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Halliburton: What Does the Institutional Activity Indicate?

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Top investors in Halliburton

The Vanguard Group, Capital Research Global Investors, and State Street Global Advisors are the top three institutional investors in Halliburton (HAL). They own 7.2%, 5.0%, and 4.8%, respectively, of Halliburton’s outstanding shares. According to the latest filings, Capital Research Global Investors and State Street Global Advisors sold net 2.6 million and 0.3 million Halliburton shares, respectively, from their holdings. The Vanguard Group added net 2.5 million Halliburton shares in the second quarter.

The above table shows the top institutional investors in Halliburton and their latest position changes. Together, the top ten investors hold ~34.7% of Halliburton’s outstanding shares.

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Position changes

Collectively, the ten investors added net 13.4 million Halliburton shares during the second quarter. A purchase of 16.3 million shares by Wellington Management Company was the largest buy transaction. Five of the top ten investors reduced their positions in Halliburton in the second quarter, while the other five investors added to their positions. The activity likely indicates investors’ mixed sentiments for the stock.

Recently, Fidelity Management & Research Company sold 3.0 million Halliburton shares. Halliburton has ~0.9 billion outstanding shares—99.7% are free-floating shares. Institutions own ~81% of Halliburton’s outstanding shares. Halliburton forms ~13.9% of the VanEck Vectors Oil Services ETF (OIH).

Next, we’ll discuss what institutional investors did with their positions in Baker Hughes (BHGE) in the second quarter.

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