SLB (NYSE:SLB) Given New $66.00 Price Target at TD Cowen

SLB (NYSE:SLB) had its target price hoisted by TD Cowen from $55.00 to $66.00 in a research report sent to investors on Monday, Marketbeat reports. The brokerage currently has a buy rating on the oil and gas company’s stock.

Other equities analysts have also issued research reports about the company. Sanford C. Bernstein increased their target price on SLB from $52.30 to $56.10 and gave the company an “outperform” rating in a report on Thursday, March 12th. Morgan Stanley increased their target price on shares of SLB from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Wall Street Zen downgraded shares of SLB from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings upgraded shares of SLB from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $65.00 target price on shares of SLB in a research note on Sunday. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.53.

SLB Stock Performance

NYSE:SLB opened at $55.20 on Monday. The firm has a market capitalization of $82.95 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 3.85 and a beta of 0.69. The business’s fifty day moving average price is $50.36 and its 200 day moving average price is $43.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.98. SLB has a 12 month low of $31.64 and a 12 month high of $56.90.

SLB (NYSE:SLB) last posted its earnings results on Friday, April 24th. The oil and gas company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.76 billion. SLB had a return on equity of 15.54% and a net margin of 9.26%.SLB’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 earnings per share. On average, sell-side analysts anticipate that SLB will post 2.67 earnings per share for the current fiscal year.

SLB Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, June 3rd. SLB’s dividend payout ratio (DPR) is presently 51.53%.

Institutional Investors Weigh In On SLB

A number of hedge funds and other institutional investors have recently modified their holdings of SLB. Vanguard Group Inc. lifted its position in shares of SLB by 23.3% during 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 acquiring an additional 35,057,313 shares during the period. Norges Bank acquired a new stake in shares of SLB during the 4th quarter valued at approximately $809,557,000. Bank of New York Mellon Corp lifted its position in shares of SLB by 64.4% during the 4th quarter. Bank of New York Mellon Corp now owns 15,696,831 shares of the oil and gas company’s stock valued at $602,444,000 after acquiring an additional 6,149,511 shares during the period. Wellington Management Group LLP lifted its position in shares of SLB by 50.6% during the 4th quarter. Wellington Management Group LLP now owns 16,635,566 shares of the oil and gas company’s stock valued at $638,473,000 after acquiring an additional 5,589,585 shares during the period. Finally, State Street Corp lifted its position in shares of SLB by 7.0% during the 3rd 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 acquiring an additional 5,466,786 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Several brokerages raised price targets and reiterated upbeat ratings, providing upward pressure on the stock: TD Cowen raised its target to $66 and kept a buy rating. TD Cowen price target raise
• Positive Sentiment: BMO Capital Markets bumped its price target to $63 with an “outperform” call, another vote of confidence for SLB’s medium-term growth. BMO price target raise
• Positive Sentiment: JPMorgan raised its price target to $61 and moved to overweight, supporting upside expectations versus the current price. JPMorgan upgrade
• Positive Sentiment: RBC reaffirmed an “outperform” rating with a $61 target, signaling continued institutional confidence. RBC reaffirmation
• Positive Sentiment: Stifel raised its target to $61 and maintained a buy rating, joining other analysts lifting forecasts after Q1. Stifel price target raise
• Neutral Sentiment: Analyst notes emphasize SLB’s strengths in production exposure, Data Center Solutions and its Digital segment as potential earnings supports for 2026 — a structural positive, but not immediate proof of stronger near-term revenue. Morgan Stanley note
• Neutral Sentiment: Coverage pieces exploring SLB’s international revenue mix and geographic diversification provide context for forecasts but highlight variability by region; useful for medium-term modeling rather than an immediate catalyst. International revenue analysis Zacks coverage
• Neutral Sentiment: Q1 results were mixed: EPS roughly in line with consensus and revenue largely as-expected but down year-over-year, prompting analysts to update models — supportive of higher targets but leaving short-term execution questions. Q1 deep dive
• Negative Sentiment: Geopolitical disruption in the Middle East (Iran conflict) is cited as a material near-term headwind that can affect regional operations and supply chains, creating downside risk to near-term growth. Seeking Alpha geopolitical risks
• Negative Sentiment: Analysts note Middle East disruptions offset gains from digital and production services in Q1, underscoring the possibility of continued margin pressure into eFY26. Operational headwinds

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.