ARGA Investment Management LP Decreases Stock Position in Halliburton Company $HAL

Key Points

• ARGA Investment Management LP cut its stake in Halliburton by 46.6% in Q4, selling 701,164 shares and leaving it with 804,096 shares valued at about $22.7 million.
• Q1 update: Halliburton beat EPS expectations ($0.55 vs. $0.50) despite revenue dipping 0.3% year‑over‑year, and analysts have lifted targets with a consensus rating of "Moderate Buy" and an average price target of $41.09.
• Ownership and insider activity: 85.23% of the stock is held by hedge funds/institutions, while insiders have sold 187,360 shares (about $7.32 million) in the past 90 days.

ARGA Investment Management LP cut its holdings in Halliburton Company (NYSE:HAL - Free Report) by 46.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 804,096 shares of the oilfield services company's stock after selling 701,164 shares during the quarter. ARGA Investment Management LP owned about 0.10% of Halliburton worth $22,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. purchased a new position in shares of Halliburton in the fourth quarter worth $1,054,000. Bank of New York Mellon Corp raised its holdings in shares of Halliburton by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 5,929,285 shares of the oilfield services company's stock worth $145,860,000 after buying an additional 96,394 shares during the last quarter. Ritholtz Wealth Management purchased a new position in shares of Halliburton in the third quarter worth $1,775,000. Tejara Capital Ltd raised its holdings in shares of Halliburton by 98.8% in the third quarter. Tejara Capital Ltd now owns 134,365 shares of the oilfield services company's stock worth $3,305,000 after buying an additional 66,765 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Halliburton by 12.8% in the third quarter. New York State Common Retirement Fund now owns 1,645,526 shares of the oilfield services company's stock worth $40,480,000 after buying an additional 186,105 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

More Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Analysts raised HAL’s price target (about a 10.98% lift to $42.54), signaling improved analyst conviction on the shares and supporting upside versus current levels. Price Target Increase
• Positive Sentiment: Halliburton won an integrated consulting, logistics and well‑services agreement to support Greenland Energy’s 2026 Jameson Land drilling campaign — a contract that showcases HAL’s Arctic/remote‑operations capabilities and can add equipment/services revenue. MarketWatch: Greenland deal
• Positive Sentiment: The Greenland agreement generated outsized attention — Greenland Energy’s shares jumped (reports show +~27%), which can be viewed as a validation of demand for Halliburton’s services and may support investor sentiment toward HAL. Benzinga: Greenland surge
• Neutral Sentiment: Analyst/coverage pieces digging into HAL’s Q1 metrics reiterate a mixed view: slight beats on EPS/revenue but modest YoY revenue decline and variable segment trends — items investors will parse for growth visibility. Zacks: Q1 recap
• Neutral Sentiment: Energy-sector commentary highlights mixed tape for oilfield-services names; HAL is frequently cited as a more stable exposure (fee/efficiency tailwinds) but remains tied to broader energy capex cycles. MarketBeat: HAL as stable play
• Negative Sentiment: Despite these positives, broader market pressure / profit‑taking in energy names and the company’s modest YoY revenue softness appear to be weighing on the share price today. Yahoo Finance: Q1 analysis

Halliburton Trading Down 0.7%

Shares of Halliburton stock opened at $40.08 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54. The firm has a fifty day moving average price of $36.86 and a 200 day moving average price of $31.73. Halliburton Company has a 1 year low of $19.22 and a 1 year high of $41.18. The stock has a market cap of $33.47 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 1.80 and a beta of 0.68.

Halliburton (NYSE:HAL - Get Free Report) last issued its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The firm had revenue of $5.40 billion during the quarter, compared to analysts' expectations of $5.37 billion. During the same quarter last year, the company posted $0.60 earnings per share. The firm's revenue was down .3% compared to the same quarter last year. Equities research analysts predict that Halliburton Company will post 2.27 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, March 4th. Halliburton's dividend payout ratio (DPR) is 37.36%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HAL. Jefferies Financial Group reaffirmed a "buy" rating and issued a $47.00 price target on shares of Halliburton in a report on Sunday. Barclays raised their price target on shares of Halliburton from $29.00 to $37.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 22nd. UBS Group raised their price objective on Halliburton from $35.00 to $39.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. raised their price objective on Halliburton from $40.00 to $42.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 22nd. Finally, TD Cowen raised their price objective on Halliburton from $40.00 to $48.00 and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Seventeen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Halliburton currently has a consensus rating of "Moderate Buy" and an average price target of $41.09.

Insider Buying and Selling

In related news, EVP Van H. Beckwith sold 19,618 shares of Halliburton stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $33.82, for a total transaction of $663,480.76. Following the completion of the transaction, the executive vice president directly owned 344,535 shares in the company, valued at approximately $11,652,173.70. This trade represents a 5.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey Shannon Slocum sold 5,441 shares of Halliburton stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $33.82, for a total value of $184,014.62. Following the transaction, the chief operating officer owned 187,423 shares of the company's stock, valued at approximately $6,338,645.86. This represents a 2.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 187,360 shares of company stock valued at $7,317,882 in the last ninety days. Insiders own 0.57% of the company's stock.

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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