Halliburton Company $HAL Shares Sold by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. lessened its stake in shares of Halliburton Company (NYSE:HAL - Free Report) by 18.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,257,219 shares of the oilfield services company's stock after selling 509,586 shares during the quarter. Alyeska Investment Group L.P. owned about 0.27% of Halliburton worth $76,633,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Halliburton by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company's stock worth $2,353,000 after purchasing an additional 6,507 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Halliburton by 39.0% in the first quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company's stock valued at $1,861,000 after buying an additional 20,583 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Halliburton by 25.0% in the first quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company's stock valued at $1,320,000 after buying an additional 10,408 shares in the last quarter. Intech Investment Management LLC grew its holdings in Halliburton by 309.1% during the first quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company's stock worth $1,749,000 after acquiring an additional 52,092 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in Halliburton during the first quarter worth $895,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Argus decreased their target price on shares of Halliburton from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. BMO Capital Markets set a $37.00 price target on shares of Halliburton in a report on Wednesday, July 22nd. Evercore reiterated an "outperform" rating and issued a $43.00 price objective on shares of Halliburton in a research note on Wednesday, July 22nd. Morgan Stanley decreased their price objective on shares of Halliburton from $41.00 to $40.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Finally, Susquehanna lowered their target price on shares of Halliburton from $45.00 to $42.00 and set a "positive" rating on the stock in a research report on Wednesday, July 8th. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.10.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton is reportedly in talks to supply equipment and services for the possible redevelopment of Venezuelan oil fields as U.S. companies discuss multibillion-dollar investments in the country’s energy sector. A successful agreement could create new equipment, drilling and production-service revenue opportunities. Chevron, Other U.S. Firms Near Deal to Invest Billions in Venezuelan Oil Fields
• Positive Sentiment: Halliburton recently won an integrated contract from BP for the first appraisal campaign at the Bumerangue field offshore Brazil. The project includes drilling, evaluation, automation and remote operations, supporting expectations for continued deepwater activity and international revenue growth. Why Halliburton (HAL) Stock Is Up Today
• Positive Sentiment: Call-option activity was unusually strong, with investors buying 25,477 calls—approximately 45% above average volume—indicating increased short-term bullish positioning, though options activity can also amplify volatility.
• Neutral Sentiment: Halliburton is hiring a senior offshore-leasing official from the Trump administration, a move that could strengthen government and regulatory expertise but does not immediately change earnings expectations. Trump’s Head of Offshore Leasing Leaving for Oilfield Services Firm Halliburton
• Negative Sentiment: Reported insider trading was one-sided over the past six months, with multiple executives and directors selling shares and no listed insider purchases. This may weigh on sentiment, although such sales can reflect compensation, diversification or scheduled transactions rather than a change in business outlook.

Insider Transactions at Halliburton

In related news, CFO Eric Carre sold 24,778 shares of the firm's stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total transaction of $889,282.42. Following the sale, the chief financial officer owned 148,520 shares in the company, valued at approximately $5,330,382.80. This trade represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of Halliburton stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the completion of the sale, the chief operating officer directly owned 118,730 shares of the company's stock, valued at $4,166,235.70. The trade was a 30.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.57% of the company's stock.

Halliburton Stock Up 2.0%

Shares of NYSE HAL opened at $36.19 on Friday. Halliburton Company has a 12-month low of $21.40 and a 12-month high of $43.59. The company has a market capitalization of $30.15 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 2.27 and a beta of 0.73. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.50. The firm's 50-day moving average is $33.82 and its two-hundred day moving average is $36.54.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The company's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 earnings per share. Equities analysts anticipate that Halliburton Company will post 2.34 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. Halliburton's payout ratio is 35.60%.

Halliburton Company 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.

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