Deutsche Bank AG Sells 435,466 Shares of SLB Limited $SLB

Posted by Brenda Bartman on Jun 10th, 2026

Deutsche Bank AG trimmed its position in SLB Limited (NYSE:SLB – Free Report) by 1.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 26,373,025 shares of the oil and gas company’s stock after selling 435,466 shares during the period. Deutsche Bank AG’s holdings in SLB were worth $1,012,197,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in SLB by 4.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,141,868 shares of the oil and gas company’s stock valued at $126,303,000 after buying an additional 128,660 shares during the last quarter. Alberta Investment Management Corp bought a new position in SLB in the 3rd quarter valued at $3,334,000. Cibc World Market Inc. boosted its position in SLB by 48.7% in the 4th quarter. Cibc World Market Inc. now owns 1,367,063 shares of the oil and gas company’s stock valued at $52,468,000 after buying an additional 447,667 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in SLB by 65.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 205,796 shares of the oil and gas company’s stock valued at $7,898,000 after buying an additional 81,045 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in SLB by 2.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,719,469 shares of the oil and gas company’s stock valued at $65,993,000 after buying an additional 42,212 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SLB

In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of SLB stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $56.18, for a total value of $2,998,832.22. Following the sale, the executive vice president owned 47,421 shares of the company’s stock, valued at $2,664,111.78. This trade represents a 52.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director La Chevardiere Patrick De sold 2,000 shares of SLB stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $54.33, for a total value of $108,660.00. Following the completion of the sale, the director directly owned 16,953 shares in the company, valued at $921,056.49. This represents a 10.55% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup increased their price objective on SLB from $59.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Jefferies Financial Group reissued a “buy” rating and issued a $65.00 price target on shares of SLB in a research note on Sunday, April 26th. Barclays increased their price target on SLB from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Piper Sandler increased their price target on SLB from $53.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Finally, The Goldman Sachs Group increased their price target on SLB from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $60.67.

Read Our Latest Stock Analysis on SLB

SLB Stock Performance

Shares of SLB stock opened at $55.80 on Wednesday. The company has a market capitalization of $83.42 billion, a PE ratio of 24.36, a PEG ratio of 2.29 and a beta of 0.70. SLB Limited has a 12 month low of $31.64 and a 12 month high of $58.82. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $54.35 and its 200 day simple moving average is $48.17.

SLB (NYSE:SLB – Get Free Report) last issued its quarterly earnings data on Saturday, April 25th. The oil and gas company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The business had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.76 billion. SLB had a return on equity of 15.54% and a net margin of 9.26%.The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. On average, research analysts predict that SLB Limited will post 2.62 EPS for the current year.

SLB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, June 3rd. SLB’s dividend payout ratio (DPR) is presently 51.53%.

About SLB

(Free Report)

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.