Halliburton Company $HAL Shares Purchased by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings increased its Halliburton stake by 61.9% in the third quarter, bringing its holdings to 79,674 shares valued at approximately $2.53 million. Institutional investors and hedge funds collectively own 85.23% of HAL.
• Halliburton reported third-quarter revenue of about $5.7 billion and adjusted EPS of $0.60, beating estimates. International growth and a stronger outlook helped offset weaker North American stimulation demand, while the company repurchased roughly $250 million of stock.
• Analyst sentiment remains broadly positive, with 18 Buy, five Hold, and one Sell rating and an average price target of $43.86. However, insider selling—including a 52,572-share sale by COO Jeffrey Slocum—and mixed cash-flow and operating trends remain risks.

Crossmark Global Holdings Inc. raised its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 61.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,674 shares of the oilfield services company's stock after acquiring an additional 30,458 shares during the period. Crossmark Global Holdings Inc.'s holdings in Halliburton were worth $2,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC boosted its stake in 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 purchasing an additional 258 shares during the period. Carlson Financial Inc. grew its holdings in Halliburton by 2.7% in the 2nd quarter. Carlson Financial Inc. now owns 11,278 shares of the oilfield services company's stock valued at $383,000 after buying an additional 295 shares during the last quarter. Greenleaf Trust increased its position in Halliburton by 2.0% in the 2nd quarter. Greenleaf Trust now owns 17,348 shares of the oilfield services company's stock worth $589,000 after buying an additional 342 shares during the period. Angeles Wealth Management LLC lifted its holdings in shares of Halliburton by 3.4% during the second quarter. Angeles Wealth Management LLC now owns 13,414 shares of the oilfield services company's stock worth $455,000 after buying an additional 438 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Halliburton by 1.5% in the second quarter. GAMMA Investing LLC now owns 30,951 shares of the oilfield services company's stock valued at $1,051,000 after acquiring an additional 450 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Halliburton

In other news, COO Jeffrey Slocum sold 52,572 shares of Halliburton stock in a transaction dated 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 sale, the chief operating officer directly owned 118,730 shares in the company, valued at approximately $4,166,235.70. The trade was a 30.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HAL. TD Cowen restated a "buy" rating on shares of Halliburton in a research note on Tuesday. Piper Sandler reduced their price target on shares of Halliburton from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Monday, October 19th. Wolfe Research began coverage on shares of Halliburton in a research report on Wednesday, July 8th. They issued a "peer perform" rating on the stock. Royal Bank Of Canada boosted their price objective on shares of Halliburton from $45.00 to $46.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Wall Street Zen lowered shares of Halliburton from a "buy" rating to a "hold" rating in a research report on Saturday, October 3rd. Eighteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Halliburton currently has an average rating of "Moderate Buy" and an average price target of $43.86.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Earnings beat and stronger outlook: Halliburton reported third-quarter revenue of approximately $5.7 billion and adjusted EPS of $0.60, exceeding Wall Street estimates. Management indicated that early 2027 expectations include mid-single-digit revenue growth and operating margins near 15%, or roughly 200 basis points above current levels. International activity, particularly in the Middle East and Latin America, helped offset softer North American stimulation demand. Halliburton stock rises after earnings beat and stronger 2027 margin outlook
• Positive Sentiment: Analyst support increased: Susquehanna maintained its Buy rating, while Freedom Broker upgraded Halliburton from Hold to Buy and raised its price target from $37 to $40. Other recent analyst targets are above the current share price, reinforcing the view that the stock may have recovery potential if margins and international growth continue improving. Susquehanna Keeps Their Buy Rating on Halliburton Freedom Broker upgrades Halliburton to buy from hold
• Positive Sentiment: Capital returns remain supportive: Halliburton repurchased roughly $250 million of stock during the quarter, which may help support per-share results and signal management’s confidence in the business.
• Neutral Sentiment: Mixed operating trends: The earnings review highlighted solid headline results, but investors are weighing stronger international and offshore activity against weaker North American stimulation demand and questions about cash-flow conversion. Halliburton stock slips as Q3 earnings fuel cash flow questions
• Negative Sentiment: Insider selling is a risk signal: Quiver data shows Halliburton insiders made 11 sales and no purchases over the past six months. While insider transactions may reflect personal liquidity needs, the absence of buying could temper bullish sentiment.

Halliburton Stock Up 5.2%

Shares of HAL stock opened at $34.93 on Friday. The stock has a market cap of $29.10 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 2.02 and a beta of 0.83. Halliburton Company has a one year low of $24.92 and a one year high of $43.59. The stock has a fifty day moving average price of $34.24 and a 200 day moving average price of $36.01. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.02 and a quick ratio of 1.50.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.58 billion. Halliburton had a net margin of 8.90% and a return on equity of 18.36%. The business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS. Analysts predict that Halliburton Company will post 2.33 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, September 2nd. Halliburton's dividend payout ratio (DPR) is presently 28.45%.

Halliburton 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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