PensionDanmark Pensionsforsikringsaktieselskab 13F: Cuts SLB Stake by $3.1M

PensionDanmark reduced its position in SLB N.V. (NYSE: SLB) by 63,214 shares during the quarter, according to a Form 13F filed with the SEC on October 19, 2026.

SLB SLB N.V.

$49.22 ▲ +24.45% year to date

1M 3M YTD

Daily close · Oct 19, 2026

What Changed in PensionDanmark's SLB Position

The fund trimmed its holdings by 24.0% to finish the period with 200,503 shares. The remaining stake carried a reported value of $9,768,506 at the close of the filing period, down from its prior total of 263,717 shares.

Other Institutional Activity in SLB

Vontobel Holding grew its holdings by 1,040,704 shares, ending with 1,212,802 shares worth about $59,087,713.

SLB N.V. Stock Down 0.8%

SLB N.V. recently traded around $49.09 as of October 20, 2026, down about 0.3% from its closing price of $49.22 on the filing date. The stock sits 6.8% below its 50-day moving average of $52.70 and 3.7% below its 200-day moving average of $50.98. Shares have spent the past year between a low of $31.64 and a high of $60.46, placing the recent price 18.8% under that peak and 55.2% above the bottom. The share price also sits 21.3% below the average analyst price target of $62.41.

Recent Earnings

SLB N.V. generated $36,366,000,128 in trailing-twelve-month revenue with a trailing-twelve-month EPS of $2.07. The business recorded a net profit margin of 8.5% and a return on equity of 12.9%. The next quarterly earnings report is scheduled for October 23, 2026.

Dividend

The company distributes an annual dividend yield of 2.44% backed by a payout ratio of 56.0% of earnings.

Insider Buying and Selling at SLB N.V.

Chief Executive Officer Olivier Le Peuch completed several sales prior to the filing, including a sale of 25,000 shares on August 26, 2026, at an average price of $52.55 for a total value of $1,313,750. He also sold 5,000 shares on August 27 at $55.00 worth $275,000, 5,000 shares on August 31 at $60.00 worth $300,000, and 35,000 shares on September 1 at $60.00 worth $2,100,000.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On September 9, 2026, UBS maintained a Buy rating and raised its target to $72.00 from $66.00, followed by another target lift to $75.00 on September 14. Barclays maintained an Overweight rating with a $66.00 target on October 15. On October 19, Citigroup maintained a Buy rating with a $62.00 target, while Piper Sandler maintained an Overweight rating with a $63.00 target. Analysts hold a consensus buy rating with a mean target price of $62.41 across 29 opinions.

About SLB

SLB N.V. operates as a global technology provider for the energy industry, offering equipment and services across digital integration, reservoir performance, well construction, and production systems. The firm helps energy operators explore fields, manage carbon output, and optimize hydrocarbon extraction worldwide.

Bottom Line

Investors will look to the upcoming earnings release on October 23, 2026, for fresh updates on company performance and margin trends.