After this morning's 1.4% surge to $61.45 per share, Schlumberger might just keep moving past its target price of $61.76. With an average analyst rating of buy, and target prices from $45.57 to $71.61, the stock's next move is anyone's guess.
The stock has a very low short interest at 1.4%, and a short ratio of 2.24. The company's insiders own 0.2% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 83.4% of Schlumberger's shares being owned by this investor type.
Institutions Invested in Schlumberger
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 129,115,551 | $7,934,150,707 |
| 2023-06-30 | Blackrock Inc. | 8% | 106,818,561 | $6,564,000,654 |
| 2023-06-30 | State Street Corporation | 6% | 83,794,992 | $5,149,202,322 |
| 2023-06-30 | Capital World Investors | 3% | 43,080,354 | $2,647,287,786 |
| 2023-06-30 | Wellington Management Group, LLP | 2% | 34,276,831 | $2,106,311,291 |
| 2023-06-30 | GQG Partners LLC | 2% | 33,593,558 | $2,064,324,164 |
| 2023-06-30 | First Eagle Investment Management, LLC | 2% | 27,291,718 | $1,677,076,091 |
| 2023-06-30 | FMR, LLC | 2% | 26,888,807 | $1,652,317,210 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 25,983,683 | $1,596,697,340 |
| 2023-06-30 | Price (T.Rowe) Associates Inc | 2% | 23,937,391 | $1,470,952,695 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Schlumberger.
