Halliburton Company $HAL Shares Purchased by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Halliburton by 13.7%, buying an additional 27,115 shares to hold 225,431 shares valued at about $6.91 million as of the latest 13F filing.
• Halliburton beat Q4 expectations with EPS of $0.69 versus $0.55 estimated and revenue of $5.66 billion, and it recently paid a quarterly dividend of $0.17 (annualized $0.68, yield 1.7%).
• Insiders sold 357,053 shares (~$12.18M) over the last 90 days, including the CEO’s sale of 171,200 shares, while analysts have raised price targets and the consensus rating remains a “Moderate Buy” with an average target of $35.81.

Wealth Enhancement Advisory Services LLC raised its stake in Halliburton Company (NYSE:HAL - Free Report) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 225,431 shares of the oilfield services company's stock after purchasing an additional 27,115 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Halliburton were worth $6,914,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HAL. Cullen Frost Bankers Inc. purchased a new position in shares of Halliburton in the 3rd quarter valued at $25,000. Kelleher Financial Advisors acquired a new stake in Halliburton during the 3rd quarter worth $25,000. Newbridge Financial Services Group Inc. purchased a new stake in Halliburton in the second quarter valued at $25,000. Strive Asset Management LLC acquired a new position in Halliburton in the third quarter valued at $31,000. Finally, Root Financial Partners LLC acquired a new position in Halliburton in the third quarter valued at $32,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Price Performance

Shares of NYSE HAL opened at $40.39 on Friday. The stock has a fifty day moving average price of $34.97 and a 200 day moving average price of $29.51. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $40.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.04 and a quick ratio of 1.51. The company has a market cap of $33.83 billion, a PE ratio of 26.75, a P/E/G ratio of 2.43 and a beta of 0.73.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.14. The company had revenue of $5.66 billion for the quarter, compared to analysts' expectations of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. Halliburton's revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 EPS. Sell-side analysts forecast that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, March 4th. Halliburton's payout ratio is 45.03%.

Insider Activity

In related news, VP Timothy Mckeon sold 3,846 shares of the firm's stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $34.37, for a total value of $132,187.02. Following the completion of the sale, the vice president owned 81,631 shares in the company, valued at $2,805,657.47. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey Allen Miller sold 171,200 shares of the business's stock in a transaction that occurred 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 owned 1,101,243 shares in the company, valued at $38,499,455.28. The trade was a 13.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 357,053 shares of company stock valued at $12,178,682 over the last ninety days. 0.56% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Halliburton from $30.00 to $35.00 and gave the stock an "overweight" rating in a research report on Thursday, January 22nd. Royal Bank Of Canada boosted their price objective on Halliburton from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday, January 22nd. Rothschild & Co Redburn raised their target price on shares of Halliburton from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, February 18th. Capital One Financial upped their price target on shares of Halliburton from $25.00 to $35.00 and gave the company an "overweight" rating in a research report on Wednesday, January 21st. Finally, Citigroup raised their price objective on shares of Halliburton from $33.00 to $38.00 and gave the stock a "buy" rating in a research report on Friday, January 23rd. 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.81.

Trending Headlines about Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: J.P. Morgan says the Iran war should have little impact on Halliburton’s Q1 earnings, reducing near‑term downside risk and supporting the stock’s rally. Halliburton hits two-year high as JP Morgan sees little Q1 earnings impact from Iran war
• Positive Sentiment: BMO Capital Markets raised its price target to $42, signaling analyst confidence in upside versus current levels. BMO Capital Markets Increases Halliburton NYSE: HAL Price Target to $42.00
• Positive Sentiment: Zacks Industry Outlook highlights Halliburton as a beneficiary of high oil prices, strong demand and tech-driven efficiency gains in the oilfield services sector. Zacks Industry Outlook Highlights Halliburton, Baker Hughes, TechnipFMC and Archrock
• Positive Sentiment: Market momentum: the stock hit a 52‑week / two‑year high as rising oil prices and geopolitical tensions lifted the energy sector, helping Halliburton trade up. Halliburton stock hits 52-week high at 39.95 USD
• Positive Sentiment: Broker consensus remains constructive: Halliburton has an average recommendation of “Moderate Buy,” supporting demand for the shares. Halliburton Company NYSE: HAL Given Average Recommendation of "Moderate Buy" by Brokerages
• Neutral Sentiment: Wall Street Zen reported a downgrade to “Buy” — still a positive label but a cut from a higher rating, so limited directional impact. Halliburton NYSE: HAL Downgraded by Wall Street Zen to Buy
• Negative Sentiment: Industry caution: Reuters warns oilfield services firms could see earnings pressure because producers may delay new drilling until higher oil prices prove durable — a risk that could blunt upside for Halliburton if drilling activity lags. Services firms feel the squeeze as oil rally from Iran war fails to spur drilling

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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