SLB (NYSE:SLB) Price Target Raised to $55.00 at Bank of America

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

Several other research firms have also recently commented on SLB. Rothschild & Co Redburn initiated coverage on SLB in a report on Monday, November 3rd. They issued a “buy” rating and a $48.00 price target for the company. Piper Sandler boosted their target price on shares of SLB from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Sanford C. Bernstein increased their price target on shares of SLB from $47.60 to $52.30 and gave the company an “outperform” rating in a report on Thursday, December 11th. The Goldman Sachs Group reissued a “buy” rating and set a $49.00 price objective on shares of SLB in a report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of SLB from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, SLB currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.12.

SLB Stock Up 1.2%

SLB stock opened at $49.73 on Monday. SLB has a one year low of $31.11 and a one year high of $51.67. 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 company has a fifty day moving average of $40.42 and a 200-day moving average of $36.80. The stock has a market capitalization of $74.30 billion, a PE ratio of 20.98 and a beta of 0.72.

SLB (NYSE:SLB) last posted its quarterly earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (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 firm had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.54 billion. During the same period in the prior year, the company posted $0.92 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts expect that SLB will post 3.38 EPS for the current year.

SLB Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, February 11th will be given a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 2.4%. This is a positive change 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 is 48.10%.

Insider Transactions at SLB

In other SLB news, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $37.69, for a total value of $2,261,400.00. Following the completion of the transaction, the executive vice president directly owned 159,371 shares of the company’s stock, valued at $6,006,692.99. This represents a 27.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter John Coleman sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $35.82, for a total value of $197,010.00. Following the sale, the director owned 18,671 shares of the company’s stock, valued at $668,795.22. This represents a 22.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 103,947 shares of company stock valued at $3,871,337. Corporate insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SLB. Vanguard Group Inc. increased its holdings in 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 worth $6,371,335,000 after purchasing an additional 35,057,313 shares during the last quarter. State Street Corp grew its position in shares of 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 worth $2,898,037,000 after buying an additional 5,466,786 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of SLB by 30.4% in the second quarter. Franklin Resources Inc. now owns 20,233,749 shares of the oil and gas company’s stock worth $683,901,000 after buying an additional 4,719,852 shares during the last quarter. Norges Bank bought a new stake in shares of SLB in the second quarter worth $618,697,000. Finally, Dimensional Fund Advisors LP boosted its stake in 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 valued at $528,217,000 after acquiring an additional 3,094,764 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Key Headlines Impacting SLB

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

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.