Schlumberger Amends Sarcos Robotics Stake Filing
Ticker: PDYNW · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1826681
| Field | Detail |
|---|---|
| Company | Sarcos Technology & Robotics Corp (PDYNW) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Schlumberger updated its Sarcos Robotics ownership filing, signaling continued institutional interest.**
AI Summary
Schlumberger Limited/NV, a major oil and gas field services company, filed an amended SC 13G/A on January 26, 2024, indicating its ownership in Sarcos Technology & Robotics Corp. This filing, dated December 31, 2023, updates previous disclosures about Schlumberger's stake in Sarcos's Common Stock, par value $0.0001 per share. This matters to investors because it shows a significant institutional holder's continued, or potentially adjusted, interest in Sarcos, which could influence market perception and stock stability.
Why It Matters
This filing shows that a large industrial player, Schlumberger, continues to hold a position in Sarcos, signaling potential long-term strategic interest or a financial investment that could impact Sarcos's stock valuation.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate negative or positive event for the stock.
Analyst Insight
Investors should note Schlumberger's continued interest in Sarcos, but this filing alone doesn't provide enough detail to warrant a change in investment strategy. Further investigation into the exact percentage of ownership and any changes from previous filings would be prudent.
Key Numbers
- $0.0001 — Par Value per Share (The par value of Sarcos Technology & Robotics Corp's Common Stock.)
Key Players & Entities
- Schlumberger Limited/NV (company) — the entity filing the SC 13G/A
- Sarcos Technology & Robotics Corp (company) — the subject company in which shares are held
- December 31, 2023 (date) — the date of the event requiring the filing
- $0.0001 (dollar_amount) — par value per share of Sarcos Common Stock
Forward-Looking Statements
- Schlumberger will maintain its investment in Sarcos Technology & Robotics Corp for the foreseeable future. (Schlumberger Limited/NV) — medium confidence, target: 2025-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is SCHLUMBERGER LIMITED/NV, with its business address at 5599 SAN FELIPE STREET, 17TH FLOOR, HOUSTON, TX 77056.
What is the subject company of this filing?
The subject company is Sarcos Technology & Robotics Corp, located at 650 SOUTH 500 WEST, SALT LAKE CITY, UT 84101.
What is the CUSIP number for the class of securities mentioned?
The CUSIP number for the Common Stock, par value $0.0001 per share, of Sarcos Technology & Robotics Corporation is 80359A106.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Stats: 1,273 words · 5 min read · ~4 pages · Grade level 11.8 · Accepted 2024-01-26 16:24:49
Key Financial Figures
- $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti
Filing Documents
- d746000dsc13ga.htm (SC 13G/A) — 73KB
- 0001193125-24-016743.txt ( ) — 75KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 26, 2024 Schlumberger Limited By: /s/ Samantha Blons Name: Samantha Blons Title: Assistant Secretary Schlumberger B.V. By: /s/ Eileen Hardell Name: Eileen Hardell Title: Secretary Schlumberger Holdings Corporation By: /s/ Jeanne Morrissette Name: Jeanne Morrissette Title: Treasurer Schlumberger Technology Corporation By: /s/ Arindam Bhattacharya Name: Arindam Bhattacharya Title: Vice President