SLB (NYSE:SLB) Hits New 52-Week High on Analyst Upgrade

SLB Limited (NYSE:SLB) shares reached a new 52-week high during mid-day trading on Tuesday after Susquehanna raised their price target on the stock from $42.00 to $52.00. Susquehanna currently has a positive rating on the stock. SLB traded as high as $45.16 and last traded at $43.7840, with a volume of 56280285 shares changing hands. The stock had previously closed at $40.20.

A number of other analysts have also recently issued reports on the company. Barclays lowered their price objective on SLB from $48.00 to $47.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of SLB in a report on Wednesday, October 8th. Redburn Partners set a $48.00 price objective on shares of SLB in a research note on Monday, November 3rd. TD Cowen raised their price objective on shares of SLB from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Finally, Rothschild & Co Redburn began coverage on shares of SLB in a research report on Monday, November 3rd. They set a “buy” rating and a $48.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, SLB presently has an average rating of “Moderate Buy” and an average price target of $53.42.

Insider Transactions at SLB

In other SLB news, CFO Stephane Biguet sold 38,447 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $36.75, for a total value of $1,412,927.25. Following the transaction, the chief financial officer directly owned 175,690 shares in the company, valued at $6,456,607.50. The trade was a 17.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $37.69, for a total transaction of $2,261,400.00. Following the sale, the executive vice president directly owned 159,371 shares in the company, valued at $6,006,692.99. This represents a 27.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 103,947 shares of company stock valued at $3,871,337. 0.22% of the stock is owned by insiders.

Key Stories Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Evercore ISI upgraded SLB from “in-line” to “outperform” and raised its price target to $54 (from $38), signaling a sizable upside view from a major research shop — a direct bullish catalyst for the stock. Evercore upgrade coverage
• Positive Sentiment: U.S. plans to rebuild Venezuela’s oil infrastructure could create a multi‑billion-dollar opportunity for service providers like SLB, supporting medium‑to‑longer term revenue upside if U.S. involvement proceeds. Investopedia: Venezuela opportunity
• Positive Sentiment: Analysts and market pieces are flagging a potential $100B+ opportunity tied to Caracas restoration, which could materially expand addressable market for SLB’s services if realized. MarketBeat: Caracas catalyst
• Positive Sentiment: SLB announced a Canada distribution partnership with Motif Valve & Supply — a regional commercial move that should modestly improve local market access and execution. SLB Canada partnership
• Neutral Sentiment: Multiple analyst notes and an aggregate review of 13 ratings indicate active coverage and divergent views; this increases liquidity and volatility around news/earnings but doesn’t by itself determine direction. Benzinga analyst roundup
• Neutral Sentiment: SLB has an upcoming earnings date (Jan. 23) flagged by coverage as an important near-term catalyst; results will likely dictate the next directional move. Barchart: earnings calendar
• Negative Sentiment: A Zacks note highlighted that SLB declined more than the broader market in the recent session, reflecting short-term selling pressure and profit-taking after recent gains. Zacks: SLB declines

Institutional Investors Weigh In On SLB

A number of large investors have recently bought and sold shares of SLB. Twin Peaks Wealth Advisors LLC acquired a new position in SLB in the second quarter worth $25,000. Atticus Wealth Management LLC acquired a new stake in shares of SLB in the second quarter valued at $29,000. Root Financial Partners LLC bought a new position in shares of SLB in the third quarter valued at about $29,000. Corsicana & Co. acquired a new position in SLB during the 3rd quarter worth about $31,000. Finally, Strengthening Families & Communities LLC acquired a new position in SLB during the 3rd quarter worth about $31,000. 81.99% of the stock is currently owned by institutional investors.

SLB Trading Down 2.9%

The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The stock has a market cap of $63.32 billion, a P/E ratio of 16.37 and a beta of 0.72. The business’s fifty day simple moving average is $37.70 and its 200 day simple moving average is $35.69.

SLB (NYSE:SLB) last announced its earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. SLB had a net margin of 10.34% and a return on equity of 18.97%. The company had revenue of $8.93 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the prior year, the business earned $0.89 earnings per share. SLB’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, analysts expect that SLB Limited will post 3.38 EPS for the current year.

SLB Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a yield of 2.7%. SLB’s dividend payout ratio is currently 44.02%.

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.