Schlumberger's 0.94% Gains on $300M Volume: 310th in Market Activity

Schlumberger (SLB) rose 0.94% on August 18, with a trading volume of $0.30 billion, ranking 310th in market activity. The stock’s performance followed a mixed institutional investor activity and earnings results. Quarterly revenue of $8.55 billion exceeded expectations of $8.51 billion, with earnings per share at $0.74, though year-over-year revenue declined 6.5%. The company announced a $0.285 per share quarterly dividend, yielding 3.5% and maintaining a 39.04% payout ratio.

Institutional holdings saw significant shifts. Aberdeen Group reduced its stake by 43.8% in Q1, holding 0.12% of shares valued at $66.11 million. Conversely, several firms increased positions: Vident Advisory LLC, Glen Eagle Advisors, and others raised stakes by 1.0% to 3.7% in Q4 and Q1. Institutional ownership remains at 81.99%. Insider activity included a 17.53% reduction in shares by Director La Chevardiere Patrick De, valued at $167,900.

Analyst sentiment was split. Atb Cap Markets upgraded SLB to "strong-buy," while Morgan Stanley and JPMorgan lowered price targets to $45 and $44, respectively. The stock carries a "Moderate Buy" rating and an average target price of $49.28. Schlumberger’s balance sheet shows a debt-to-equity ratio of 0.51 and a market cap of $44.55 billion, with a P/E ratio of 11.29.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to 2025 yielded a compound annual growth rate of 6.98%, with a maximum drawdown of 15.46%. The approach showed steady growth but faced a significant downturn in mid-2023, underscoring the risks of high-volume trading strategies.