Rep. Jefferson Shreve Buys Halliburton Company (NYSE:HAL) Shares

Representative Jefferson Shreve (R-Indiana) recently bought shares of Halliburton Company NYSE: HAL. In a filing disclosed on June 22nd, the Representative disclosed that they had bought between $15,001 and $50,000 in Halliburton stock on May 8th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Halliburton Trading Up 1.6%

HAL traded up $0.36 during mid-day trading on Monday, hitting $22.81. 4,586,206 shares of the stock were exchanged, compared to its average volume of 13,793,099. The firm's fifty day moving average is $21.22 and its two-hundred day moving average is $23.18. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $34.97. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. The company has a market cap of $19.61 billion, a PE ratio of 10.65, a PEG ratio of 3.79 and a beta of 1.13.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. Halliburton had a return on equity of 21.45% and a net margin of 8.37%. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter in the prior year, the business earned $0.80 EPS. Halliburton's revenue was down 5.5% on a year-over-year basis. Equities analysts forecast that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.98%. The ex-dividend date was Wednesday, June 4th. Halliburton's payout ratio is 31.78%.

Wall Street Analyst Weigh In

HAL has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus dropped their price objective on Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Susquehanna dropped their price objective on Halliburton from $30.00 to $27.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Piper Sandler downgraded Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 price objective on the stock. in a report on Monday. Finally, The Goldman Sachs Group dropped their price target on Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $31.00.

Institutional Trading of Halliburton

A number of hedge funds have recently added to or reduced their stakes in HAL. Principal Securities Inc. lifted its position in Halliburton by 17.0% during the 4th quarter. Principal Securities Inc. now owns 8,422 shares of the oilfield services company's stock worth $229,000 after acquiring an additional 1,221 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Halliburton by 34.5% in the 4th quarter. D.A. Davidson & CO. now owns 35,827 shares of the oilfield services company's stock valued at $974,000 after buying an additional 9,184 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Halliburton by 118.4% in the 4th quarter. Venturi Wealth Management LLC now owns 3,533 shares of the oilfield services company's stock valued at $96,000 after buying an additional 1,915 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in shares of Halliburton by 77.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 20,370 shares of the oilfield services company's stock valued at $554,000 after buying an additional 8,874 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in shares of Halliburton by 70.2% in the 4th quarter. Global Retirement Partners LLC now owns 8,698 shares of the oilfield services company's stock valued at $237,000 after buying an additional 3,588 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

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.