The Manufacturers Life Insurance Company Buys Shares of 553,347 Halliburton Company $HAL

Key Points

• The Manufacturers Life Insurance Company acquired 553,347 Halliburton shares worth approximately $18.8 million, while institutional investors collectively own 85.23% of the company.
• Halliburton exceeded quarterly expectations with $0.55 in EPS and $5.71 billion in revenue, up 3.7% year over year. The company also declared a quarterly dividend of $0.17, representing a 1.9% yield.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $43.10 versus the stock’s reported $36.19 price; however, recent insider activity has consisted of executive share sales.

The Manufacturers Life Insurance Company purchased a new position in Halliburton Company (NYSE:HAL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 553,347 shares of the oilfield services company's stock, valued at approximately $18,786,000. The Manufacturers Life Insurance Company owned approximately 0.07% of Halliburton at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in shares of Halliburton in the 2nd quarter valued at approximately $26,000. Kilter Group LLC bought a new position in Halliburton in the second quarter valued at approximately $26,000. Silvant Capital Management LLC acquired a new position in shares of Halliburton in the second quarter valued at approximately $28,000. Matrix Trust Co acquired a new position in shares of Halliburton in the second quarter valued at approximately $29,000. Finally, Zions Bancorporation National Association UT increased its position in shares of Halliburton by 196.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company's stock worth $28,000 after acquiring an additional 650 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Price Performance

NYSE:HAL opened at $36.19 on Friday. Halliburton Company has a 52-week low of $21.40 and a 52-week high of $43.59. The company has a market cap of $30.15 billion, a P/E ratio of 18.95, a P/E/G ratio of 2.22 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. The stock's 50-day simple moving average is $33.82 and its 200 day simple moving average is $36.54.

Halliburton (NYSE:HAL - Get Free Report) last issued 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. The firm 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 business's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 earnings per share. As a group, sell-side analysts forecast that Halliburton Company will post 2.34 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently disclosed 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. This represents a $0.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 2nd. Halliburton's dividend payout ratio is presently 35.60%.

Trending Headlines about 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.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. BMO Capital Markets set a $37.00 price objective on shares of Halliburton in a report on Wednesday, July 22nd. TD Cowen reduced their target price on shares of Halliburton from $48.00 to $47.00 and set a "buy" rating for the company in a research note on Wednesday, July 22nd. Citigroup increased 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. UBS Group dropped their price target on Halliburton from $40.00 to $39.00 and set a "neutral" rating on the stock in a research note on Monday, July 27th. Finally, Barclays cut their price target on Halliburton from $55.00 to $53.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. 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 related news, CFO Eric Carre sold 24,778 shares of the firm's 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 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. This trade represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 transaction, the chief operating officer owned 118,730 shares in the company, valued at approximately $4,166,235.70. The trade was 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. Corporate 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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