BlackRock Amends Schlumberger Stake, Maintains Significant Ownership
Ticker: SLB · Form: SC 13G/A · Filed: Feb 6, 2024 · CIK: 87347
| Field | Detail |
|---|---|
| Company | Schlumberger Limited/NV (SLB) |
| Form Type | SC 13G/A |
| Filed Date | Feb 6, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, oil-gas, passive-investment
TL;DR
**BlackRock still owns a big chunk of Schlumberger, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on February 6, 2024, indicating its ownership of Schlumberger Limited/NV common stock as of December 31, 2023. This filing, Amendment No. 14, shows BlackRock continues to be a significant institutional holder in the oil and gas field services company. This matters to investors because large institutional ownership by firms like BlackRock can signal confidence in the company's long-term prospects and can influence stock stability.
Why It Matters
This filing confirms BlackRock's continued substantial investment in Schlumberger, which can be seen as a vote of confidence from a major institutional investor.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor, indicating stable ownership rather than a significant change in position.
Analyst Insight
Investors should note BlackRock's continued significant, though not necessarily changed, stake in Schlumberger, which could be a factor in their own investment decisions regarding the oil and gas services company.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- SCHLUMBERGER LIMITED/NV (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 6, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 14, as stated in the filing.
Who is the reporting person in this filing?
The reporting person, or the entity that filed this document, is BlackRock Inc., as indicated in the 'FILED BY' section of the filing.
What is the subject company whose securities are being reported?
The subject company is SCHLUMBERGER LIMITED/NV, as identified in the 'SUBJECT COMPANY' and 'Name of Issuer' sections of the filing.
What is the date of the event that required this filing?
The date of the event which required the filing of this statement is December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 6, 2024 regarding SCHLUMBERGER LIMITED/NV (SLB).