Schlumberger stock is trading -19.17% below its average target price of $63.93 after dropping -3.7% 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 $56.07 to $74.46 per share.
The stock has a very low short interest at 1.4%, and a short ratio of 2.51. 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 |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 130,528,372 | $6,745,053,523 |
| 2023-09-30 | Blackrock Inc. | 7% | 105,720,852 | $5,463,124,946 |
| 2023-09-30 | State Street Corporation | 6% | 79,314,536 | $4,098,578,587 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 5% | 66,761,877 | $3,449,919,943 |
| 2023-09-30 | Capital World Investors | 4% | 50,483,785 | $2,608,749,551 |
| 2023-09-30 | GQG Partners LLC | 3% | 35,978,766 | $1,859,202,705 |
| 2023-09-30 | Wellington Management Group, LLP | 2% | 31,641,353 | $1,635,066,892 |
| 2023-09-30 | FMR, LLC | 2% | 27,171,516 | $1,404,088,068 |
| 2023-09-30 | First Eagle Investment Management, LLC | 2% | 26,897,010 | $1,389,902,971 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 26,387,370 | $1,363,567,324 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Schlumberger.
