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

From the Filing

0001422848-24-000276.txt : 20240209 0001422848-24-000276.hdr.sgml : 20240209 20240209182128 ACCESSION NUMBER: 0001422848-24-000276 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HALLIBURTON CO CENTRAL INDEX KEY: 0000045012 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 752677995 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38236 FILM NUMBER: 24616857 BUSINESS ADDRESS: STREET 1: 3000 NORTH SAM HOUSTON PARKWAY EAST STREET 2: 3000 NORTH SAM HOUSTON PARKWAY EAST CITY: HOUSTON STATE: TX ZIP: 77032 BUSINESS PHONE: 2818712699 MAIL ADDRESS: STREET 1: 3000 NORTH SAM HOUSTON PARKWAY EAST STREET 2: 3000 NORTH SAM HOUSTON PARKWAY EAST CITY: HOUSTON STATE: TX ZIP: 77032 FORMER COMPANY: FORMER CONFORMED NAME: HALLIBURTON OIL WELL CEMENTING CO DATE OF NAME CHANGE: 19660911 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Capital World Investors CENTRAL INDEX KEY: 0001422849 ORGANIZATION NAME: IRS NUMBER: 951411037 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 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 und