Perpetual Ltd increased its stake in Halliburton Company (NYSE:HAL - Free Report) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,094,104 shares of the oilfield services company's stock after purchasing an additional 29,775 shares during the quarter. Perpetual Ltd owned 0.13% of Halliburton worth $30,919,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in HAL. Clearstead Trust LLC increased its position in Halliburton by 7.4% during the 3rd quarter. Clearstead Trust LLC now owns 5,370 shares of the oilfield services company's stock worth $132,000 after purchasing an additional 370 shares in the last quarter. Angeles Wealth Management LLC lifted its position in Halliburton by 3.6% during the third quarter. Angeles Wealth Management LLC now owns 11,320 shares of the oilfield services company's stock valued at $278,000 after buying an additional 392 shares in the last quarter. True Wealth Design LLC grew its stake in Halliburton by 21.0% during the fourth quarter. True Wealth Design LLC now owns 2,434 shares of the oilfield services company's stock worth $69,000 after buying an additional 423 shares during the period. Parkside Financial Bank & Trust grew its stake in Halliburton by 22.2% during the third quarter. Parkside Financial Bank & Trust now owns 2,369 shares of the oilfield services company's stock worth $58,000 after buying an additional 431 shares during the period. Finally, Profund Advisors LLC increased its position in shares of Halliburton by 0.9% in the third quarter. Profund Advisors LLC now owns 51,508 shares of the oilfield services company's stock worth $1,267,000 after acquiring an additional 463 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.
Halliburton Trading Down 0.1%
Shares of NYSE HAL opened at $38.12 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. The stock's 50 day moving average price is $35.51 and its two-hundred day moving average price is $30.02. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $41.18. The stock has a market capitalization of $31.84 billion, a P/E ratio of 25.25, a PEG ratio of 2.33 and a beta of 0.68.
Halliburton (NYSE:HAL - Get Free Report) last released its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.14. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.39 billion. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.Halliburton's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 EPS. On average, analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current fiscal year.
Halliburton Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Wednesday, March 4th. Halliburton's payout ratio is presently 45.03%.
Insider Buying and Selling at Halliburton
In related news, VP Timothy Mckeon sold 3,846 shares of the business's stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $34.37, for a total transaction of $132,187.02. Following the completion of the transaction, the vice president owned 81,631 shares in the company, valued at $2,805,657.47. The trade was a 4.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Allen Miller sold 171,200 shares of the business's stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $34.96, for a total transaction 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 trade represents a 13.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 515,508 shares of company stock worth $18,516,882. 0.56% of the stock is owned by company insiders.
Key Headlines Impacting Halliburton
Here are the key news stories impacting Halliburton this week:
- Positive Sentiment: Halliburton acquired Sekal AS to accelerate drilling automation, combining Sekal’s DrillTronics with HAL’s LOGIX platform — a strategic deal that could improve drilling efficiency, lower costs and differentiate services over time. Read More.
- Neutral Sentiment: Recent fundamentals give support: Halliburton beat Q4 EPS and revenue expectations, maintains healthy liquidity and a moderate leverage profile — fundamentals that underpin medium‑term confidence but rely on execution. Read More.
- Negative Sentiment: CEO insider selling: CEO Jeffrey Allen Miller sold ~158,455 shares at about $40 (SEC Form 4 disclosure), a sizable reduction that can be interpreted as a near‑term negative signal by some investors. Read More.
- Negative Sentiment: Sector headwinds: commentary in the market notes that while oil prices spiked, oil stocks broadly underperformed the crude move — suggesting much of the upside may already be priced in and potentially limiting near‑term upside for HAL. Read More.
- Negative Sentiment: Near‑term price action has been choppy: HAL slid in the prior session as the market digested the Sekal deal and valuation, showing short‑term sensitivity despite the constructive strategic case. Read More.
Analyst Ratings Changes
HAL has been the topic of several recent research reports. Zephirin Group lowered shares of Halliburton from a "buy" rating to a "hold" rating and reduced their target price for the company from $30.00 to $28.00 in a report on Friday, January 23rd. UBS Group raised their price objective on Halliburton from $32.00 to $35.00 and gave the company a "neutral" rating in a research report on Friday, January 23rd. Rothschild & Co Redburn boosted their price objective on Halliburton from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Stifel Nicolaus set a $36.00 target price on Halliburton in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada increased their target price on Halliburton from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Halliburton currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.05.
Read Our Latest Report on Halliburton
Halliburton Profile
(
Free Report)
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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