10,189,728 Shares in Halliburton Company $HAL Purchased by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Halliburton Company (NYSE:HAL - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 10,189,728 shares of the oilfield services company's stock, valued at approximately $345,941,000. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.22% of Halliburton at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Halliburton in the second quarter valued at approximately $2,812,327,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Halliburton by 82,596.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company's stock worth $841,339,000 after purchasing an additional 29,735,387 shares in the last quarter. Capital Research Global Investors raised its stake in Halliburton by 21.1% in the 4th quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company's stock valued at $3,114,848,000 after purchasing an additional 19,190,520 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Halliburton in the 2nd quarter valued at $337,486,000. Finally, Norges Bank purchased a new position in Halliburton in the 4th quarter valued at $169,304,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton Labs added Electroflow, Osmoses and SiTration to its portfolio. The companies focus on battery materials, gas separation and critical-metal recovery, giving Halliburton exposure to emerging energy technologies and potentially supporting longer-term diversification beyond traditional oilfield services. Halliburton Labs Announces Three New Portfolio Companies
• Positive Sentiment: Halliburton’s latest quarterly results showed modest operational strength: earnings per share exceeded estimates, revenue reached $5.71 billion versus a $5.50 billion consensus, and sales increased 3.7% year over year. Analysts remain broadly constructive, with a consensus “Moderate Buy” rating and an average price target of $43.10, well above recent trading levels. Q2 Rundown: Halliburton Vs Other Oilfield Services Stocks
• Neutral Sentiment: Recent options-market activity has drawn attention to the possibility of a larger move in HAL, but the available report does not establish whether traders are positioned for a rise or decline. The activity mainly signals increased volatility expectations. Are Options Traders Betting on a Big Move in Halliburton Stock?
• Negative Sentiment: COO Jeffrey Shannon Slocum sold 52,572 shares worth approximately $1.84 million, reducing his direct ownership by 30.69%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which makes it a weaker bearish signal, but the size of the sale may still weigh on sentiment.
• Negative Sentiment: Although Halliburton beat quarterly estimates, EPS was unchanged from the year-earlier period, and analysts have recently lowered several price targets. That combination suggests expectations for near-term oilfield-services growth remain restrained despite the company’s longer-term opportunities.

Halliburton Trading Up 0.1%

Shares of HAL stock opened at $35.38 on Monday. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64. Halliburton Company has a twelve month low of $21.40 and a twelve month high of $43.59. The company's 50-day moving average price is $33.95 and its 200-day moving average price is $36.53. The stock has a market cap of $29.48 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 2.21 and a beta of 0.73.

Halliburton (NYSE:HAL - Get Free Report) last issued its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The company had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. Halliburton's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 earnings per share. As a group, equities analysts predict that Halliburton Company will post 2.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HAL. Rothschild & Co Redburn lifted their target price on shares of Halliburton from $40.00 to $49.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Piper Sandler raised shares of Halliburton from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $40.00 to $43.00 in a research note on Tuesday, July 14th. UBS Group lowered their price target on shares of Halliburton from $40.00 to $39.00 and set a "neutral" rating on the stock in a research report on Monday, July 27th. Capital One Financial upped their price objective on shares of Halliburton from $41.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Halliburton from a "hold" rating to a "buy" rating in a report on Sunday. Eighteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $43.10.

Insider Activity at Halliburton

In related news, COO Jeffrey Shannon Slocum sold 52,572 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the transaction, the chief operating officer directly owned 118,730 shares in the company, valued at approximately $4,166,235.70. This represents a 30.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the firm's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the sale, the chief financial officer directly owned 148,520 shares of the company's stock, valued at approximately $5,330,382.80. This trade represents a 14.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by insiders.

Halliburton Company Profile

Halliburton is one of the world's largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company's activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.

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