Schlumberger stock is trading -23.38% below its average target price of $53.27 after dropping -1.2% 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 $44.0 to $64.0 per share.
Schlumberger's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.5%. The stock's short ratio is 4.15. 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 84.7%. In conclusion, we believe there is mixed market sentiment regarding Schlumberger.
Institutions Invested in Schlumberger
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 10% | 136,435,051 | $5,568,596,419 |
| 2024-09-30 | Blackrock Inc. | 8% | 114,988,038 | $4,693,236,613 |
| 2024-09-30 | State Street Corporation | 6% | 90,209,014 | $3,681,880,782 |
| 2024-09-30 | Capital World Investors | 5% | 74,671,646 | $3,047,723,128 |
| 2024-09-30 | Price (T.Rowe) Associates Inc | 5% | 70,760,367 | $2,888,084,281 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 28,608,226 | $1,167,644,704 |
| 2024-09-30 | First Eagle Investment Management, LLC | 2% | 27,493,294 | $1,122,138,756 |
| 2024-09-30 | Deutsche Bank Aktiengesellschaft | 2% | 25,618,160 | $1,045,605,165 |
| 2024-09-30 | Morgan Stanley | 2% | 25,470,896 | $1,039,594,585 |
| 2024-09-30 | Bank of America Corporation | 2% | 23,335,592 | $952,442,155 |
