Recent Analysts’ Ratings Updates for Schlumberger (SLB)

Several brokerages have updated their recommendations and price targets on shares of Schlumberger (NYSE: SLB) in the last few weeks:

• 1/21/2025 – Schlumberger had its price target raised by analysts at JPMorgan Chase & Co. from $48.00 to $50.00. They now have an “overweight” rating on the stock.
• 1/21/2025 – Schlumberger had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $57.00 price target on the stock.
• 1/21/2025 – Schlumberger had its price target raised by analysts at Citigroup Inc. from $50.00 to $54.00. They now have a “buy” rating on the stock.
• 1/21/2025 – Schlumberger had its price target raised by analysts at TD Cowen from $53.00 to $55.00. They now have a “buy” rating on the stock.
• 1/16/2025 – Schlumberger had its price target lowered by analysts at BMO Capital Markets from $53.00 to $48.00.
• 1/15/2025 – Schlumberger had its “in-line” rating reaffirmed by analysts at Evercore ISI. They now have a $44.00 price target on the stock, down previously from $62.00.
• 1/8/2025 – Schlumberger had its price target lowered by analysts at TD Cowen from $65.00 to $53.00. They now have a “buy” rating on the stock.
• 1/3/2025 – Schlumberger had its price target lowered by analysts at Jefferies Financial Group Inc. from $64.00 to $61.00. They now have a “buy” rating on the stock.
• 1/2/2025 – Schlumberger had its price target lowered by analysts at JPMorgan Chase & Co. from $55.00 to $48.00. They now have an “overweight” rating on the stock.
• 12/23/2024 – Schlumberger had its price target lowered by analysts at Stifel Nicolaus from $60.00 to $59.00. They now have a “buy” rating on the stock.
• 12/20/2024 – Schlumberger was downgraded by analysts at Griffin Securities from a “buy” rating to a “neutral” rating.
• 12/19/2024 – Schlumberger is now covered by analysts at Piper Sandler. They set a “neutral” rating and a $47.00 price target on the stock.
• 12/19/2024 – Schlumberger had its price target lowered by analysts at Citigroup Inc. from $53.00 to $50.00. They now have a “buy” rating on the stock.
• 12/18/2024 – Schlumberger had its price target lowered by analysts at Barclays PLC from $61.00 to $53.00. They now have an “overweight” rating on the stock.
• 12/18/2024 – Schlumberger was upgraded by analysts at Piper Sandler to a “hold” rating.
• 12/17/2024 – Schlumberger had its price target lowered by analysts at Wells Fargo & Company from $49.00 to $46.00. They now have an “equal weight” rating on the stock.
• 12/10/2024 – Schlumberger was downgraded by analysts at Atb Cap Markets from a “strong-buy” rating to a “hold” rating.
• 12/9/2024 – Schlumberger had its price target lowered by analysts at Citigroup Inc. from $54.00 to $53.00. They now have a “buy” rating on the stock.

Schlumberger Price Performance

Shares of NYSE SLB traded up $0.18 during trading on Thursday, reaching $41.12. The company had a trading volume of 2,772,774 shares, compared to its average volume of 14,969,898. The stock has a market capitalization of $58.06 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 9.98 and a beta of 1.52. The stock has a 50-day moving average price of $40.64 and a two-hundred day moving average price of $42.65. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB) last released its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts predict that Schlumberger Limited will post 3.34 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a $0.285 dividend. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger’s dividend payout ratio is currently 35.37%.

Insider Activity

In other news, VP Ugo Prechner sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the transaction, the vice president now owns 11,240 shares in the company, valued at $496,808. This trade represents a 38.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the completion of the sale, the executive vice president now owns 184,626 shares of the company’s stock, valued at $8,140,160.34. This trade represents a 40.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 258,258 shares of company stock worth $11,219,004. Company insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On Schlumberger

Several hedge funds have recently bought and sold shares of the company. State Street Corp lifted its stake in Schlumberger by 0.6% in the 3rd quarter. State Street Corp now owns 90,209,014 shares of the oil and gas company’s stock valued at $3,808,476,000 after purchasing an additional 528,279 shares during the last quarter. Geode Capital Management LLC lifted its position in Schlumberger by 0.8% during the third quarter. Geode Capital Management LLC now owns 28,608,226 shares of the oil and gas company’s stock worth $1,195,290,000 after acquiring an additional 239,966 shares during the last quarter. Pacer Advisors Inc. lifted its position in Schlumberger by 12,289.6% during the fourth quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company’s stock worth $500,082,000 after acquiring an additional 12,938,082 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Schlumberger by 20.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,213,944 shares of the oil and gas company’s stock worth $470,425,000 after acquiring an additional 1,916,851 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Schlumberger by 12.7% during the fourth quarter. Van ECK Associates Corp now owns 8,103,715 shares of the oil and gas company’s stock worth $310,696,000 after acquiring an additional 915,925 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.