Vanguard Trims Halliburton Stake to 9.9% as of Dec 29, 2023

TL;DR

**Vanguard cut its Halliburton stake to 9.9% as of year-end 2023.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Halliburton Co. As of December 29, 2023, Vanguard reported beneficial ownership of 9.9% of Halliburton's Common Stock. This filing indicates a slight decrease in Vanguard's stake from its previous disclosure, which is important for investors as it shows a large institutional investor's updated position in the oilfield services company.

Why It Matters

This filing reveals that a major institutional investor, The Vanguard Group, has slightly reduced its ownership in Halliburton, which could signal a shift in their investment strategy or outlook for the company.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate or significant risk to the company or its shareholders.

Analyst Insight

Investors should note that a major institutional holder like Vanguard has slightly reduced its position, which might warrant a closer look at Halliburton's recent performance and outlook, though it's not necessarily a bearish signal.

Key Numbers

• 9.9% — Beneficial Ownership (The percentage of Halliburton's Common Stock owned by The Vanguard Group as of December 29, 2023.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Halliburton Co (company) — subject company whose securities are being reported
• December 29, 2023 (date) — date of event requiring the filing
• 9.9% (dollar_amount) — percentage of Halliburton's Common Stock beneficially owned by Vanguard

Forward-Looking Statements

• Vanguard will continue to adjust its stake in Halliburton based on market conditions and its investment models. (The Vanguard Group) — medium confidence, target: Next 12 months

FAQ

From the Filing

0001104659-24-021067.txt : 20240213 0001104659-24-021067.hdr.sgml : 20240213 20240213170613 ACCESSION NUMBER: 0001104659-24-021067 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24628513 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01065-halliburtonco.htm SCHEDULE 13G/A halliburtonco SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 9)* Name of issuer:  Halliburton Co Title of Class of Securities:  Common Stock CUSIP Number:  406216101 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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 ("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). (Continued on the following page(s))     13G CUSIP No.:  406216101 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 1,104,155 7.  SOLE DISPOSITIVE POWER 93,992,188 8.  SHARED DISPOSITIVE POWER 3,662,698 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 97,654,886 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.91% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Halliburton Co Item 1(b) - Address of Issuer's Principal Executive Offices: 3000 North Sam Houston Parkway East Houston, TX 77032 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if