Vise Technologies Inc. Takes Position in Halliburton Company $HAL

Key Points

• Vise Technologies acquired 58,893 Halliburton shares in the second quarter, valued at approximately $2.0 million. Institutional investors collectively own 85.23% of HAL.
• Halliburton exceeded quarterly expectations with EPS of $0.55 versus $0.54 expected and revenue of $5.71 billion, up 3.7% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $43.10.
• HAL recently traded near $35.38, while several analysts have lowered price targets. Executives also sold shares under pre-arranged Rule 10b5-1 plans, including a COO sale of approximately $1.84 million.

Vise Technologies Inc. bought a new stake in Halliburton Company (NYSE:HAL - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 58,893 shares of the oilfield services company's stock, valued at approximately $1,999,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Kelleher Financial Advisors purchased a new position in Halliburton in the third quarter valued at $25,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Halliburton during the 2nd quarter worth about $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Halliburton during the 2nd quarter valued at about $26,000. Zions Bancorporation National Association UT grew its position in shares of Halliburton by 196.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company's stock valued at $28,000 after acquiring an additional 650 shares during the period. Finally, Matrix Trust Co purchased a new position in shares of Halliburton in the 2nd quarter valued at about $29,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HAL shares. Argus reduced their price target on Halliburton from $45.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. Susquehanna dropped their price objective on Halliburton from $45.00 to $42.00 and set a "positive" rating on the stock in a report on Wednesday, July 8th. Capital One Financial boosted their price objective on Halliburton from $41.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, May 20th. UBS Group reduced their target price on Halliburton from $40.00 to $39.00 and set a "neutral" rating for the company in a research note on Monday, July 27th. Finally, Citigroup increased their target price on Halliburton from $47.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. 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 stock. According to MarketBeat.com, Halliburton currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.10.

Halliburton Stock Performance

Shares of Halliburton stock opened at $35.38 on Friday. The business's 50 day moving average price is $33.95 and its 200 day moving average price is $36.50. The company has a market cap of $29.48 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 2.23 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. Halliburton Company has a one year low of $21.40 and a one year high of $43.59.

Halliburton (NYSE:HAL - Get Free Report) last issued its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (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 company had revenue of $5.71 billion during the quarter, compared to analysts' expectations of $5.50 billion. During the same period in the prior year, the business earned $0.55 EPS. The firm's quarterly revenue was up 3.7% on a year-over-year basis. On average, research analysts predict that Halliburton Company will post 2.34 EPS for the current year.

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.

Insider Activity

In other news, CFO Eric Carre sold 24,778 shares of the business's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $35.89, for a total transaction of $889,282.42. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, 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 dated 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 sale, the chief operating officer directly owned 118,730 shares of the company's stock, valued at $4,166,235.70. This represents a 30.69% decrease in their position. 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. 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.

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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