Rep. Jefferson Shreve Sells Halliburton Company (NYSE:HAL) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of Halliburton Company NYSE: HAL. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Halliburton stock on May 12th. 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 0.2%

NYSE:HAL traded up $0.05 on Friday, reaching $22.47. 15,727,914 shares of the stock traded hands, compared to its average volume of 14,436,213. The company has a current ratio of 2.00, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $34.97. The company's 50 day moving average is $21.22 and its 200-day moving average is $23.21. The firm has a market capitalization of $19.31 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 3.79 and a beta of 1.13.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, hitting 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 net margin of 8.37% and a return on equity of 21.45%. Halliburton's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 earnings per share. Equities research analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

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

Institutional Trading of Halliburton

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mascagni Wealth Management Inc. bought a new position in Halliburton in the 4th quarter worth about $28,000. Stone House Investment Management LLC bought a new stake in Halliburton during the first quarter valued at approximately $30,000. Horrell Capital Management Inc. purchased a new position in Halliburton in the 4th quarter worth approximately $33,000. Hexagon Capital Partners LLC lifted its holdings in shares of Halliburton by 87.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock worth $36,000 after acquiring an additional 656 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in Halliburton in the first quarter worth $37,000. Institutional investors own 85.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HAL. Hsbc Global Res raised Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. Barclays reduced their price objective on shares of Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday. Stifel Nicolaus cut their target price on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday. Citigroup dropped their price objective on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Morgan Stanley decreased their target price on Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Halliburton currently has an average rating of "Moderate Buy" and an average price target of $31.61.

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.