Rokos Capital Management 13F: New $39M Stake in SLB

Rokos Capital Management Initiates Position in SLB

Rokos Capital Management established a brand-new stake in oilfield services provider SLB N.V. NYSE: SLB during the quarter ended May 15, 2026. According to its latest Form 13F filing with the SEC, the fund picked up 688,602 shares. The reported value of this new purchase sits at approximately $38.6 million.

Inside the New SLB Stake

The fund started from zero shares before jumping into this energy tech investment. With an estimated cost basis of $48.29 per share, the fresh holding reflects a sizable commitment as the fund looks for returns in the oil and gas sector. Because 13F filings look backward at portfolio snapshots from the end of the reporting period, this position may not reflect what the fund holds today.

SLB Stock Price Trends

The company's shares trade around $56.11 on the New York Stock Exchange. That price puts the stock comfortably above its 50-day moving average of $52.70 and its 200-day moving average of $50.98. Over the past year, shares have moved inside a 52-week range spanning from a low of $31.64 to a high of $60.46.

Recent Earnings and Financial Health

The energy services firm reported annual revenue of $36.37 billion, marking a revenue growth rate of 5.0%. The company posted earnings of $2.07 per share alongside a net margin of 8.5% and a return on equity of 12.9%. Investors will look toward the upcoming earnings release on October 23, 2026, for fresh financial updates.

Dividend Payments and Yield

SLB rewards shareholders with an annual dividend rate of $1.40 per share, translating to a dividend yield of 2.44%. The company's dividend payout ratio sits at 56.04%, meaning it returns just over half of its earnings to investors while keeping the rest to fund operations and technology development.

Wall Street Analyst Coverage

Wall Street firms continue to maintain an upbeat view on the company, resulting in a consensus buy recommendation and a mean price target of $62.41 from 29 analyst opinions. On October 15, 2026, Barclays maintained its overweight rating while adjusting its price target to $66.00 from $67.00. Earlier, on September 14, 2026, UBS kept a buy rating and raised its target to $75.00 from an earlier $72.00 level. Piper Sandler also reiterated an overweight rating with a $64.00 target on July 27, 2026.

What SLB N.V. Does

SLB N.V. provides digital solutions, reservoir evaluation, well construction, and production systems for the global energy industry. The company helps oil and gas operators find, drill, and produce hydrocarbons more efficiently while also working on carbon management and alternative energy systems. Founded in 1926 and based in Houston, Texas, the firm employs 109,000 workers worldwide.

Looking Ahead for SLB

As Rokos Capital Management settles into its new holding, market participants will watch how energy markets shift through the rest of the year. Investors should keep an eye out for the next earnings report on October 23, 2026, along with subsequent SEC filings to see whether major funds expand or trim their positions.