Korea Investment CORP Takes $26.34 Million Position in Halliburton Company $HAL

Korea Investment CORP purchased a new position in Halliburton Company (NYSE:HAL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 775,994 shares of the oilfield services company's stock, valued at approximately $26,345,000. Korea Investment CORP owned 0.09% of Halliburton at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAL. Kelleher Financial Advisors purchased a new stake in Halliburton in the 3rd quarter valued at about $25,000. Newbridge Financial Services Group Inc. bought a new position in Halliburton in the 2nd quarter worth about $25,000. Kilter Group LLC purchased a new position in shares of Halliburton during the second quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new position in shares of Halliburton during the second quarter worth approximately $26,000. Finally, Silvant Capital Management LLC bought a new stake in shares of Halliburton during the second quarter valued at approximately $28,000. Institutional investors own 85.23% of the company's stock.

Halliburton Stock Performance

Shares of HAL stock opened at $35.38 on Monday. The firm has a market cap of $29.48 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 2.21 and a beta of 0.73. The company's 50 day moving average is $33.95 and its 200 day moving average is $36.53. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. Halliburton Company has a 52-week low of $21.40 and a 52-week high of $43.59.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The company had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. Halliburton's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 earnings per share. On average, sell-side analysts anticipate that Halliburton Company will post 2.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HAL has been the subject of a number of research reports. Barclays lowered their price target on Halliburton from $55.00 to $53.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. UBS Group decreased their target price on Halliburton from $40.00 to $39.00 and set a "neutral" rating for the company in a research report on Monday, July 27th. Citigroup upped their target price on Halliburton from $47.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. BMO Capital Markets set a $37.00 price target on Halliburton in a research report on Wednesday, July 22nd. Finally, Morgan Stanley cut their price target on Halliburton from $41.00 to $40.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Eighteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $43.10.

Halliburton News Roundup

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton Labs added Electroflow, Osmoses and SiTration to its portfolio. The companies focus on battery materials, gas separation and critical-metal recovery, giving Halliburton exposure to emerging energy technologies and potentially supporting longer-term diversification beyond traditional oilfield services. Halliburton Labs Announces Three New Portfolio Companies
• Positive Sentiment: Halliburton’s latest quarterly results showed modest operational strength: earnings per share exceeded estimates, revenue reached $5.71 billion versus a $5.50 billion consensus, and sales increased 3.7% year over year. Analysts remain broadly constructive, with a consensus “Moderate Buy” rating and an average price target of $43.10, well above recent trading levels. Q2 Rundown: Halliburton Vs Other Oilfield Services Stocks
• Neutral Sentiment: Recent options-market activity has drawn attention to the possibility of a larger move in HAL, but the available report does not establish whether traders are positioned for a rise or decline. The activity mainly signals increased volatility expectations. Are Options Traders Betting on a Big Move in Halliburton Stock?
• Negative Sentiment: COO Jeffrey Shannon Slocum sold 52,572 shares worth approximately $1.84 million, reducing his direct ownership by 30.69%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which makes it a weaker bearish signal, but the size of the sale may still weigh on sentiment.
• Negative Sentiment: Although Halliburton beat quarterly estimates, EPS was unchanged from the year-earlier period, and analysts have recently lowered several price targets. That combination suggests expectations for near-term oilfield-services growth remain restrained despite the company’s longer-term opportunities.

Insiders Place Their Bets

In other news, COO Jeffrey Shannon Slocum sold 52,572 shares of Halliburton 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 transaction, the chief operating officer directly owned 118,730 shares in the company, valued at approximately $4,166,235.70. This trade represents a 30.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the business's stock in a transaction on 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 approximately $5,330,382.80. The trade was a 14.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.57% of the company's stock.

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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