Foster Victor Wealth Advisors LLC Sells 163,056 Shares of Halliburton Company $HAL

Key Points

• Foster Victor Wealth Advisors trimmed its Halliburton stake by 20.5% in Q4, selling 163,056 shares and finishing the quarter with 632,986 shares worth about $17.89 million (≈0.08% of the company).
• Halliburton beat Q4 estimates, posting $0.69 EPS vs. $0.55 expected and $5.66B in revenue vs. $5.39B, and recently paid a $0.17 quarterly dividend (1.8% yield).
• Positive catalysts include a multibillion‑dollar completions/fracturing contract with YPF in Argentina and analyst price‑target raises (e.g., RBC to $43, Susquehanna to $45), although near‑term Q1 earnings risk and recent insider selling are headwinds to watch.

Foster Victor Wealth Advisors LLC cut its holdings in shares of Halliburton Company (NYSE:HAL - Free Report) by 20.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 632,986 shares of the oilfield services company's stock after selling 163,056 shares during the period. Foster Victor Wealth Advisors LLC owned about 0.08% of Halliburton worth $17,888,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Capital Research Global Investors increased its holdings in shares of Halliburton by 81.8% during the third quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company's stock worth $2,239,349,000 after buying an additional 40,969,139 shares in the last quarter. Sanders Capital LLC increased its holdings in shares of Halliburton by 9.4% during the third quarter. Sanders Capital LLC now owns 26,004,682 shares of the oilfield services company's stock worth $639,715,000 after buying an additional 2,238,983 shares in the last quarter. Strive Asset Management LLC acquired a new position in shares of Halliburton during the third quarter worth $418,738,000. Pacer Advisors Inc. increased its holdings in shares of Halliburton by 23.1% during the third quarter. Pacer Advisors Inc. now owns 10,154,605 shares of the oilfield services company's stock worth $249,803,000 after buying an additional 1,906,724 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Halliburton by 85.5% during the second quarter. AQR Capital Management LLC now owns 8,610,870 shares of the oilfield services company's stock worth $175,490,000 after buying an additional 3,969,759 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Down 2.8%

Shares of NYSE:HAL opened at $37.52 on Wednesday. The firm has a market cap of $31.34 billion, a P/E ratio of 24.85, a P/E/G ratio of 2.36 and a beta of 0.68. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. Halliburton Company has a 12-month low of $19.22 and a 12-month high of $41.18. The business has a fifty day simple moving average of $36.11 and a 200 day simple moving average of $30.83.

Halliburton (NYSE:HAL - Get Free Report) last announced its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.14. The business had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.Halliburton's revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. Analysts predict that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, March 4th. Halliburton's dividend payout ratio (DPR) is currently 45.03%.

Key Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Won a multibillion‑dollar, multi‑year completions/fracturing contract with YPF to expand work in Argentina’s Vaca Muerta — expands Halliburton’s international footprint and deploys its Zeus electric fracturing technology, supporting long‑term revenue and margin upside. YPF Awards Halliburton Multibillion-dollar Long-term Unconventional Completions Contract in Argentina
• Positive Sentiment: Analyst upgrades and higher targets: RBC raised its price target to $43 (keeps Outperform) and Susquehanna raised its target to $45 (Positive), signaling improved medium‑term analyst conviction that could support multiple expansion. RBC Raises Price Target on Halliburton to $43
• Neutral Sentiment: Coverage pieces and reviews are circulating (competitor comparisons and industry notes); useful for context but less likely to move the stock immediately versus the contract and earnings drivers. Reviewing Halliburton (HAL) and Its Competitors
• Negative Sentiment: Near‑term earnings risk: multiple previews and analyst notes expect Q1 earnings to weaken and suggest Halliburton lacks the setup for an earnings beat this quarter — short‑term disappointment on results or guidance could pressure the stock despite the long‑term contract. Earnings Preview: Halliburton (HAL) Q1 Earnings Expected to Decline
• Neutral Sentiment: Market‑level effect: coverage noted the stock fell while broader markets rose — indicates some idiosyncratic selling or profit‑taking unrelated to the broader tape. Halliburton (HAL) Stock Sinks As Market Gains

Insider Buying and Selling at Halliburton

In related news, EVP Van H. Beckwith sold 54,348 shares of the firm's stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $34.96, for a total transaction of $1,900,006.08. Following the completion of the transaction, the executive vice president directly owned 344,535 shares of the company's stock, valued at $12,044,943.60. This trade represents a 13.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey Allen Miller sold 171,200 shares of the firm's stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $34.96, for a total value of $5,985,152.00. Following the transaction, the chief executive officer directly owned 1,101,243 shares of the company's stock, valued at approximately $38,499,455.28. This represents a 13.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 415,508 shares of company stock worth $15,291,882 over the last 90 days. Company insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

HAL has been the subject of several research analyst reports. Citigroup upped their price target on shares of Halliburton from $33.00 to $38.00 and gave the stock a "buy" rating in a report on Friday, January 23rd. BMO Capital Markets upped their price target on shares of Halliburton from $39.00 to $42.00 and gave the stock a "market perform" rating in a report on Wednesday, March 25th. Piper Sandler upped their price target on shares of Halliburton from $30.00 to $34.00 and gave the stock a "neutral" rating in a report on Wednesday, January 28th. Zephirin Group downgraded shares of Halliburton from a "buy" rating to a "hold" rating and lowered their price target for the stock from $30.00 to $28.00 in a report on Friday, January 23rd. Finally, Wall Street Zen downgraded shares of Halliburton from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 28th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $36.95.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.