Schlumberger stock is trading -17.15% below its average target price of $64.37 after dropping -5.6% during today's evening session. Analysts are giving the large-cap Oil & Gas Equipment & Services company an average rating of buy and target prices ranging from $46.21 to $76.39 per share.
The stock has a very low short interest at 1.5%, and a short ratio of 2.68. 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 | $6,885,732,571 |
2023-06-30 | Blackrock Inc. | 8% | 106,818,561 | $5,696,634,053 |
2023-06-30 | State Street Corporation | 6% | 83,794,992 | $4,468,787,076 |
2023-06-30 | Capital World Investors | 3% | 43,080,354 | $2,297,475,357 |
2023-06-30 | Wellington Management Group, LLP | 2% | 34,276,831 | $1,827,983,459 |
2023-06-30 | GQG Partners LLC | 2% | 33,593,558 | $1,791,544,509 |
2023-06-30 | First Eagle Investment Management, LLC | 2% | 27,291,718 | $1,455,467,370 |
2023-06-30 | FMR, LLC | 2% | 26,888,807 | $1,433,980,126 |
2023-06-30 | Geode Capital Management, LLC | 2% | 25,983,683 | $1,385,709,861 |
2023-06-30 | Price (T.Rowe) Associates Inc | 2% | 23,937,391 | $1,276,581,105 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Schlumberger.