Rep. Robert Bresnahan, Jr. Sells Off Shares of Halliburton Company (NYSE:HAL)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Halliburton Company NYSE: HAL. In a filing disclosed on June 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Halliburton stock on May 15th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
• Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
• Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
• Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
• Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
• Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.

Halliburton Stock Performance

HAL traded up $0.05 on Friday, hitting $22.47. The company's stock had a trading volume of 15,727,914 shares, compared to its average volume of 14,436,213. The company's 50 day simple moving average is $21.22 and its 200-day simple moving average is $23.24. The firm has a market cap of $19.31 billion, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 3.79 and a beta of 1.13. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $34.97. The company has a quick ratio of 1.46, a current ratio of 2.00 and a debt-to-equity ratio of 0.68.

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

Halliburton Announces Dividend

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

Analysts Set New Price Targets

HAL has been the subject of several analyst reports. Stifel Nicolaus cut their price target on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday. Royal Bank Of Canada cut their price target on shares of Halliburton from $28.00 to $24.00 and set a "sector perform" rating for the company in a report on Wednesday. UBS Group lowered their price objective on shares of Halliburton from $21.00 to $20.00 and set a "neutral" rating on the stock in a research report on Wednesday. Susquehanna lowered their price objective on shares of Halliburton from $30.00 to $27.00 and set a "positive" rating on the stock in a research report on Wednesday. Finally, Morgan Stanley lowered their price objective on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Seven equities 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, Halliburton presently has an average rating of "Moderate Buy" and a consensus price target of $31.61.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. increased its stake in shares of Halliburton by 18.2% in the fourth quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company's stock worth $7,584,000 after purchasing an additional 42,876 shares in the last quarter. ORG Partners LLC increased its stake in shares of Halliburton by 13,675.2% in the first quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company's stock worth $440,000 after purchasing an additional 17,094 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Halliburton by 3.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company's stock worth $61,375,000 after purchasing an additional 80,567 shares in the last quarter. Congress Asset Management Co. purchased a new stake in shares of Halliburton in the fourth quarter worth $621,000. Finally, Scott & Selber Inc. grew its stake in Halliburton by 109.9% during the fourth quarter. Scott & Selber Inc. now owns 81,335 shares of the oilfield services company's stock valued at $2,211,000 after acquiring an additional 42,590 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.