This morning we watched Schlumberger drop -2.6% to a price of $43.77 per share. The Large-Cap Oil & Gas Equipment & Services company is now trading -33.01% below its average target price of $65.34. Analysts have set target prices ranging from $53.0 to $74.0 per share for Schlumberger, and have given the stock an average rating of buy.
Schlumberger's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.3%. The stock's short ratio is 2.9. The company's insiders own 0.19% 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 83.9%. In conclusion, we believe there is mixed market sentiment regarding Schlumberger.
Institutions Invested in Schlumberger
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 9% | 134,150,168 | $5,871,752,914 |
| 2024-03-31 | Blackrock Inc. | 8% | 111,904,686 | $4,898,068,157 |
| 2024-03-31 | Capital World Investors | 6% | 88,950,956 | $3,893,383,384 |
| 2024-03-31 | State Street Corporation | 6% | 86,348,634 | $3,779,479,749 |
| 2024-03-31 | Price (T.Rowe) Associates Inc | 6% | 85,986,039 | $3,763,608,966 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 27,850,150 | $1,219,001,078 |
| 2024-03-31 | First Eagle Investment Management, LLC | 2% | 26,907,983 | $1,177,762,428 |
| 2024-03-31 | Bank of America Corporation | 2% | 22,528,761 | $986,083,879 |
| 2024-03-31 | Deutsche Bank Aktiengesellschaft | 2% | 22,094,423 | $967,072,904 |
| 2024-03-31 | FMR, LLC | 1% | 20,288,409 | $888,023,671 |
