Schlumberger Amends Sarcos Robotics Stake on Dec 31, 2023
Ticker: SLB · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 87347
| Field | Detail |
|---|---|
| Company | Schlumberger Limited/NV (SLB) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: shareholder-activity, amendment, institutional-ownership
TL;DR
**Schlumberger updated its stake in Sarcos Robotics, signaling a potential shift in investment strategy.**
AI Summary
Schlumberger Limited/NV, an oil and gas field services company, filed an amended SC 13G/A on January 26, 2024, indicating a change in their beneficial ownership of Sarcos Technology & Robotics Corp. (formerly Rotor Acquisition Corp.) common stock as of December 31, 2023. This filing, an amendment to a previous Schedule 13G, signals a potential shift in Schlumberger's investment strategy or a re-evaluation of their stake in the robotics company. Investors should note this as it could reflect Schlumberger's evolving view on Sarcos's future prospects or a broader portfolio adjustment.
Why It Matters
This filing shows Schlumberger's updated position in Sarcos Technology & Robotics, which could signal a change in their confidence or strategic interest in the robotics firm. It's important for investors to track significant shareholder activity as it can influence market perception and stock performance.
Risk Assessment
Risk Level: medium — The filing itself is routine, but a change in a significant investor's stake can introduce uncertainty or signal a re-evaluation of the underlying company's prospects.
Analyst Insight
Investors should monitor subsequent filings from Schlumberger to understand the magnitude of any change in their Sarcos stake and consider Sarcos's recent performance and news for context.
Key Players & Entities
- SCHLUMBERGER LIMITED/NV (company) — the entity filing the SC 13G/A
- Sarcos Technology & Robotics Corp. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- 0001826681 (number) — Central Index Key (CIK) for Sarcos Technology & Robotics Corp.
- 0000087347 (number) — Central Index Key (CIK) for SCHLUMBERGER LIMITED/NV
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the 'Name of Issuer' in this filing?
The 'Name of Issuer' is SARCOS TECHNOLOGY AND ROBOTICS CORPORATION, which was formerly known as Rotor Acquisition Corp. and Sarcos Technology & Robotics Corporation.
What is the CUSIP Number for the class of securities reported?
The CUSIP Number for the Common Stock, par value $0.0001 per share, of Sarcos Technology & Robotics Corporation is 80359A106.
When was the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Which rule under the Securities Exchange Act of 1934 is this schedule filed pursuant to?
This schedule is filed pursuant to Rule 13d-1(c) of the Securities Exchange Act of 1934, as indicated by the checked box.
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