Carrhae Capital 13F: Exits SLB Stake

Carrhae Capital completely exited its position in SLB N.V. NYSE: SLB, parting with all 834,322 shares it held according to a Form 13F filing on October 20, 2026. The filing covers portfolio shifts made during the third quarter.

SLB SLB N.V.

$49.76 ▲ +25.82% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in Carrhae Capital's SLB N.V. Position

Carrhae Capital closed out its stake by shedding 834,322 shares. The fund held no remaining shares in the oil field services provider at the end of the period, bringing its prior stake down to zero.

Other Institutional Activity in SLB N.V.

Other large funds made notable adjustments to their SLB positions around the same time. Vontobel Holding grew its holdings by 1,040,704 shares, ending with 1,212,802 shares worth about $59.1 million. PensionDanmark Pensionsforsikringsaktieselskab reduced its stake by 63,214 shares, finishing with 200,503 shares valued at about $9.8 million.

SLB N.V. Stock Up 1.0%

SLB N.V. shares recently traded near $49.99, about equal to the closing price of $49.98 on the filing date of October 20, 2026. The stock sits about 17.3% below its 52-week high of $60.46 and roughly 50.9% above its 52-week low of $33.12. It trades below both its 50-day moving average of $52.63 and its 200-day moving average of $51.09.

Recent Earnings

SLB generated $36.4 billion in trailing-twelve-month revenue with earnings of $2.07 per share. The company reported a net profit margin of 8.5% and a return on equity of 12.9%. The next earnings report is scheduled for October 23, 2026.

Dividend

SLB pays an annual dividend rate of $1.18 per share, which translates to a dividend yield of 2.4% with a payout ratio of 56.0%.

Insider Buying and Selling at SLB N.V.

Chief Executive Officer Olivier Le Peuch executed several sales during late summer. On August 26, 2026, he sold 25,000 shares at $52.55 for $1,313,750. He followed up on August 27 by selling 5,000 shares at $55.00 for $275,000, and another 5,000 shares at $60.00 on August 31 for $300,000. On September 1, 2026, he sold 35,000 shares at $60.00 for $2,100,000.

Analysts Set New Price Targets

Wall Street analysts continue to hold a positive view on the stock. On September 9, 2026, UBS maintained a buy rating while lifting its target to $72.00 from $66.00, and later raised it to $75.00 on September 14. Barclays maintained an overweight rating on October 15, adjusting its target to $66.00 from $67.00. Citigroup maintained a buy target of $62.00 on October 19, and Piper Sandler kept an overweight rating with a target of $63.00 on the same day. Overall, the stock carries a consensus buy recommendation from 29 analysts with a mean price target of $62.38.

About SLB N.V.

Headquartered in Houston, Texas, SLB N.V. provides technology for the global energy industry. The company operates through four main divisions that cover digital integration, reservoir performance, well construction, and production systems, helping energy producers explore and extract hydrocarbons efficiently.

Bottom Line

Investors will look closely at the company's upcoming earnings report on October 23, 2026, for further updates on operational performance and market demand across its divisions.