Why SLB (SLB) Stock Is Down Today

SLB Limited (SLB) is down 4.3% today. Here is some analysis on what might have caused this price movement.

Analysis: A single fresh catalyst is not obvious, so the move looks tied to profit-taking after a strong late-August rally and some investor caution around recent strategic moves. This could also reflect concern that SLB is leaning further into data center infrastructure through acquisitions while its core oilfield-services outlook still includes regional disruption and uneven year-over-year trends in parts of the business.

Details:

SLB disclosed on August 31 that it agreed to acquire Kelvion, adding thermal-management and heat-exchange assets to expand its data center infrastructure business.

The company said the deal should keep leverage within its through-cycle target and reaffirmed plans to return more than $4 billion to shareholders in 2026 through dividends and buybacks.

Second-quarter results showed revenue growth and a sequential margin improvement, but the company also posted year-over-year earnings pressure and a double-digit revenue decline in Middle East & Asia tied to persistent conflict-related disruptions.

A recent Form 4 showed the chief executive officer sold 35,000 shares on September 1 under a prearranged Rule 10b5-1 trading plan, which may have added to a cautious trading tone even though the sale was scheduled in advance.

Sources:

SLB Investor Relations, SEC, Zacks

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 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 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 7 sales selling 145,000 shares for an estimated $8,089,500.
STEVE MATTHEW GASSEN (EVP, Geographies) has made 0 purchases and 2 sales selling 53,379 shares for an estimated $2,998,766.
LA CHEVARDIERE PATRICK DE has made 0 purchases and 3 sales selling 6,000 shares for an estimated $316,760.

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 773 institutional investors add shares of $SLB stock to their portfolio, and 919 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 48,266,346 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,243,902,425
BLACKROCK, INC. removed 16,071,804 shares (-12.2%) from their portfolio in Q2 2026, for an estimated $747,178,167
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 9,977,804 shares (+6358.2%) to their portfolio in Q2 2026, for an estimated $463,868,107
HOLOCENE ADVISORS, LP removed 7,667,844 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $394,050,503
PRICE T ROWE ASSOCIATES INC /MD/ added 7,591,014 shares (+14.1%) to their portfolio in Q2 2026, for an estimated $352,906,240
JPMORGAN CHASE & CO added 7,397,890 shares (+inf%) to their portfolio in Q2 2026, for an estimated $343,927,906
ASSENAGON ASSET MANAGEMENT S.A. removed 5,755,851 shares (-98.0%) from their portfolio in Q1 2026, for an estimated $295,793,182

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 $2,907,715 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 PROSOURCE UPGRADE: $879,040

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 1 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

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 13 analysts offer price targets for $SLB in the last 6 months, with a median target of $63.0.

Here are some recent targets:

Bascome Majors from Susquehanna set a target price of $55.0 on 07/08/2026
Scott Gruber from Citigroup set a target price of $63.0 on 07/01/2026
Josh Silverstein from UBS set a target price of $66.0 on 07/01/2026
Marc Bianchi from TD Cowen set a target price of $62.0 on 07/01/2026
Stephen Gengaro from Stifel set a target price of $64.0 on 06/18/2026
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

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.