Capital World Investors Cuts Halliburton Stake to 7.8%

TL;DR

**Capital World Investors trimmed its Halliburton stake to 7.8% as of Dec 29, 2023.**

AI Summary

Capital World Investors, a major investment firm, filed an amended SC 13G/A on February 9, 2024, indicating a change in their beneficial ownership of Halliburton Co. common stock as of December 29, 2023. This filing shows Capital World Investors now beneficially owns 70,593,425 shares, representing 7.8% of Halliburton's outstanding common stock. This matters to investors because it signals a significant institutional investor's continued, albeit slightly reduced, confidence in Halliburton, which can influence market perception and stock stability.

Why It Matters

This filing shows a large institutional investor, Capital World Investors, has slightly reduced its stake in Halliburton, which could be interpreted as a minor shift in their investment strategy or outlook for the company.

Risk Assessment

Risk Level: low — A minor reduction in ownership by a large institutional investor is a common occurrence and typically poses low risk to the average shareholder.

Analyst Insight

An investor should note that a major institutional holder slightly reduced its stake, but still maintains a significant position. This suggests continued confidence, but perhaps a rebalancing of their portfolio. It's not a strong buy or sell signal, but rather an update on a large investor's position.

Key Numbers

• 70,593,425 — Shares Beneficially Owned (This is the total number of Halliburton shares Capital World Investors reported owning as of December 29, 2023.)
• 7.8% — Percentage of Class (This represents the portion of Halliburton's common stock owned by Capital World Investors, indicating a significant but slightly reduced stake.)
• December 29, 2023 — Event Date (This is the specific date when the ownership change occurred that triggered this filing.)

Key Players & Entities

• Capital World Investors (company) — the reporting person and institutional investor
• Halliburton Co. (company) — the subject company whose stock is being reported
• 70,593,425 (dollar_amount) — shares beneficially owned by Capital World Investors
• 7.8% (dollar_amount) — percentage of Halliburton's class of securities beneficially owned by Capital World Investors
• December 29, 2023 (date) — date of the event requiring the filing
• February 9, 2024 (date) — date the SC 13G/A amendment was filed

Forward-Looking Statements

• Halliburton's stock price will remain relatively stable in the short term, as this minor ownership change by a large institutional investor is unlikely to trigger significant market movements. (Halliburton Co.) — medium confidence, target: 3 months
• Capital World Investors will continue to hold a significant, albeit potentially fluctuating, stake in Halliburton, reflecting their long-term investment strategy in the oil and gas services sector. (Capital World Investors) — high confidence, target: 12 months

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 16KB
• 0001422848-24-000276.txt ( ) — 18KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 4 ) * Halliburton Co. (Name of Issuer) Common Stock (Title of Class of Securities) 406216101 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 406216101 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital World Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 121,573,804 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 121,820,814 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 121,820,814 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.6% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Halliburton Co. (b) Address of Issuer's Principal Executive Offices 3000 North Sam Houston Parkway East, Houston, TX 77032 Item 2. (a) Name of Person Filing Capital World Investors (b) Address of Principal Business Office or, if None, Residence 333 SOUTH HOPE STREET, 55TH FLOOR, LOS ANGELES, CALIFORNIA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 406216101 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 121,820,814 ** (b) Percent of Class: 13.6% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 121,573,804 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 121,820,814 (iv) shared power to dispose or to direct the disposition of 0 **Capital World Investors ("CWI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CWI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital World Investors." CWI is deemed to be the beneficial owner of 121,820,814 shares or 13.6% of the 895,051,742 shares believed to be outstanding. Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than

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