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
|2023-09-30||Vanguard Group Inc||9%||130,528,372||$6,745,053,523|
|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||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.