Public Employees Retirement System of Ohio Takes Position in Halliburton Company $HAL

Public Employees Retirement System of Ohio acquired a new stake in Halliburton Company (NYSE:HAL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 383,563 shares of the oilfield services company's stock, valued at approximately $13,022,000.

Other large investors have also recently added to or reduced their stakes in the company. Kelleher Financial Advisors acquired a new position in shares of Halliburton in the third quarter worth $25,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Halliburton in the second quarter valued at $25,000. Kilter Group LLC purchased a new position in Halliburton in the second quarter valued at $26,000. Meeder Asset Management Inc. purchased a new position in Halliburton in the second quarter valued at $26,000. Finally, Silvant Capital Management LLC acquired a new position in Halliburton during the 2nd quarter worth $28,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Price Performance

Shares of NYSE:HAL opened at $36.19 on Monday. Halliburton Company has a 12 month low of $21.40 and a 12 month high of $43.59. 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 has a market capitalization of $30.15 billion, a P/E ratio of 18.95, a P/E/G ratio of 2.27 and a beta of 0.73. The company's fifty day moving average price is $33.82 and its 200 day moving average price is $36.55.

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

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be issued a $0.17 dividend. The ex-dividend date of this dividend 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 presently 35.60%.

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 Activity at Halliburton

In related news, CFO Eric Carre sold 24,778 shares of Halliburton stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total value of $889,282.42. Following the transaction, the chief financial officer directly owned 148,520 shares in the company, valued at $5,330,382.80. This trade represents a 14.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the completion of the transaction, the chief operating officer directly 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. 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 corporate insiders.

Analyst Upgrades and Downgrades

HAL has been the topic of a number of analyst reports. Barclays reduced their price target on Halliburton from $55.00 to $53.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Evercore reaffirmed an "outperform" rating and set a $43.00 price objective on shares of Halliburton in a research report on Wednesday, July 22nd. UBS Group lowered their target price on shares of Halliburton from $40.00 to $39.00 and set a "neutral" rating for the company in a research note on Monday, July 27th. Freedom Capital raised Halliburton from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 22nd. Finally, Wolfe Research assumed coverage on Halliburton in a research report on Wednesday, July 8th. They set a "peer perform" rating for the company. 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. Based on data from MarketBeat.com, Halliburton has a consensus rating of "Moderate Buy" and an average price target of $43.10.

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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