242,112 Shares in Halliburton Company $HAL Acquired by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 242,112 Halliburton shares worth approximately $8.2 million during the second quarter. Institutional investors own 85.23% of HAL, with other major firms including BlackRock and Capital Research also increasing or initiating positions.
• Halliburton exceeded quarterly expectations, reporting $0.55 in earnings per share and $5.71 billion in revenue, up 3.7% year over year. The company also declared a quarterly dividend of $0.17 per share, representing a 1.9% annualized yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $43.10 versus the stock’s reported $36.19 price. Potential growth catalysts include contracts in offshore Brazil and possible Venezuelan oil-field redevelopment, while recent insider selling remains a sentiment risk.

Corient Private Wealth LP purchased a new position in shares of Halliburton Company (NYSE:HAL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 242,112 shares of the oilfield services company's stock, valued at approximately $8,219,000.

A number of other large investors also recently modified their holdings of HAL. BlackRock Inc. acquired a new position in shares of Halliburton during the second quarter worth $2,812,327,000. Northwestern Mutual Wealth Management Co. raised its stake in Halliburton by 82,596.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company's stock valued at $841,339,000 after buying an additional 29,735,387 shares in the last quarter. Capital Research Global Investors lifted its holdings in Halliburton by 21.1% during the 4th quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company's stock worth $3,114,848,000 after buying an additional 19,190,520 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Halliburton during the 2nd quarter worth about $345,941,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Halliburton during the 2nd quarter worth about $337,486,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton is reportedly in talks to supply equipment and services for the possible redevelopment of Venezuelan oil fields as U.S. companies discuss multibillion-dollar investments in the country’s energy sector. A successful agreement could create new equipment, drilling and production-service revenue opportunities. Chevron, Other U.S. Firms Near Deal to Invest Billions in Venezuelan Oil Fields
• Positive Sentiment: Halliburton recently won an integrated contract from BP for the first appraisal campaign at the Bumerangue field offshore Brazil. The project includes drilling, evaluation, automation and remote operations, supporting expectations for continued deepwater activity and international revenue growth. Why Halliburton (HAL) Stock Is Up Today
• Positive Sentiment: Call-option activity was unusually strong, with investors buying 25,477 calls—approximately 45% above average volume—indicating increased short-term bullish positioning, though options activity can also amplify volatility.
• Neutral Sentiment: Halliburton is hiring a senior offshore-leasing official from the Trump administration, a move that could strengthen government and regulatory expertise but does not immediately change earnings expectations. Trump’s Head of Offshore Leasing Leaving for Oilfield Services Firm Halliburton
• Negative Sentiment: Reported insider trading was one-sided over the past six months, with multiple executives and directors selling shares and no listed insider purchases. This may weigh on sentiment, although such sales can reflect compensation, diversification or scheduled transactions rather than a change in business outlook.

Halliburton Trading Up 0.0%

Shares of HAL stock opened at $36.19 on Monday. The firm's 50 day moving average price is $33.82 and its two-hundred day moving average price is $36.55. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. Halliburton Company has a fifty-two week low of $21.40 and a fifty-two week high of $43.59. The stock has a market cap of $30.15 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 2.27 and a beta of 0.73.

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

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 2nd. Halliburton's dividend payout ratio (DPR) is currently 35.60%.

Insider Activity at Halliburton

In related news, COO Jeffrey Shannon Slocum sold 52,572 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the sale, the chief operating officer directly owned 118,730 shares of the company's stock, valued at approximately $4,166,235.70. This represents a 30.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction, the chief financial officer owned 148,520 shares in the company, valued at $5,330,382.80. This trade represents a 14.30% decrease in their ownership of the stock. 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 company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on HAL shares. Susquehanna dropped their price objective on Halliburton from $45.00 to $42.00 and set a "positive" rating on the stock in a report on Wednesday, July 8th. Freedom Capital upgraded shares of Halliburton from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 22nd. Argus decreased their price target on Halliburton from $45.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. Wall Street Zen lowered Halliburton from a "buy" rating to a "hold" rating in a report on Monday. Finally, Rothschild & Co Redburn lifted their price objective on Halliburton from $40.00 to $49.00 and gave the stock a "buy" rating in a report on Friday, May 15th. Eighteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.10.

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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