SLB (NYSE:SLB) Given New $54.00 Price Target at Royal Bank Of Canada

SLB (NYSE:SLB) had its target price hoisted by Royal Bank Of Canada from $51.00 to $54.00 in a research note released on Monday morning, Marketbeat reports. The brokerage currently has an outperform rating on the oil and gas company’s stock.

Other equities analysts have also recently issued research reports about the stock. Rothschild Redb raised shares of SLB to a “strong-buy” rating in a research note on Monday, November 3rd. Rothschild & Co Redburn assumed coverage on shares of SLB in a report on Monday, November 3rd. They set a “buy” rating and a $48.00 price objective for the company. TD Cowen increased their target price on SLB from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Piper Sandler raised their price target on SLB from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. Finally, JPMorgan Chase & Co. cut their price objective on SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.12.

SLB Price Performance

SLB stock opened at $49.73 on Monday. The stock has a market cap of $74.30 billion, a price-to-earnings ratio of 20.98 and a beta of 0.72. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $40.42 and a 200 day simple moving average of $36.80. SLB has a 52 week low of $31.11 and a 52 week high of $51.67.

SLB (NYSE:SLB) last issued its quarterly earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.54 billion. During the same quarter last year, the company posted $0.92 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts forecast that SLB will post 3.38 earnings per share for the current fiscal year.

SLB Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be issued a $0.295 dividend. This is an increase 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 is Wednesday, February 11th. SLB’s dividend payout ratio (DPR) is presently 48.10%.

Insider Activity

In related news, Director Peter John Coleman sold 5,500 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $35.82, for a total transaction of $197,010.00. Following the completion of the sale, the director directly owned 18,671 shares in the company, valued at $668,795.22. This represents a 22.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephane Biguet sold 38,447 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $36.75, for a total value of $1,412,927.25. Following the transaction, the chief financial officer owned 175,690 shares in the company, valued at approximately $6,456,607.50. The trade was a 17.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 103,947 shares of company stock valued at $3,871,337. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On SLB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Synergy Asset Management LLC increased its position in SLB by 100.0% during 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 purchasing an additional 40,415 shares during the period. Americana Partners LLC boosted its stake 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 purchasing an additional 22,706 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in SLB by 13.8% during the third 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 buying an additional 25,417 shares during the period. Bank Pictet & Cie Europe AG raised its stake in SLB by 1,937.4% in the third quarter. Bank Pictet & Cie Europe AG now owns 996,948 shares of the oil and gas company’s stock worth $34,265,000 after buying an additional 948,015 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in SLB by 4.9% in the third quarter. Nordea Investment Management AB now owns 2,157,885 shares of the oil and gas company’s stock worth $72,354,000 after buying an additional 100,918 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

More SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Susquehanna raised its price target to $58 and kept a “positive” rating — the highest upgrade in this batch, implying ~16.6% upside. Susquehanna Upgrade The Fly
• Positive Sentiment: Bank of America bumped its target to $55 and reaffirmed a “buy” stance, signaling ~10.6% upside and stronger confidence from a large sell‑side house. BofA Upgrade
• Positive Sentiment: BMO Capital Markets raised its target to $55 and keeps an “outperform” rating, another vote of confidence supporting higher near‑term upside. BMO Upgrade The Fly
• Positive Sentiment: JPMorgan raised its target to $54 and moved to “overweight,” reflecting increased expectations for SLB’s earnings and cash‑flow trajectory. JPMorgan Upgrade
• Positive Sentiment: RBC lifted its target to $54 and kept an “outperform” rating, echoing the consensus that SLB’s fundamentals support higher valuation. RBC Upgrade The Fly
• Positive Sentiment: OilPrice reports North American revenue jumped after SLB closed the ChampionX acquisition — a near‑term revenue and backlog boost that supports the recent analyst upgrades. OilPrice Article
• Neutral Sentiment: Zacks published analysis on SLB’s international revenue trends — useful for evaluating geographic exposure and growth sustainability but not an immediate catalyst. Zacks Analysis

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.