3,122,918 Halliburton Company $HAL Shares Sold by Canoe Financial LP

Canoe Financial LP lowered its holdings in Halliburton Company (NYSE:HAL - Free Report) by 53.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,666,600 shares of the oilfield services company's stock after selling 3,122,918 shares during the period. Canoe Financial LP owned approximately 0.32% of Halliburton worth $84,970,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinnacle Associates Ltd. acquired a new stake in Halliburton in the third quarter valued at approximately $275,000. Ballast Inc. increased its position in Halliburton by 4.7% during the third quarter. Ballast Inc. now owns 52,656 shares of the oilfield services company's stock worth $1,674,000 after buying an additional 2,383 shares during the last quarter. Kaufman Rossin Wealth LLC raised its holdings in Halliburton by 45.3% during the third quarter. Kaufman Rossin Wealth LLC now owns 9,224 shares of the oilfield services company's stock valued at $293,000 after buying an additional 2,877 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Halliburton by 11.0% during the third quarter. V Square Quantitative Management LLC now owns 25,165 shares of the oilfield services company's stock valued at $800,000 after buying an additional 2,496 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Halliburton by 15.1% during the second quarter. QRG Capital Management Inc. now owns 15,544 shares of the oilfield services company's stock valued at $528,000 after buying an additional 2,037 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Stock Up 1.1%

NYSE HAL opened at $33.96 on Thursday. The firm has a market cap of $28.29 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 1.94 and a beta of 0.83. Halliburton Company has a one year low of $24.92 and a one year high of $43.59. The stock's 50 day simple moving average is $34.22 and its 200 day simple moving average is $36.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.02 and a quick ratio of 1.50.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Halliburton had a net margin of 8.90% and a return on equity of 18.36%. The firm had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.58 billion. During the same quarter last year, the company posted $0.58 EPS. The company's quarterly revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, September 2nd. Halliburton's dividend payout ratio (DPR) is presently 35.60%.

Insider Buying and Selling

In other Halliburton news, COO Jeffrey Slocum sold 52,572 shares of the stock in a transaction 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 transaction, the chief operating officer directly owned 118,730 shares in the company, valued at approximately $4,166,235.70. This trade represents a 30.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HAL. UBS Group lifted their price target on shares of Halliburton from $39.00 to $42.00 and gave the company a "neutral" rating in a research report on Monday, September 14th. Freedom Capital raised shares of Halliburton from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 22nd. Wolfe Research started coverage on shares of Halliburton in a research note on Wednesday, July 8th. They issued a "peer perform" rating on the stock. Morgan Stanley lowered their target price on shares of Halliburton from $41.00 to $40.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Finally, Evercore reiterated an "outperform" rating and issued a $43.00 target price on shares of Halliburton in a report on Wednesday, July 22nd. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $44.10.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q3 earnings beat expectations: Adjusted EPS was $0.60 versus the $0.58 consensus, while revenue rose 1.8% year over year to $5.70 billion, exceeding estimates of $5.58 billion. The beat was driven primarily by international operations and drilling activity. Halliburton tops third-quarter profit estimates on international oilfield demand
• Positive Sentiment: International growth is offsetting domestic weakness: International revenue increased 3% sequentially to approximately $3.5 billion, while deepwater contracts and stronger Middle East demand supported the outlook. Management expects a multiyear oilfield-services demand cycle and mid-single-digit revenue growth in 2027. Halliburton sees years of growth as Mideast rebuilds
• Positive Sentiment: Margin expansion target and capital returns are supportive: Halliburton is targeting approximately 15% operating margins in 2027, about two percentage points above current levels. The company also repurchased roughly $250 million of stock and maintained its dividend during the quarter. Halliburton targets 15% operating margin as 2027 growth outlook strengthens
• Positive Sentiment: Analyst support remains broadly favorable: J.P. Morgan reiterated a Buy rating with a $42 target, while RBC raised its target from $45 to $46 and maintained an Outperform rating. Heavy call-option activity also suggests bullish near-term positioning. Analysts revise forecasts on Halliburton following Q3 results
• Neutral Sentiment: Geopolitical developments create both opportunity and risk: Middle East reconstruction could generate years of additional services demand, but potential oil-supply disruptions tied to regional conflict could also increase commodity-market volatility and complicate customer spending decisions. Halliburton earnings headwinds today, Venezuela tomorrow, Middle East eventually
• Negative Sentiment: North America remains a drag: North American revenue fell about 5% sequentially, and weaker completion and production activity contributed to lower total operating income and sequentially lower reported profit.
• Negative Sentiment: Analyst views are not unanimous: Barclays reduced its price target to $51, highlighting ongoing market uncertainty despite the quarterly beat and longer-term growth opportunities.

Halliburton Company Profile

Halliburton Company NYSE: HAL is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well.

Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.

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