SLB (NYSE:SLB) Price Target Raised to $54.00

SLB (NYSE:SLB) had its target price lifted by JPMorgan Chase & Co. from $43.00 to $54.00 in a report released on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the oil and gas company’s stock.

Several other analysts have also issued reports on the company. Morgan Stanley reiterated an “overweight” rating and set a $50.00 price objective on shares of SLB in a report on Wednesday, January 21st. Royal Bank Of Canada upped their target price on SLB from $51.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday. Citigroup raised their price target on SLB from $53.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday. Piper Sandler boosted their price target on SLB from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Finally, Rothschild Redb upgraded SLB to a “strong-buy” rating in a report on Monday, November 3rd. Three 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’s stock. According to MarketBeat, SLB currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.92.

SLB Price Performance

Shares of SLB opened at $48.87 on Monday. The business’s 50-day moving average is $40.97 and its 200-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. The company has a market capitalization of $73.07 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 3.43 and a beta of 0.72. SLB has a fifty-two week low of $31.11 and a fifty-two week high of $51.67.

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

SLB Increases Dividend

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

Insiders Place Their Bets

In related news, CFO Stephane Biguet sold 61,017 shares of SLB stock in a transaction on 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 transaction, the chief financial officer owned 155,548 shares in the company, valued at $7,730,735.60. This trade represents a 28.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Howard Guild sold 13,268 shares of the business’s 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 260,849 shares of company stock worth $11,668,003 in the last ninety days. 0.22% of the stock is owned by insiders.

Institutional Trading of SLB

Several hedge funds have recently added to or reduced their stakes in SLB. Synergy Asset Management LLC boosted its stake in SLB by 100.0% in the 3rd quarter. Synergy Asset Management LLC now owns 80,830 shares of the oil and gas company’s stock valued at $2,732,000 after buying an additional 40,415 shares in the last quarter. Americana Partners LLC lifted its holdings in shares of SLB by 10.1% during the third quarter. Americana Partners LLC now owns 248,057 shares of the oil and gas company’s stock valued at $8,526,000 after acquiring an additional 22,706 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of SLB by 13.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 210,056 shares of the oil and gas company’s stock valued at $7,220,000 after purchasing an additional 25,417 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of SLB by 1,937.4% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 996,948 shares of the oil and gas company’s stock worth $34,265,000 after purchasing an additional 948,015 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of SLB by 4.9% during the 3rd quarter. Nordea Investment Management AB now owns 2,157,885 shares of the oil and gas company’s stock worth $72,354,000 after purchasing an additional 100,918 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

SLB News Summary

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.