Schlumberger stock is trading -32.34% below its average target price of $61.96 after dropping -4.7% during today's morning 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 $74.0 per share.
Schlumberger's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.7%. The stock's short ratio is 2.61. 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 85.1%. In conclusion, we believe there is mixed market sentiment regarding Schlumberger.
Institutions Invested in Schlumberger
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 10% | 136,275,271 | $5,712,659,110 |
| 2024-06-30 | Blackrock Inc. | 8% | 119,844,753 | $5,023,891,826 |
| 2024-06-30 | Capital World Investors | 7% | 103,944,501 | $4,357,353,291 |
| 2024-06-30 | State Street Corporation | 6% | 89,680,735 | $3,759,416,246 |
| 2024-06-30 | Price (T.Rowe) Associates Inc | 5% | 66,589,168 | $2,791,417,800 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 28,368,260 | $1,189,197,407 |
| 2024-06-30 | First Eagle Investment Management, LLC | 2% | 26,861,479 | $1,126,033,150 |
| 2024-06-30 | Deutsche Bank Aktiengesellschaft | 2% | 24,021,007 | $1,006,960,569 |
| 2024-06-30 | Bank of America Corporation | 2% | 21,511,384 | $901,757,177 |
| 2024-06-30 | Norges Bank Investment Management | 1% | 20,653,548 | $865,796,694 |
