Banco Santander Significantly Reduces Halliburton Holdings

The institutional investor sold off over 98% of its stake in the oilfield services company.

Published on Mar. 2, 2026

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Banco Santander S.A. has significantly reduced its holdings in Halliburton Company (NYSE:HAL), selling off 481,080 shares and retaining only 8,594 shares, according to the firm's most recent filing with the Securities and Exchange Commission (SEC). The move represents a 98.2% decrease in Banco Santander's position in the oilfield services company.

Why it matters

Banco Santander's substantial reduction in its Halliburton holdings suggests the institutional investor has grown less bullish on the oilfield services company's prospects. This could signal broader concerns about the energy industry's outlook among some major investors.

The details

In the third quarter, Banco Santander owned 489,674 shares of Halliburton. However, the firm sold off 481,080 shares, leaving it with just 8,594 shares valued at $211,000 at the end of the quarter.

  • Banco Santander reduced its Halliburton holdings during the third quarter of the year.

The players

Banco Santander S.A.

A major Spanish multinational commercial bank and financial services company.

Halliburton Company

A multinational corporation that provides products and services to the energy industry, including oil and gas exploration and production.

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The takeaway

Banco Santander's substantial reduction in its Halliburton holdings suggests the institutional investor has grown less bullish on the oilfield services company's prospects, which could signal broader concerns about the energy industry's outlook among some major investors.