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

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 Stock Performance

Shares of NYSE HAL traded up $0.05 during mid-day trading on Friday, reaching $22.47. 15,727,914 shares of the company's stock were exchanged, compared to its average volume of 14,436,213. The firm has a 50-day moving average price of $21.20 and a two-hundred day moving average price of $23.27. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.46. 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 Company has a 52 week low of $18.72 and a 52 week high of $34.97.

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

Halliburton Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blume Capital Management Inc. boosted its stake in shares of Halliburton by 33.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after purchasing an additional 400 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in Halliburton by 0.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 84,675 shares of the oilfield services company's stock valued at $2,302,000 after buying an additional 484 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its position in Halliburton by 1.2% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 42,683 shares of the oilfield services company's stock valued at $1,161,000 after buying an additional 505 shares during the period. Fayez Sarofim & Co boosted its position in Halliburton by 3.1% in the 4th quarter. Fayez Sarofim & Co now owns 17,060 shares of the oilfield services company's stock valued at $464,000 after buying an additional 520 shares during the period. Finally, Argonautica Private Wealth Management Inc. grew its stake in Halliburton by 3.3% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 16,567 shares of the oilfield services company's stock worth $450,000 after acquiring an additional 523 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Analysts Set New Price Targets

HAL has been the subject of several recent research reports. Barclays reduced their price target on Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday. Stifel Nicolaus reduced their target price on Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday. UBS Group lowered their price target on shares of Halliburton from $21.00 to $20.00 and set a "neutral" rating on the stock in a report on Wednesday. The Goldman Sachs Group reduced their price objective on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Wells Fargo & Company decreased their target price on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a report on Wednesday. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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.