Callan Family Office LLC Takes $1.24 Million Position in Halliburton Company $HAL

Callan Family Office LLC bought a new stake in Halliburton Company (NYSE:HAL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 36,490 shares of the oilfield services company's stock, valued at approximately $1,239,000.

Other large investors also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Halliburton by 10.2% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,794 shares of the oilfield services company's stock valued at $109,000 after buying an additional 258 shares in the last quarter. Vermillion Wealth Management Inc. grew its position in Halliburton by 24.8% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company's stock worth $41,000 after acquiring an additional 289 shares in the last quarter. Coldstream Capital Management Inc. grew its position in Halliburton by 1.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company's stock worth $659,000 after acquiring an additional 349 shares in the last quarter. Harbour Investments Inc. increased its stake in Halliburton by 7.3% during the fourth quarter. Harbour Investments Inc. now owns 5,320 shares of the oilfield services company's stock worth $150,000 after acquiring an additional 361 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in Halliburton by 3.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 10,363 shares of the oilfield services company's stock worth $293,000 after acquiring an additional 365 shares during the last quarter. Institutional investors own 85.23% of the company's stock.

Insider Activity

In other news, COO Jeffrey Shannon Slocum sold 52,572 shares of Halliburton stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the completion of the sale, the chief operating officer owned 118,730 shares of the company's stock, valued at approximately $4,166,235.70. The trade was a 30.69% decrease in their ownership of the stock. The transaction 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 business's stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the sale, the chief financial officer owned 148,520 shares of the company's stock, valued at $5,330,382.80. The trade was a 14.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HAL. Freedom Capital upgraded Halliburton from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 22nd. Barclays decreased their price target on Halliburton from $55.00 to $53.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Wolfe Research initiated coverage on Halliburton in a research report on Wednesday, July 8th. They issued a "peer perform" rating for the company. Citigroup boosted their price objective on shares of Halliburton from $47.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. Finally, Capital One Financial increased their target price 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. Eighteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.10.

Halliburton News Roundup

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 Price Performance

HAL opened at $35.38 on Monday. The business has a fifty day moving average of $33.95 and a 200 day moving average of $36.53. The stock has a market cap of $29.48 billion, a P/E ratio of 18.52, a PEG ratio of 2.21 and a beta of 0.73. 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.

Halliburton (NYSE:HAL - Get Free Report) last released its 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. The business had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The business's revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 earnings per share. As a group, sell-side analysts anticipate that Halliburton Company will post 2.34 EPS for the current year.

Halliburton 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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