Halliburton Company $HAL Shares Purchased by PNC Financial Services Group Inc.

Posted by Brian Himes on May 23rd, 2026

PNC Financial Services Group Inc. grew its stake in Halliburton Company (NYSE:HAL – Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 834,455 shares of the oilfield services company’s stock after purchasing an additional 23,439 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.10% of Halliburton worth $23,582,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of HAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Halliburton by 7.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock valued at $2,353,000 after purchasing an additional 6,507 shares in the last quarter. Woodline Partners LP raised its stake in shares of Halliburton by 39.0% in the 1st quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock valued at $1,861,000 after purchasing an additional 20,583 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Halliburton by 25.0% in the 1st quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock valued at $1,320,000 after purchasing an additional 10,408 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Halliburton by 309.1% in the 1st quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock valued at $1,749,000 after purchasing an additional 52,092 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Halliburton in the 1st quarter valued at about $895,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Key Stories Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

Positive Sentiment: Halliburton announced a quarterly dividend of $0.17 per share, signaling continued capital returns to shareholders and reinforcing management’s confidence in cash generation. Halliburton Announces Dividend
Positive Sentiment: CEO Jeff Miller joining Noble Corporation’s board may be seen as a vote of confidence in Halliburton’s leadership and industry standing, while also highlighting Miller’s influence across the offshore drilling sector. Noble Corporation plc Announces New Director Appointment
Neutral Sentiment: Articles focused on Halliburton’s Russell 1000 filing and broader market commentary are drawing fresh attention to the name, but they do not appear to change the company’s fundamentals on their own. Halliburton Russell 1000 Filing Raises Fresh Focus
Neutral Sentiment: Recent notes from analysts and market outlets highlight that HAL has been up since its last earnings report, suggesting investor sentiment remains constructive after the company beat quarterly EPS estimates and slightly topped revenue expectations. Halliburton (HAL) Up 8.2% Since Last Earnings Report: Can It Continue?

Insider Buying and Selling

In other Halliburton news, CEO Jeffrey Allen Miller sold 158,455 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $40.00, for a total value of $6,338,200.00. Following the sale, the chief executive officer owned 1,013,027 shares in the company, valued at approximately $40,521,080. This trade represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Timothy Mckeon sold 8,655 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $42.00, for a total transaction of $363,510.00. Following the completion of the sale, the vice president owned 72,976 shares in the company, valued at $3,064,992. The trade was a 10.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 420,837 shares of company stock valued at $16,979,135 in the last ninety days. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HAL shares. Morgan Stanley upped their target price on shares of Halliburton from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Stifel Nicolaus restated a “buy” rating and issued a $43.00 target price (up from $36.00) on shares of Halliburton in a research note on Wednesday, April 22nd. Citigroup increased their price objective on shares of Halliburton from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Barclays upgraded shares of Halliburton from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $37.00 to $55.00 in a research note on Thursday, May 7th. Finally, Evercore upgraded shares of Halliburton from an “in-line” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research note on Friday, March 20th. Eighteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.86.

View Our Latest Report on Halliburton

Halliburton Price Performance

HAL opened at $41.50 on Friday. The firm has a market cap of $34.67 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.82 and a beta of 0.73. Halliburton Company has a fifty-two week low of $19.42 and a fifty-two week high of $43.59. The company’s 50-day moving average price is $38.99 and its 200 day moving average price is $33.65. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.65.

Halliburton (NYSE:HAL – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The firm had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.37 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. Halliburton’s quarterly revenue was down .3% on a year-over-year basis. As a group, sell-side analysts expect that Halliburton Company will post 2.34 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd will be paid a $0.17 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. Halliburton’s dividend payout ratio (DPR) is presently 37.36%.

Halliburton Company Profile

(Free Report)

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.