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

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 Stock Up 0.2%

HAL stock traded up $0.05 during trading on Friday, reaching $22.47. The stock had a trading volume of 15,727,914 shares, compared to its average volume of 14,436,213. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $34.97. The firm has a fifty day moving average price of $21.22 and a 200 day moving average price of $23.21. The company has a current ratio of 2.00, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $19.31 billion, a P/E ratio of 10.50, a PEG ratio of 3.79 and a beta of 1.13.

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

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a $0.17 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.68 annualized dividend and a dividend yield of 3.03%. Halliburton's dividend payout ratio (DPR) is presently 31.78%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Stifel Nicolaus cut their price objective on Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday. Royal Bank Of Canada dropped their target price on shares of Halliburton from $28.00 to $24.00 and set a "sector perform" rating on the stock in a report on Wednesday. Hsbc Global Res raised shares of Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Citigroup lowered their price objective on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Susquehanna reduced their price target on Halliburton from $30.00 to $27.00 and set a "positive" rating for the company in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $31.61.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HAL. Charles Schwab Investment Management Inc. boosted its stake in Halliburton by 450.9% during the 1st 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 during the period. Sanders Capital LLC lifted its holdings 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 worth $662,694,000 after buying an additional 375,054 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 acquiring an additional 908,271 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Halliburton by 15.6% during 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 acquiring an additional 2,171,722 shares during the period. Finally, Amundi raised its stake in Halliburton by 22.2% during the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock valued at $353,242,000 after purchasing an additional 2,378,043 shares during the last quarter. 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.