Kingsview Wealth Management LLC Purchases Shares of 102,121 Halliburton Company $HAL

Key Points

• Kingsview Wealth Management acquired 102,121 Halliburton shares worth approximately $3.47 million during the second quarter. Institutional investors collectively own 85.23% of Halliburton’s stock.
• Halliburton reported quarterly revenue of $5.71 billion and adjusted EPS of $0.55, exceeding analyst estimates, while revenue increased 3.7% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $43.10.
• The company announced a quarterly dividend of $0.17 per share, equivalent to an annualized $0.68 dividend and a 1.9% yield. Recent business developments include a BP contract for offshore Brazil and potential involvement in Venezuelan oil-field redevelopment.

Kingsview Wealth Management LLC acquired a new stake in Halliburton Company (NYSE:HAL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 102,121 shares of the oilfield services company's stock, valued at approximately $3,467,000.

Other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors increased its holdings in Halliburton by 21.1% in the 4th quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company's stock worth $3,114,848,000 after buying an additional 19,190,520 shares during the period. BlackRock Inc. acquired a new stake in Halliburton during the 2nd quarter valued at approximately $2,812,327,000. State Street Corp lifted its stake in Halliburton by 1.7% during the 4th quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company's stock valued at $1,436,336,000 after acquiring an additional 861,964 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Halliburton by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company's stock valued at $878,806,000 after acquiring an additional 443,064 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Halliburton by 82,596.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company's stock worth $841,339,000 after acquiring an additional 29,735,387 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton News Roundup

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, COO Jeffrey Shannon Slocum sold 52,572 shares of Halliburton stock in a transaction dated 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 transaction, the chief operating officer owned 118,730 shares in the company, valued at $4,166,235.70. The trade was a 30.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the company's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the transaction, the chief financial officer directly owned 148,520 shares of the company's stock, valued at $5,330,382.80. The trade was a 14.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

HAL has been the subject of several recent research reports. Wolfe Research assumed coverage on shares of Halliburton in a report on Wednesday, July 8th. They set a "peer perform" rating for the company. TD Cowen lowered their price target on shares of Halliburton from $48.00 to $47.00 and set a "buy" rating on the stock in a report on Wednesday, July 22nd. BMO Capital Markets set a $37.00 price objective on Halliburton in a research note on Wednesday, July 22nd. Rothschild & Co Redburn boosted their price objective on Halliburton from $40.00 to $49.00 and gave the company a "buy" rating in a report on Friday, May 15th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Halliburton in a research note on Wednesday, July 8th. Eighteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.10.

Halliburton Stock Performance

Shares of NYSE HAL opened at $36.19 on Friday. The company's fifty day moving average price is $33.82 and its 200 day moving average price is $36.54. Halliburton Company has a 1 year low of $21.40 and a 1 year 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 quick ratio of 1.50 and a current ratio of 2.02.

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. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The company had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter last year, the business earned $0.55 earnings per share. The firm's revenue was up 3.7% on a year-over-year basis. On average, research analysts predict that Halliburton Company will post 2.34 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be given 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 dividend payout ratio (DPR) is 35.60%.

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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