QV Investors Inc. Decreases Holdings in Halliburton Company $HAL

Key Points

• QV Investors cut its Halliburton stake by 24.8% in the second quarter, selling 86,320 shares and retaining 262,000 shares valued at approximately $8.9 million. Institutional investors overall own 85.23% of the company.
• Wall Street remains generally positive on Halliburton, with 18 Buy, six Hold and one Sell rating, producing a “Moderate Buy” consensus and an average price target of $43.10.
• Halliburton exceeded quarterly expectations with $0.55 in adjusted EPS and $5.71 billion in revenue, while revenue rose 3.7% year over year. The company also declared a quarterly dividend of $0.17, equivalent to a 1.9% annualized yield.

QV Investors Inc. reduced its position in Halliburton Company (NYSE:HAL - Free Report) by 24.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 262,000 shares of the oilfield services company's stock after selling 86,320 shares during the period. QV Investors Inc.'s holdings in Halliburton were worth $8,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of HAL. Quantitative Investment Management LLC purchased a new position in Halliburton in the second quarter worth about $2,298,000. GTS Securities LLC purchased a new stake in shares of Halliburton during the 2nd quarter valued at about $241,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Halliburton by 105.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 136,889 shares of the oilfield services company's stock valued at $4,647,000 after purchasing an additional 70,267 shares during the last quarter. Greenleaf Trust lifted its stake in shares of Halliburton by 2.0% in the 2nd quarter. Greenleaf Trust now owns 17,348 shares of the oilfield services company's stock worth $589,000 after purchasing an additional 342 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Halliburton by 5.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,176,295 shares of the oilfield services company's stock worth $175,735,000 after buying an additional 286,795 shares during the last quarter. Institutional investors own 85.23% of the company's stock.

Wall Street Analyst Weigh In

HAL has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Halliburton from $47.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. Freedom Capital raised Halliburton from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 22nd. Barclays lowered their target price on Halliburton from $55.00 to $53.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Argus reduced their price target on Halliburton from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Finally, Morgan Stanley decreased their price objective 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 analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $43.10.

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 in the company, valued at $5,330,382.80. This trade represents a 14.30% decrease in their ownership of the stock. 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 stock was 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 trade represents a 30.69% 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. Corporate insiders own 0.57% of the company's stock.

Halliburton Trading Up 0.0%

Shares of HAL stock opened at $36.19 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. The stock has a fifty day simple moving average of $33.82 and a two-hundred day simple moving average of $36.55. The firm has a market capitalization of $30.15 billion, a PE ratio of 18.95, a PEG ratio of 2.27 and a beta of 0.73. 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 announced its quarterly earnings data 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 return on equity of 18.71% and a net margin of 7.16%.The business had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the business earned $0.55 earnings per share. The business's revenue was up 3.7% on a year-over-year basis. On average, analysts predict that Halliburton Company will post 2.34 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors 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 yield of 1.9%. Halliburton's payout ratio is currently 35.60%.

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.

Halliburton 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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