Slb CEO Le Peuch sells $2.1m in company stock

Olivier Le Peuch, Chief Executive Officer and Director at SLB LIMITED/NV (NYSE: SLB), sold 35,000 shares of the company's common stock on September 1, 2026. The shares were sold at $60.00 per share, amounting to a total value of $2,100,000. The trade took place just below the stock's 52-week high of $60.46, with current trading price at $57.15.

InvestingPro analysis suggests the stock may be overvalued and in overbought territory according to RSI indicators. Following the sale, Le Peuch's beneficial ownership of SLB common stock stands at 1,296,328 shares. The transaction was carried out in accordance with a Rule 10b5-1 trading plan adopted by Le Peuch on May 27, 2026.

Investors can delve into SLB’s valuation and additional insights through the Pro Research Report, priced at $89.2 billion for this energy services company. Meanwhile, SLB recently announced the acquisition of Kelvion, a German private company, for $3.4 billion cash or $4.1 billion enterprise value. The acquisition aims to strengthen SLB's data center business.

Following the acquisition, financial analysts have given positive feedback: UBS reiterated a Buy rating with a $66.00 price target, Bernstein SocGen Group maintained an Outperform rating with a $71.00 target, and BMO Capital raised its price target to $63.00, citing earnings per share and free cash flow improvements. These moves highlight SLB's strategic efforts to enhance its data center ambitions and financial performance.