Martin & Co. Inc. TN bought a new position in shares of Halliburton Company (NYSE:HAL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 165,317 shares of the oilfield services company's stock, valued at approximately $5,613,000. Halliburton accounts for approximately 0.9% of Martin & Co. Inc. TN's investment portfolio, making the stock its 20th biggest holding.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Halliburton by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company's stock valued at $2,353,000 after acquiring an additional 6,507 shares during the period. Woodline Partners LP increased 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 worth $1,861,000 after acquiring an additional 20,583 shares during the period. Focus Partners Wealth increased 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 worth $1,320,000 after acquiring an additional 10,408 shares during the period. Intech Investment Management LLC raised its holdings in shares of 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 purchasing an additional 52,092 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Halliburton during the first quarter worth $895,000. Institutional investors and hedge funds own 85.23% of the company's stock.
Wall Street Analyst Weigh In
HAL has been the topic of several recent research reports. Citigroup upped their price target on shares of Halliburton from $47.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Jefferies Financial Group reiterated a "buy" rating and set a $47.00 price objective on shares of Halliburton in a research note on Sunday, April 26th. Wall Street Zen raised Halliburton from a "hold" rating to a "buy" rating in a report on Sunday. Barclays lowered their target price on Halliburton from $55.00 to $53.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Finally, Capital One Financial boosted their price target on Halliburton from $41.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.10.
Check Out Our Latest Analysis on Halliburton
Halliburton Stock Performance
NYSE:HAL opened at $35.38 on Friday. The stock has a market capitalization of $29.48 billion, a PE ratio of 18.52, a P/E/G ratio of 2.21 and a beta of 0.73. Halliburton Company has a fifty-two week low of $21.40 and a fifty-two week high of $43.59. The company has a fifty day moving average of $33.95 and a two-hundred day moving average of $36.50. 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 announced its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $5.71 billion for the quarter, compared to analysts' expectations of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 EPS. As a group, research analysts forecast that Halliburton Company will post 2.34 earnings per share for the current fiscal year.
Insider Activity at Halliburton
In other news, CFO Eric Carre sold 24,778 shares of Halliburton 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 of the company's stock, valued at approximately $5,330,382.80. The trade was a 14.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were 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. This represents 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. 0.57% of the stock is currently owned by insiders.
Key Halliburton News
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.
Halliburton Company Profile
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Free Report)
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.
Further Reading
Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Company (NYSE:HAL - Free Report).
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