Evercore ISI Reiterates Buy Rating on SLB
Evercore ISI Group maintains a buy rating on SLB with a $63 price target.
Key Points
- Evercore ISI Group reiterated its buy rating on SLB, setting a price target of $63 on June 10, 2026.
- SLB shares are trading around $56.11, with several major funds adjusting their positions recently.
- Insiders at SLB have been active, with transactions from key executives like CEO Olivier Le Peuch.
Evercore ISI Group has reiterated its buy rating on SLB, setting a price target of $63. This update came on June 10, 2026, with SLB's shares trading near $56.11.
Analysts Set New Price Targets
On June 10, 2026, Evercore ISI Group maintained its buy rating on SLB, with a price target of $63. Other analysts have also shown optimism. Bernstein, Barclays, and Citigroup all maintained their buy ratings with targets of $71, $66, and $68, respectively, between late April and early May.
Other Institutional Activity in SLB
Several institutional investors have recently adjusted their holdings in SLB. BlackRock, Inc. increased its position by 4,453,295 shares, bringing its total to 132,223,012 shares valued at approximately $6.79 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both hold significant positions, with the former holding 97,191,687 shares worth about $4.99 billion. State Street Corp added 6,083,364 shares, totaling 90,500,581 shares valued at $4.68 billion. Meanwhile, Capital World Investors significantly boosted its holdings by 24,364,796 shares, now holding 47,738,940 shares valued at $2.45 billion.
Insider Buying and Selling at SLB N.V.
Insider transactions have been active at SLB. On May 27, 2026, CEO Olivier Le Peuch sold 25,000 shares at an average price of $56.99 in a planned transaction. Earlier, on May 7, Patrick de La Chevardière sold 2,000 shares at $54.33. On May 1, several insiders, including Vanitha Narayanan and Patrick de La Chevardière, made purchases, while Steve Matthew Gassen sold 53,379 shares at an average price of $56.18.
About SLB
SLB, formerly known as Schlumberger, is a leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. The company operates in more than 120 countries and employs a workforce of over 86,000 people. Headquartered in Houston, Texas, SLB focuses on delivering innovative solutions to help its clients optimize production and reduce costs in the energy sector.
Bottom Line
Evercore ISI Group's reaffirmation of a buy rating on SLB, with a $63 price target, reflects continued confidence in the company's potential. Investors often track these ratings closely as they provide insights into the perceived value and future performance of the stock. It's important to note that these analyst ratings are based on past data and projections, and actual results may vary.
See Also
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