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Schlumberger shares see mixed institutional ownership changes, but revenue and earnings beat estimates.
Schlumberger Limited saw a 2.3% drop in shares held by Bessemer Group Inc., but Connor Clark & Lunn Investment Management Ltd. increased their shares by 196.9%.
Institutional investors now own 81.99% of Schlumberger's stock.
The company reported $0.92 earnings per share, beating estimates by $0.02, and had a 3.3% increase in revenue compared to last year.
Schlumberger, an energy tech provider, has a consensus price target of $54.68 with a "Moderate Buy" rating.
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Las acciones de Schlumberger ven cambios de propiedad institucional mixtos, pero los ingresos y las ganancias superan las estimaciones.