SLB slides as oil prices pull back on hopes for Strait of Hormuz reopening

SLB (SLB) is down 3.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied to a broad pullback in crude oil and energy-linked equities as markets priced in lower geopolitical supply risk and a possible path toward increased Middle East oil flows. With oilfield services names closely tied to customer spending expectations, SLB can sell off when crude falls sharply even without new company-specific news.

Details:

Crude prices fell sharply as traders reacted to signs that the U.S.-Iran situation could de-escalate, reducing the risk premium that had supported oil.

Market focus shifted toward the possibility of the Strait of Hormuz reopening, which would ease concerns about constrained tanker traffic and supply disruptions.

Energy stocks often move with the commodity; a rapid oil decline can pressure expectations for upstream budgets and near-term service demand, weighing on oilfield services shares.

In recent weeks, SLB also disclosed financing activity via an SEC filing related to senior notes issuance, which can be a secondary talking point for investors alongside macro moves.

Sources:

AP News, Axios, SLB Investor Relations (SEC filing)

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SLB Insider Trading Activity

$SLB insiders have traded $SLB stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.

Here’s a breakdown of recent trading of $SLB stock by insiders over the last 6 months:

PEUCH OLIVIER LE (Chief Executive Officer) has made 0 purchases and 4 sales selling 100,000 shares for an estimated $5,236,000.
STEPHANE BIGUET (EVP & CFO) sold 61,017 shares for an estimated $3,032,544
STEVE MATTHEW GASSEN (EVP, Geographies) has made 0 purchases and 2 sales selling 53,379 shares for an estimated $2,998,766.
ABDELLAH MERAD (EVP, Core Services & Equipment) sold 60,000 shares for an estimated $2,982,000
DIANNE B. RALSTON (Chief Legal Officer & Sec) sold 18,617 shares for an estimated $921,541
HOWARD GUILD (Chief Accounting Officer) sold 13,268 shares for an estimated $659,419
LA CHEVARDIERE PATRICK DE has made 0 purchases and 4 sales selling 10,000 shares for an estimated $517,920.
PETER JOHN COLEMAN sold 5,500 shares for an estimated $197,010

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$SLB Hedge Fund Activity

We have seen 881 institutional investors add shares of $SLB stock to their portfolio, and 786 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS added 24,364,796 shares (+104.2%) to their portfolio in Q1 2026, for an estimated $1,252,106,866
UBS GROUP AG added 10,674,011 shares (+47.4%) to their portfolio in Q1 2026, for an estimated $548,537,425
CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 10,231,277 shares (-18.9%) from their portfolio in Q1 2026, for an estimated $525,785,325
BANK OF NEW YORK MELLON CORP added 8,918,412 shares (+56.8%) to their portfolio in Q1 2026, for an estimated $458,317,192
PACER ADVISORS, INC. removed 8,712,517 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $334,386,402
CAPITAL RESEARCH GLOBAL INVESTORS removed 8,542,076 shares (-81.0%) from their portfolio in Q1 2026, for an estimated $438,977,285
FRANKLIN RESOURCES INC removed 7,691,905 shares (-36.7%) from their portfolio in Q1 2026, for an estimated $395,286,997

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SLB Government Contracts

We have seen $2,863,469 of award payments to $SLB over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

GIT MAINTENANCE FY26 SLB: $1,975,602
GIT PROSOURCE UPGRADE: $799,040
BOEM STUDIO MANAGER PLUGIN GIT: $68,424
PULSED NEUTRON GENERATORS FOR THE NASA DRAGONFLY AND DRAGONFLY TITAN LANDER AND THE DEVELOPMENT AND ADVANCE...: $20,402

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$SLB Analyst Ratings

Wall Street analysts have issued reports on $SLB in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

UBS issued a "Buy" rating on 04/29/2026
Stifel issued a "Buy" rating on 01/21/2026
Evercore ISI Group issued a "Outperform" rating on 01/06/2026
Bernstein issued a "Outperform" rating on 12/11/2025

To track analyst ratings and price targets for $SLB, check out Quiver Quantitative's $SLB forecast page.

$SLB Price Targets

Multiple analysts have issued price targets for $SLB recently. We have seen 17 analysts offer price targets for $SLB in the last 6 months, with a median target of $61.0.

Here are some recent targets:

Guillaume Delaby from Bernstein set a target price of $71.0 on 05/11/2026
David Anderson from Barclays set a target price of $66.0 on 05/08/2026
Scott Gruber from Citigroup set a target price of $68.0 on 04/30/2026
Josh Silverstein from UBS set a target price of $69.0 on 04/29/2026
Arun Jayaram from JP Morgan set a target price of $61.0 on 04/27/2026
Bascome Majors from Susquehanna set a target price of $65.0 on 04/27/2026
Phillip Jungwirth from BMO Capital set a target price of $63.0 on 04/27/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.