DNB Asset Management AS Sells 718,641 Shares of SLB Limited $SLB
MarketBeat
Last updated: May 18, 2026
DNB Asset Management AS significantly reduced its stake in SLB Limited (NYSE:SLB) during the fourth quarter. This reduction represents a substantial divestment by the investment firm.
- DNB Asset Management AS decreased its holdings in SLB Limited by 69.6% in the fourth quarter.
- The firm's ownership of SLB Limited shares fell from 2,186,081 shares to 664,908 shares.
- This reduction in shares equates to a decrease of 1,521,173 shares.
- The value of DNB Asset Management AS's SLB Limited holdings decreased from $27,653,000 to $8,420,000 during the reporting period.
- This adjustment in investment strategy signifies a notable shift in DNB Asset Management AS's portfolio allocation concerning SLB Limited.
- The filing with the Securities and Exchange Commission (SEC) details these changes in institutional investor holdings.
- SLB Limited is a publicly traded company listed on the New York Stock Exchange under the ticker symbol SLB.
- The reduction was disclosed in the firm's latest Form 13F filing.
- This action reflects a strategic reallocation of assets by DNB Asset Management AS.
- The specific reasons for this substantial divestment are not detailed in the provided information.
- The reported change impacts the overall institutional ownership landscape for SLB Limited.
