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SLB falls 4.3% as investors appear to weigh sector pressure and a cautious setup into earnings

Investivoq PriceTracker

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

Analysis: There does not appear to be a single clear company-specific negative catalyst behind today’s selloff. This could be because investors are pressuring oilfield-services names as a group ahead of third-quarter results, while also reacting to a recent analyst target cut and lingering concerns about margins after SLB’s year-over-year profitability softened in the second quarter.

Details:

  • SLB was recently trading near $47.82, down 4.36% intraday, a steeper move than the broader market.
  • Peer oilfield-services stocks were weak as well, with Halliburton down about 3.7% and Baker Hughes down about 3.6%, pointing to sector-wide selling rather than an isolated company event.
  • An October 6 SEC filing disclosed only a board appointment, with Jing Ulrich added to SLB’s board and committees, which does not look like an obvious reason for a sharp selloff.
  • SLB’s latest quarterly release showed second-quarter 2026 revenue of $8.97 billion, but adjusted EBITDA margin fell to 21.2% from 24.0% a year earlier, and the company’s next major catalyst is its October 23 third-quarter earnings report. A recent analyst note also trimmed a price target ahead of that event.

    • Sources:

    SLB, SEC, OpenAI Finance, Ad Hoc News

    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 Insider Trades

    $SLB insiders have traded $SLB stock on the open market 9 times in the past 6 months. Of those trades, 0 have been purchases and 9 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 6 sales selling 120,000 shares for an estimated $6,825,500.
    • 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 sold 2,000 shares for an estimated $108,660

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

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    $SLB Hedge Fund Activity

    We have seen 746 institutional investors add shares of $SLB stock to their portfolio, and 794 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
    • 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
    • FMR LLC added 5,517,133 shares (+25.0%) to their portfolio in Q2 2026, for an estimated $256,491,513
    • MARSHALL WACE, LLP removed 5,428,683 shares (-91.6%) from their portfolio in Q2 2026, for an estimated $252,379,472

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

    $SLB Government Contracts

    We have seen $2,601,917 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: $80,000

    To track government contracts to publicy traded companies, check out Investivoq's government contracts dashboard. You can access data on government contracts through the Investivoq 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 Investivoq'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
    • Marc Bianchi from TD Cowen set a target price of $62.0 on 07/01/2026
    • 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
    • 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 Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.