SLB slips as oil price weakness and an investor-day reset weigh on shares

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

Analysis: The most likely driver is renewed pressure on the oil-services group after crude prices fell sharply on expectations that more Iranian supply could return to the market, which can weaken sentiment around customer spending and service demand. Another factor may be that SLB’s June 17 digital investor day focused on longer-term strategy and 2030 ambitions rather than an obvious near-term earnings catalyst, which could have prompted a sell-the-news reaction.

Details:

SLB held its Digital Investor Day on June 17 in New York, where management outlined its digital strategy, financial profile, market opportunity and long-range ambitions for the business.

In materials tied to the event, SLB disclosed that digital annual recurring revenue was $1.00 billion at the end of 2025, up 15% from $876 million a year earlier, showing growth but also emphasizing a longer-duration story.

SLB’s first-quarter 2026 results showed revenue of $8.72 billion, while revenue excluding the ChampionX acquisition fell 7% year over year and adjusted EBITDA margin narrowed, leaving investors sensitive to any softer industry backdrop.

Oil prices have recently dropped below $80 a barrel as markets reacted to signs of easing supply disruption risk in the Middle East, a move that can pressure valuations across oilfield-service names.

Sources:

SLB, AP News, Reuters

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 5 sales selling 125,000 shares for an estimated $6,660,750.
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.

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.

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$SLB Hedge Fund Activity

We have seen 885 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 3 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

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:

Keith Mackey from RBC Capital set a target price of $61.0 on 06/16/2026
James West from Evercore ISI Group set a target price of $63.0 on 06/10/2026
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
Marc Bianchi from TD Cowen set a target price of $66.0 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.