Schlumberger stock is trading -13.79% below its average target price of $66.56 after dropping -1.6% during today's afternoon session. Analysts are giving the large-cap Oil & Gas Equipment & Services company an average rating of buy and target prices ranging from $49.0 to $77.0 per share.
Schlumberger's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.5%. The stock's short ratio is 2.69. The company's insiders own 0.2% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 83.4%. In conclusion, we believe there is mixed market sentiment regarding Schlumberger.
Institutions Invested in Schlumberger
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 129,115,551 | $7,408,650,454 |
| 2023-06-30 | Blackrock Inc. | 8% | 106,818,561 | $6,129,249,144 |
| 2023-06-30 | State Street Corporation | 6% | 83,794,992 | $4,808,156,730 |
| 2023-06-30 | Capital World Investors | 3% | 43,080,354 | $2,471,950,758 |
| 2023-06-30 | Wellington Management Group, LLP | 2% | 34,276,831 | $1,966,804,599 |
| 2023-06-30 | GQG Partners LLC | 2% | 33,593,558 | $1,927,598,393 |
| 2023-06-30 | First Eagle Investment Management, LLC | 2% | 27,291,718 | $1,565,998,807 |
| 2023-06-30 | FMR, LLC | 2% | 26,888,807 | $1,542,879,774 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 25,983,683 | $1,490,943,758 |
| 2023-06-30 | Price (T.Rowe) Associates Inc | 2% | 23,937,391 | $1,373,527,521 |
