SLB (NYSE:SLB) Price Target Raised to $55.00

SLB (NYSE:SLB) had its target price raised by Bank of America from $50.00 to $55.00 in a report published on Monday,Benzinga reports. Bank of America currently has a buy rating on the oil and gas company’s stock.

A number of other brokerages also recently issued reports on SLB. JPMorgan Chase & Co. lowered their price target on SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. BMO Capital Markets increased their target price on shares of SLB from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday. TD Cowen lifted their price target on shares of SLB from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a report on Wednesday, October 8th. Finally, Barclays increased their price objective on shares of SLB from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.92.

SLB Trading Down 3.5%

Shares of NYSE SLB opened at $48.87 on Monday. The business’s 50 day moving average is $40.97 and its two-hundred day moving average is $36.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.98. SLB has a 1-year low of $31.11 and a 1-year high of $51.67. The stock has a market capitalization of $73.07 billion, a P/E ratio of 20.62, a PEG ratio of 3.43 and a beta of 0.72.

SLB (NYSE:SLB) last posted its quarterly earnings data on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. The business had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.54 billion. SLB had a return on equity of 17.45% and a net margin of 9.45%.The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company earned $0.92 EPS. As a group, research analysts expect that SLB will post 3.38 EPS for the current year.

SLB Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be paid a dividend of $0.295 per share. This is a boost from SLB’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, February 11th. SLB’s payout ratio is presently 48.10%.

Insider Buying and Selling

In other news, CAO Howard Guild sold 13,268 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $49.70, for a total transaction of $659,419.60. Following the transaction, the chief accounting officer owned 22,407 shares of the company’s stock, valued at approximately $1,113,627.90. This represents a 37.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephane Biguet sold 61,017 shares of SLB stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $49.70, for a total value of $3,032,544.90. Following the completion of the sale, the chief financial officer owned 155,548 shares of the company’s stock, valued at $7,730,735.60. The trade was a 28.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 260,849 shares of company stock valued at $11,668,003 over the last 90 days. 0.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of SLB by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after buying an additional 1,166 shares during the last quarter. Bison Wealth LLC bought a new position in shares of SLB during the 4th quarter worth approximately $238,000. Patton Fund Management Inc. purchased a new stake in SLB during the second quarter valued at approximately $216,000. Avior Wealth Management LLC grew its holdings in SLB by 70.4% in the second quarter. Avior Wealth Management LLC now owns 8,905 shares of the oil and gas company’s stock worth $301,000 after purchasing an additional 3,678 shares during the last quarter. Finally, Washington Capital Management Inc. grew its holdings in SLB by 22.4% in the second quarter. Washington Capital Management Inc. now owns 37,185 shares of the oil and gas company’s stock worth $1,257,000 after purchasing an additional 6,800 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

More SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Multiple brokerages raised targets/ratings this week, supporting upside expectations (examples include Susquehanna’s boost to $58 and other bank notes showing constructive views). Susquehanna Boosts SLB Price Target
• Positive Sentiment: SLB won multi‑year supply contracts in Oman (wellheads and artificial lift) and additional Middle East work, reinforcing near‑term revenue visibility in the region. Business Wire: Oman Contracts
• Neutral Sentiment: Commentary pieces are re-evaluating SLB’s valuation and role in evolving energy markets — useful context for positioning but not an immediate catalyst. Yahoo: Is SLB Pricing Reflect Its Role?
• Neutral Sentiment: MarketWatch notes SLB has underperformed some peers recently despite intraday gains, which frames relative performance risk vs. other oilfield services names. MarketWatch: Underperformance vs Competitors
• Negative Sentiment: Significant coordinated insider selling occurred on Jan. 26 — including the CFO, EVP, CAO and multiple directors — amounting to multimillion‑dollar disposals; markets often interpret clustered insider sales as a near‑term negative signal. TipRanks: Coordinated Insider Selling
• Negative Sentiment: Individual SEC‑filed insider sales include EVP Abdellah Merad (~$2.98M), CAO Howard Guild (~$659K) and CFO Stéphane Biguet (>$3M) — these specific filings have been widely reported and are weighing on sentiment. Benzinga: Howard Guild Sale Benzinga: Abdellah Merad Sale
• Negative Sentiment: A Freedom Capital downgrade moved SLB to a “strong sell” designation, creating a direct negative research catalyst amid otherwise bullish analyst activity. Zacks / Freedom Capital Downgrade
• Negative Sentiment: SLB’s JV with Aker Carbon Capture reported a loss on a carbon‑capture project — this may temper near‑term enthusiasm for SLB’s energy‑transition growth narrative. Upstream: Loss on Carbon Capture Project

About SLB

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.