Schlumberger Surges 1.35 as 246th Most Traded Amid Analyst Upgrades and Strategic Institutional Moves

Schlumberger (NYSE:SLB) rose 1.35% on August 21, 2025, with a trading volume of $350 million, ranking 246th in market activity. Recent analyst activity and institutional transactions have drawn attention to the stock. Citigroup upgraded its price target to $70, while multiple institutional investors adjusted their holdings, including Cordatus Wealth Management and Summit Financial, which added new positions. Piper Sandler and Susquehanna maintained positive ratings, citing expansion potential amid a broader industry upturn.

Revenue growth expectations also fueled optimism. Schlumberger announced a projected $5 billion revenue increase for 2024, aligning with its long-term strategy. Institutional ownership saw mixed activity, with some firms like Deuterium Capital raising stakes, while others, such as Contravisory Investment, reduced positions. The company’s third-quarter earnings report, released in late September, highlighted resilience despite sector-wide volatility.

Average analyst sentiment remained cautiously bullish, with a “Moderate Buy” consensus and an average target price of $49.28. Schlumberger’s 3.4% dividend yield, with a payment date set for October 9, further attracted income-focused investors. Insider transactions, including a significant sale by a director, underscored ongoing strategic realignments within the firm.

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