB has been the topic of a number of recent analyst reports. Piper Sandler raised their target price on SLB from $42.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, December 18th. Citigroup raised their price objective on shares of SLB from $53.00 to $56.00 and gave the stock a "buy" rating in a report on Monday, January 26th. JPMorgan Chase & Co. boosted their target price on SLB from $43.00 to $54.00 and gave the company an "overweight" rating in a research note on Monday, January 26th. Royal Bank Of Canada lifted their target price on SLB from $51.00 to $54.00 and gave the company an "outperform" rating in a research report on Monday, January 26th. Finally, Susquehanna boosted their target price on shares of SLB from $52.00 to $58.00 and gave the stock a "positive" rating in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.96.

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.

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