Halliburton Company (NYSE: HAL) is one of the world’s largest oilfield services providers, supplying drilling, completion, and production solutions to energy producers across global markets. Shares recently traded around $28.62 per share, giving the company a market value of roughly $24.1B.
After a volatile period for energy services stocks, examining who owns Halliburton and recent insider trades helps show how major investors may be positioning around the energy cycle, margins, and long term cash flow durability.
Who Are Halliburton’s Top Shareholders?
Halliburton’s shareholder base is led by large passive institutions. These firms tend to hold through commodity cycles, which can help keep long term ownership stable. Active managers adjusted positions in both directions, reflecting a mix of conviction and caution.
- The Vanguard Group, Inc.: 104,185,204 shares (12.38%), ~$2.98B value. Cut 790,515 shares (-0.75%).
- Capital Research Global Investors: 91,030,451 shares (10.82%), ~$2.61B value. Added 3,228,487 shares (+3.68%).
- BlackRock Institutional Trust Company, N.A.: 50,678,910 shares (6.02%), ~$1.45B value. Cut 1,132,027 shares (-2.18%).
- State Street Investment Management (US): 49,963,797 shares (5.94%), ~$1.43B value. Cut 2,043,595 shares (-3.93%).
- Charles Schwab Investment Management, Inc.: 30,654,100 shares (3.64%), ~$877.3M value. Added 366,111 shares (+1.21%).
- Sanders Capital, LLC: 26,004,682 shares (3.09%), ~$744.3M value. Added 2,238,983 shares (+9.42%).
- Geode Capital Management, L.L.C.: 22,437,200 shares (2.67%), ~$642.2M value. Added 94,237 shares (+0.42%).
- Capital World Investors: 13,739,621 shares (1.63%), ~$393.2M value. Cut 2,865,183 shares (-17.26%).
- BlackRock Asset Management Ireland Limited: 10,958,182 shares (1.30%), ~$313.6M value. Added 1,019,199 shares (+10.25%).
- Barrow Hanley Global Investors: 10,856,296 shares (1.29%), ~$310.7M value. Cut 6,997,433 shares (-39.19%).
Taken together, Halliburton’s ownership remains firmly anchored by passive institutions, while mixed positioning among active managers suggests investors are weighing cycle risk against cash flow strength, and for investors this points to measured confidence rather than aggressive positioning.
Hedge Fund Highlights
Renaissance Technologies, founded by Jim Simons, sharply increased its exposure to Halliburton Company, boosting its position by more than 1,700% to roughly $19M, which may suggest growing confidence in Halliburton’s earnings leverage and global activity mix.
Adage Capital Partners, co founded by Robert Atchinson and Phillip Gross, raised its Halliburton stake by nearly 970%, now holding approximately $8M worth of shares, indicating that some long term oriented investors may be reassessing Halliburton’s risk reward profile.
Ensign Peak Advisors, which manages assets for the Church of Jesus Christ of Latter day Saints, also expanded its position materially, increasing holdings by over 700% to about $44M, pointing to potential confidence in Halliburton’s ability to generate cash through varying energy environments.
O’Shaughnessy Asset Management, founded by James O’Shaughnessy, lifted its stake by more than 220% to roughly $6M, aligning with quantitative strategies that appear to be leaning more favorably toward energy services companies with improving fundamentals.
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Halliburton’s Recent Insider Trades
Insider transactions can offer context on how executives and directors may be managing exposure, though motivations are not confirmed.
- Jeffrey Allen Miller (Officer and Director): Sold shares totaling ~$564K at ~$26.91.
- Lawrence J. Pope (Officer): Sold shares totaling ~$157K at ~$26.91.
- Mark Richard (Officer): Sold shares totaling ~$4.6M between ~$26.91 and ~$27.77.
- Van H. Beckwith (Officer): Sold shares totaling ~$404K between ~$26.91 and ~$27.89.
- Eric Carre (Officer): Sold shares totaling ~$153K at ~$26.91.
- Timothy M. McKeon (Officer and Treasurer): Sold shares totaling ~$18K at ~$26.91.
- Jeffrey Shannon Slocum (Officer): Sold shares totaling ~$223K at ~$20.85.
- Several directors: Reported small transactions that appear immaterial relative to overall ownership.
It appears insider activity is tilted toward selling but remains modest relative to Halliburton’s size, and for investors these trades do not meaningfully alter the broader ownership picture.
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What the Ownership & Insider Trade Data Tell Us
Halliburton’s ownership structure remains anchored by large passive institutions, providing stability through energy market swings. Hedge fund activity shows selective accumulation, while some active managers have reduced exposure, reflecting mixed conviction at current valuation levels.
Insider activity appears measured and concentrated among a limited group of executives, with transaction sizes small relative to total ownership. For investors, the combined signals suggest Halliburton continues to be viewed as a cycle exposed but cash generative oilfield services leader, with ownership trends reflecting disciplined positioning rather than extreme optimism or caution.
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