Rep. Jefferson Shreve Sells Halliburton (NYSE:HAL) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of Halliburton NYSE: HAL. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Halliburton stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Halliburton Price Performance

Shares of NYSE HAL traded down $0.63 during mid-day trading on Thursday, hitting $20.61. 1,676,809 shares of the stock were exchanged, compared to its average volume of 10,373,499. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The company has a market cap of $17.71 billion, a P/E ratio of 7.26, a PEG ratio of 3.79 and a beta of 1.19. The stock's fifty day simple moving average is $22.35 and its two-hundred day simple moving average is $26.02. Halliburton has a twelve month low of $18.72 and a twelve month high of $38.35.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, meeting analysts' consensus estimates of $0.60. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.28 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. As a group, analysts forecast that Halliburton will post 2.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on HAL shares. Hsbc Global Res upgraded shares of Halliburton to a "hold" rating in a research report on Wednesday, April 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $34.00 price target on shares of Halliburton in a report on Thursday, January 23rd. Evercore ISI cut their price target on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, January 15th. UBS Group dropped their price objective on shares of Halliburton from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Barclays dropped their price objective on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $33.84.

Insider Buying and Selling

In other news, CFO Eric Carre sold 51,179 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at approximately $3,177,525. The trade was a 28.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the sale, the director now directly owns 10,551 shares of the company's stock, valued at approximately $253,646.04. This trade represents a 26.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,576 shares of company stock worth $1,631,457. Insiders own 0.61% of the company's stock.

Institutional Trading of Halliburton

A number of institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in Halliburton by 450.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company's stock valued at $759,623,000 after purchasing an additional 24,506,472 shares in the last quarter. Sanders Capital LLC raised its position in shares of Halliburton by 1.6% during the fourth quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company's stock valued at $662,694,000 after buying an additional 375,054 shares during the last quarter. Geode Capital Management LLC increased its position in Halliburton by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company's stock worth $584,139,000 after purchasing an additional 908,271 shares during the last quarter. Pacer Advisors Inc. increased its position in Halliburton by 10.4% in the fourth quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock worth $503,856,000 after purchasing an additional 1,748,763 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in Halliburton by 15.6% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock worth $437,587,000 after purchasing an additional 2,171,722 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.