Greenhaven Associates 13F: Cuts SLB Stake by $2.5M

Greenhaven Associates trimmed its stake in SLB N.V. by 52,100 shares, bringing its total holdings down to 3,750,244 shares. This reduction, reported in its latest Form 13F filing with the SEC on October 26, 2026, represents a decrease of approximately 1.37%. The value of its remaining shares is about $182.7 million, which accounts for 6.48% of the fund's total reported value of roughly $2.82 billion.

SLB SLB N.V.

$53.08 ▲ +34.21% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where SLB Fits in Greenhaven Associates' Portfolio

SLB is the fourth largest position in Greenhaven's portfolio, with this stake reduction not significantly impacting its overall investment strategy.

Other Institutional Activity in SLB

In recent moves, Vontobel Holding increased its stake in SLB by 1,040,704 shares, bringing its total to 1,212,802 shares valued at about $59.1 million. Meanwhile, PensionDanmark Pensionsforsikringsaktieselskab reduced its holdings by 63,214 shares, resulting in a current position of 200,503 shares worth approximately $9.8 million. Carrhae Capital closed its position entirely, selling off 834,322 shares.

SLB N.V. Stock Up 0.1%

As of October 27, 2026, SLB shares traded around $53.09, which is about equal to the closing price of $53.08 on October 26, 2026. The stock is currently above its 50-day moving average by 1.2% and its 200-day moving average by 3.5%. However, it remains about 12.2% below its 52-week high of $60.46.

Recent Earnings

SLB reported trailing twelve-month revenue of approximately $36.9 billion and earnings per share of $2.07. The company has shown a year-over-year revenue growth of 5.8%. The next earnings report is scheduled for January 22, 2027.

Dividend

SLB pays an annual dividend of $1.18 per share, resulting in a yield of about 2.22%. The dividend payout ratio stands at 56%.

Analysts Set New Price Targets

On October 26, 2026, several firms adjusted their ratings and targets for SLB. Freedom Broker upgraded its rating to Hold with a target of $48, while Citigroup maintained its Buy rating with a target of $62. Barclays and Piper Sandler also maintained their ratings, targeting $63 and $65, respectively.

About SLB

SLB N.V. provides technology and services for the energy industry globally. The company operates in various segments, including digital solutions, reservoir performance, well construction, and production systems. With its recent adjustments in analyst ratings, the market is closely watching SLB's performance and strategic direction.

Bottom Line

Greenhaven Associates' recent trim in SLB shares reflects ongoing portfolio adjustments. Investors will be keen to monitor further filings and the upcoming earnings report in January 2027 to gauge how SLB continues to perform in the energy sector.