B. Metzler seel. Sohn & Co. AG Purchases New Position in Halliburton Company $HAL

Key Points

• B. Metzler seel. Sohn & Co. AG initiated a Halliburton position by purchasing 149,267 shares valued at approximately $5.1 million in the second quarter. Institutional investors collectively own 85.23% of HAL.
• Analysts remain broadly positive, with 18 Buy ratings, six Holds and one Sell, producing a “Moderate Buy” consensus and an average price target of $43.10.
• Halliburton exceeded quarterly expectations, reporting $0.55 in EPS and $5.71 billion in revenue, up 3.7% year over year. However, executives recently sold shares under pre-arranged Rule 10b5-1 plans, including a $1.84 million sale by the COO.

B. Metzler seel. Sohn & Co. AG bought a new stake in Halliburton Company (NYSE:HAL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 149,267 shares of the oilfield services company's stock, valued at approximately $5,068,000.

Other large investors also recently bought and sold shares of the company. Kelleher Financial Advisors purchased a new position in Halliburton during the 3rd quarter worth $25,000. Newbridge Financial Services Group Inc. acquired a new stake in Halliburton during the 2nd quarter worth approximately $25,000. Kilter Group LLC acquired a new stake in Halliburton during the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new position in shares of Halliburton in the 2nd quarter valued at approximately $26,000. Finally, Silvant Capital Management LLC acquired a new position in shares of Halliburton in the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HAL. Evercore reissued an "outperform" rating and issued a $43.00 price objective on shares of Halliburton in a research note on Wednesday, July 22nd. Citigroup raised their target price on shares of Halliburton from $47.00 to $52.00 and gave the stock a "buy" rating in a research note on Wednesday, June 3rd. Rothschild & Co Redburn lifted their target price on shares of Halliburton from $40.00 to $49.00 and gave the company a "buy" rating in a report on Friday, May 15th. Wolfe Research assumed coverage on shares of Halliburton in a research note on Wednesday, July 8th. They set a "peer perform" rating on the stock. Finally, BMO Capital Markets set a $37.00 target price on Halliburton in a research note on Wednesday, July 22nd. Eighteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $43.10.

Insider Activity at Halliburton

In related news, 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 transaction of $889,282.42. Following the transaction, the chief financial officer directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of Halliburton stock in a transaction 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 completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by company insiders.

Halliburton Price Performance

Halliburton stock opened at $35.38 on Friday. The firm has a fifty day moving average of $33.95 and a 200-day moving average of $36.50. 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 52-week low of $21.40 and a 52-week high of $43.59. The firm has a market capitalization of $29.48 billion, a P/E ratio of 18.52, a PEG ratio of 2.23 and a beta of 0.73.

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

More Halliburton News

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.

About Halliburton

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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