SLB (NYSE:SLB) Price Target Raised to $58.00

SLB (NYSE:SLB) had its target price boosted by Susquehanna from $52.00 to $58.00 in a report issued on Monday, Marketbeat Ratings reports. They currently have a positive rating on the oil and gas company’s stock.

Several other analysts also recently issued reports on SLB. Sanford C. Bernstein upped their price objective on shares of SLB from $47.60 to $52.30 and gave the company an “outperform” rating in a research note on Thursday, December 11th. UBS Group boosted their price target on shares of SLB from $44.00 to $50.00 and gave the company a “buy” rating in a report on Friday, December 12th. TD Cowen upped their price target on shares of SLB from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Evercore ISI set a $54.00 price objective on shares of SLB and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Finally, Citigroup boosted their target price on shares of SLB from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $51.92.

SLB Price Performance

Shares of NYSE:SLB opened at $48.87 on Monday. The company has a market capitalization of $73.07 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 3.43 and a beta of 0.72. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a fifty day moving average of $40.97 and a 200-day moving average of $36.98. SLB has a one year low of $31.11 and a one year high of $51.67.

SLB (NYSE:SLB) last announced its earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. SLB had a return on equity of 17.45% and a net margin of 9.45%.The company had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.54 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. SLB’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities analysts anticipate that SLB will post 3.38 EPS for the current fiscal 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 $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from SLB’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, February 11th. SLB’s dividend payout ratio (DPR) is currently 48.10%.

Insider Activity

In related news, CAO Howard Guild sold 13,268 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $659,419.60. Following the completion of the sale, the chief accounting officer owned 22,407 shares of the company’s stock, valued at approximately $1,113,627.90. The trade was a 37.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stephane Biguet sold 61,017 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 155,548 shares in the company, valued at $7,730,735.60. This represents a 28.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 260,849 shares of company stock valued at $11,668,003. 0.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SLB. Vanguard Group Inc. lifted its stake in shares of SLB by 23.3% in the 3rd quarter. Vanguard Group Inc. now owns 185,374,879 shares of the oil and gas company’s stock valued at $6,371,335,000 after purchasing an additional 35,057,313 shares during the last quarter. State Street Corp raised its holdings in SLB by 7.0% during the third quarter. State Street Corp now owns 83,617,999 shares of the oil and gas company’s stock valued at $2,898,037,000 after buying an additional 5,466,786 shares in the last quarter. Franklin Resources Inc. raised its holdings in SLB by 30.4% during the second quarter. Franklin Resources Inc. now owns 20,233,749 shares of the oil and gas company’s stock valued at $683,901,000 after buying an additional 4,719,852 shares in the last quarter. Norges Bank acquired a new stake in shares of SLB in the second quarter worth about $618,697,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of SLB by 25.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 15,366,347 shares of the oil and gas company’s stock worth $528,217,000 after acquiring an additional 3,094,764 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB News Roundup

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.