State Street Corp Updates Passive Stake in Halliburton Co
Ticker: HAL · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 45012
| Field | Detail |
|---|---|
| Company | Halliburton CO (HAL) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still holds Halliburton shares, signaling institutional confidence.**
AI Summary
State Street Corp, a major financial institution, filed an amended SC 13G/A on January 29, 2024, indicating its ownership of Halliburton Co's common stock as of December 31, 2023. This filing is an update to their previous disclosures, confirming their continued significant, but passive, investment in the oilfield services giant. This matters to investors because it shows a large institutional holder maintains its position, suggesting confidence in Halliburton's long-term prospects, even if the exact percentage of ownership isn't detailed in this snippet.
Why It Matters
This filing confirms a major institutional investor, State Street Corp, continues to hold a significant, passive stake in Halliburton, signaling ongoing institutional confidence in the company.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company operations.
Analyst Insight
Investors should note that a major institutional player like State Street Corp continues to hold Halliburton stock, which can be a positive signal, but this filing alone doesn't provide details on the percentage of ownership or any change from previous filings, so further investigation into State Street's specific holdings is warranted.
Key Numbers
- 406216101 — CUSIP Number (Identifies Halliburton Co's common stock)
- 12/31/2023 — Date of Event (The snapshot date for the reported ownership)
Key Players & Entities
- State Street Corp (company) — the reporting person and institutional investor
- Halliburton Co (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
- 406216101 (number) — the CUSIP number for Halliburton Co common stock
Forward-Looking Statements
- State Street Corp will maintain a significant, passive stake in Halliburton Co throughout 2024. (State Street Corp) — medium confidence, target: 12/31/2024
FAQ
Who filed this SC 13G/A amendment?
State Street Corp, a financial institution based in Boston, MA, filed this SC 13G/A amendment.
What company's securities are the subject of this filing?
The securities of Halliburton Co, an oil, gas field services company based in Houston, TX, are the subject of this filing.
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.
What type of securities are being reported in this filing?
The filing reports on 'COMMON STOCK' of Halliburton Co.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1 (B), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding HALLIBURTON CO (HAL).