Griffin Securities Weighs in on SLB's Q1 Earnings (NYSE:SLB)

Key Points

• Griffin Securities raised their Q1 2026 EPS estimate for SLB to $0.65, reflecting increased confidence in the oil and gas company’s performance.
• SLB declared a quarterly dividend of $0.285 per share, yielding 3.4%, set to be paid on January 8th, with an ex-dividend date of December 3rd.
• Despite a recent earnings report showing a slight revenue decline, SLB reported an EPS of $0.69, beating the consensus estimate of $0.67.

SLB Limited (NYSE:SLB - Free Report) - Stock analysts at Griffin Securities lifted their Q1 2026 EPS estimates for shares of SLB in a report issued on Sunday, October 19th. Griffin Securities analyst K. Simpson now expects that the oil and gas company will post earnings of $0.65 per share for the quarter, up from their prior estimate of $0.64. The consensus estimate for SLB's current full-year earnings is $3.38 per share. Griffin Securities also issued estimates for SLB's Q3 2026 earnings at $0.77 EPS, Q4 2026 earnings at $0.84 EPS and FY2026 earnings at $3.00 EPS.

SLB has been the subject of a number of other research reports. JPMorgan Chase & Co. dropped their price objective on SLB from $44.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday. Weiss Ratings reissued a "hold (c-)" rating on shares of SLB in a research report on Wednesday, October 8th. Barclays reissued an "overweight" rating on shares of SLB in a report on Tuesday. Melius Research began coverage on shares of SLB in a report on Wednesday, August 20th. They set a "buy" rating and a $82.00 target price for the company. Finally, Jefferies Financial Group reduced their price target on SLB from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, SLB presently has a consensus rating of "Moderate Buy" and an average target price of $52.00.

SLB Trading Up 2.4%

Shares of SLB stock opened at $33.43 on Tuesday. The business has a 50-day moving average of $34.51 and a 200 day moving average of $34.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.01. SLB has a 1-year low of $31.11 and a 1-year high of $44.97. The stock has a market capitalization of $49.92 billion, a PE ratio of 12.91, a P/E/G ratio of 9.13 and a beta of 0.97.

SLB (NYSE:SLB - Get Free Report) last issued its earnings results on Friday, October 17th. The oil and gas company reported $0.69 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 analysts' expectations of $8.99 billion. During the same quarter last year, the company earned $0.89 EPS. The firm's revenue was down 2.5% compared to the same quarter last year.

SLB Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 3rd will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. SLB's dividend payout ratio is presently 44.02%.

Insider Transactions at SLB

In other SLB news, insider Dianne B. Ralston sold 39,727 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the completion of the transaction, the insider owned 202,201 shares of the company's stock, valued at approximately $7,295,412.08. This trade represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.22% of the company's stock.

Hedge Funds Weigh In On SLB

A number of institutional investors and hedge funds have recently made changes to their positions in SLB. Charles Schwab Investment Management Inc. grew its stake in shares of SLB by 478.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 47,719,476 shares of the oil and gas company's stock worth $1,994,674,000 after buying an additional 39,474,501 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of SLB by 14.2% during the second quarter. Vanguard Group Inc. now owns 150,317,566 shares of the oil and gas company's stock valued at $5,080,734,000 after acquiring an additional 18,672,021 shares in the last quarter. Norges Bank purchased a new position in shares of SLB in the 2nd quarter worth about $618,697,000. Franklin Resources Inc. boosted its stake in SLB by 30.4% in the 2nd quarter. Franklin Resources Inc. now owns 20,233,749 shares of the oil and gas company's stock worth $683,901,000 after purchasing an additional 4,719,852 shares in the last quarter. Finally, Boston Partners increased its stake in SLB by 27.7% during the 1st quarter. Boston Partners now owns 19,829,381 shares of the oil and gas company's stock valued at $824,160,000 after purchasing an additional 4,300,222 shares in the last quarter. Institutional investors own 81.99% of the company's stock.

SLB Company Profile

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.

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