Halliburton Company $HAL Shares Newly Purchased by Adams Natural Resources Fund Inc.

Key Points

• Adams Natural Resources Fund bought 349,853 Halliburton shares worth approximately $11.1 million, making HAL about 1.2% of its portfolio. Institutional investors collectively own 85.23% of the company.
• Halliburton’s latest quarter exceeded expectations, with EPS of $0.60 versus $0.58 expected and revenue of $5.70 billion versus $5.58 billion expected; revenue rose 1.8% year over year.
• Analysts maintain a generally positive outlook, with 18 Buy ratings and a consensus price target of $43.86, though concerns remain over EBITDA, cash flow, and geopolitical risks. Shares recently traded down 2.5% at $33.14.

Adams Natural Resources Fund Inc. bought a new position in shares of Halliburton Company (NYSE:HAL - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 349,853 shares of the oilfield services company's stock, valued at approximately $11,125,000. Halliburton makes up approximately 1.2% of Adams Natural Resources Fund Inc.'s portfolio, making the stock its 21st largest position.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Halliburton in the second quarter valued at approximately $2,812,327,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Halliburton in the second quarter valued at $345,941,000. Bank of New York Mellon Corp bought a new position in shares of Halliburton in the second quarter valued at $337,486,000. Bank of America Corp DE bought a new position in shares of Halliburton in the second quarter valued at $196,444,000. Finally, Caisse de depot et placement du Quebec acquired a new position in Halliburton during the second quarter worth $194,675,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Jeffrey Slocum sold 52,572 shares of the business's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the sale, the chief operating officer directly owned 118,730 shares in the company, valued at $4,166,235.70. The trade was a 30.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.57% of the company's stock.

Halliburton Trading Down 2.5%

Shares of HAL stock opened at $33.14 on Friday. The firm has a 50 day moving average price of $34.23 and a two-hundred day moving average price of $36.02. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $27.61 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 1.98 and a beta of 0.83. Halliburton Company has a 12-month low of $24.92 and a 12-month high of $43.59.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.02. Halliburton had a return on equity of 18.36% and a net margin of 8.90%. The company had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.58 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The business's revenue was up 1.8% on a year-over-year basis. As a group, analysts predict that Halliburton Company will post 2.32 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, September 2nd. Halliburton's dividend payout ratio (DPR) is presently 35.60%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HAL. Morgan Stanley dropped their price target on shares of Halliburton from $41.00 to $40.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Piper Sandler decreased their price objective on shares of Halliburton from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Monday. BMO Capital Markets set a $37.00 price objective on shares of Halliburton in a research note on Wednesday, July 22nd. UBS Group dropped their target price on shares of Halliburton from $42.00 to $41.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Barclays cut their target price on shares of Halliburton from $53.00 to $51.00 and set an "overweight" rating for the company in a research note on Wednesday. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Halliburton currently has an average rating of "Moderate Buy" and a consensus price target of $43.86.

Trending Headlines about Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton reported third-quarter adjusted EPS of $0.60 and revenue of $5.70 billion, exceeding analyst estimates of $0.58 and $5.58 billion, respectively. Revenue increased 1.8% year over year. HAL Q3 2026 Deep Dive: International Growth and Margin Expansion Shape Halliburton’s Outlook
• Positive Sentiment: International and offshore operations continued to support results, while improving margins and a preliminary 2027 outlook provided investors with a longer-term growth narrative. J.P. Morgan maintained a Buy rating, citing international growth, margin expansion potential and valuation. Halliburton: Buy Rating Backed by Strong International Growth, Margin Expansion Outlook, and Attractive Valuation
• Positive Sentiment: Analyst sentiment was mixed but included several constructive updates: RBC raised its price target to $46 and Freedom Broker upgraded Halliburton from Hold to Buy with a $40 target. These Analysts Revise Their Forecasts On Halliburton Following Q3 Results
• Neutral Sentiment: Heavy call-option activity suggests some traders are positioning for a rebound, although options activity is speculative and does not necessarily indicate improving fundamentals. Stock Traders Buy High Volume of Call Options on Halliburton
• Negative Sentiment: The earnings beat did not fully satisfy investors: third-quarter EBITDA missed expectations, and questions about cash-flow generation overshadowed the revenue and EPS results. Barclays also reduced its price target to $51. Halliburton’s Q3 EBITDA Miss Offset by Preliminary 2027 Outlook, RBC Says
• Negative Sentiment: Investors remain focused on potential geopolitical and regional risks, including uncertainty involving Venezuela and possible Middle East disruptions, which could affect customer activity and Halliburton’s outlook. Halliburton Earnings: Headwinds Today, Venezuela Tomorrow, Middle East Eventually

Halliburton Company Profile

Halliburton Company NYSE: HAL is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well.

Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.

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