Concurrent Investment Advisors LLC Sells 93,708 Shares of Halliburton Company $HAL

Key Points

• Concurrent Investment Advisors cut its Halliburton stake by 53.3%, selling 93,708 shares in Q4 and retaining 82,108 shares valued at about $2.32 million per its SEC filing.
• Halliburton posted a modest Q1 beat — EPS $0.55 vs. $0.50 and revenue of $5.40B (vs. $5.37B est.) — and analyst upgrades have driven a consensus Moderate Buy with a $41.09 price target.
• Institutional ownership stands at 85.23%, while insiders have sold 187,360 shares (~$7.32M) in the past three months, leaving insiders with just 0.57% ownership.

Concurrent Investment Advisors LLC cut its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 53.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,108 shares of the oilfield services company's stock after selling 93,708 shares during the period. Concurrent Investment Advisors LLC's holdings in Halliburton were worth $2,320,000 as of its most recent SEC filing.

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

Key Stories Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q1 beat and upbeat management call — Halliburton reported EPS and revenue modestly above Street estimates and management cited robust international activity, early signs of North America recovery and specific contract wins (e.g., multi‑year YPF work) that helped offset regional disruptions. 5 Insightful Analyst Questions From Halliburton’s Q1 Earnings Call
• Positive Sentiment: New commercial backlog from Greenland Energy deal — Halliburton signed an agreement to provide integrated consulting, drilling and Arctic logistics support for Greenland Energy’s Jameson Land Basin campaign, which adds near‑term service work and visibility into international activity. Greenland Energy signs Halliburton for Jameson Land Basin drilling
• Positive Sentiment: Analyst support lifted — at least one reported price target increase (~11% to $42.54), which can support buy-side interest and help underpin the stock. Halliburton (HAL) price target increased by 10.98% to 42.54
• Positive Sentiment: Firmer oil outlook — Goldman raised its Brent forecast to $90/bbl for late‑2026, a macro tailwind for oilfield services demand and pricing power for companies like Halliburton. Goldman Just Raised Its Brent Forecast to $90: 5 Energy Stocks Built for Higher Oil
• Neutral Sentiment: Sector noise — energy‑sector moves are mixed day‑to‑day; HAL gains may be helped by company‑specific news while broader sector volatility remains a factor. Sector Update: Energy Stocks Mixed Late Afternoon
• Negative Sentiment: Regional risk and modest YoY softness — management noted Middle East disruptions that pressured some activity; on a YoY basis Q1 revenue was roughly flat to down (~0.3%) and EPS slipped versus the prior year, which are limits to upside if disruptions persist. Halliburton (HAL) Reports Q1 Earnings: What Key Metrics Have to Say

Analyst Ratings Changes

A number of equities research analysts have issued reports on HAL shares. Zephirin Group upped their price objective on Halliburton from $30.00 to $31.00 and gave the company a "sell" rating in a research report on Wednesday, April 22nd. Morgan Stanley upped their price objective on Halliburton from $40.00 to $42.00 and gave the company an "overweight" rating in a research report on Wednesday, April 22nd. Evercore upgraded Halliburton from an "in-line" rating to an "outperform" rating and set a $42.00 price objective on the stock in a research report on Friday, March 20th. Capital One Financial upped their price objective on Halliburton from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Wednesday, April 8th. Finally, The Goldman Sachs Group upped their price objective on Halliburton from $40.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, March 4th. Seventeen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.09.

Insiders Place Their Bets

In other news, COO Jeffrey Shannon Slocum sold 5,441 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $33.82, for a total value of $184,014.62. Following the sale, the chief operating officer directly owned 187,423 shares in the company, valued at approximately $6,338,645.86. This represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Van H. Beckwith sold 19,618 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $33.82, for a total value of $663,480.76. Following the completion of the sale, the executive vice president owned 344,535 shares in the company, valued at approximately $11,652,173.70. The trade was a 5.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 187,360 shares of company stock valued at $7,317,882. Corporate insiders own 0.57% of the company's stock.

Halliburton Trading Up 1.5%

Shares of NYSE HAL opened at $40.74 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08. The business's 50 day moving average price is $37.00 and its 200-day moving average price is $31.86. Halliburton Company has a fifty-two week low of $19.22 and a fifty-two week high of $41.18. The company has a market cap of $34.04 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.79 and a beta of 0.68.

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

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, March 4th. Halliburton's dividend payout ratio is presently 37.36%.

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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