Martin & Co. Inc. TN Makes New Investment in Halliburton Company $HAL

Posted by Francis Steltz on Aug 23rd, 2026

Martin & Co. Inc. TN purchased a new stake in shares of Halliburton Company (NYSE:HAL – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 165,317 shares of the oilfield services company’s stock, valued at approximately $5,613,000. Halliburton comprises 0.9% of Martin & Co. Inc. TN’s portfolio, making the stock its 20th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Halliburton in the 2nd quarter valued at approximately $2,812,327,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Halliburton by 82,596.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock valued at $841,339,000 after acquiring an additional 29,735,387 shares in the last quarter. Capital Research Global Investors raised its position in Halliburton by 21.1% in the 4th quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock valued at $3,114,848,000 after purchasing an additional 19,190,520 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Halliburton in the second quarter valued at approximately $337,486,000. Finally, Norges Bank purchased a new stake in shares of Halliburton during the 4th quarter worth $169,304,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

Positive Sentiment: Halliburton Labs added Electroflow, Osmoses and SiTration to its portfolio. The companies focus on battery materials, gas separation and critical-metal recovery, giving Halliburton exposure to emerging energy technologies and potentially supporting longer-term diversification beyond traditional oilfield services. Halliburton Labs Announces Three New Portfolio Companies
Positive Sentiment: Halliburton’s latest quarterly results showed modest operational strength: earnings per share exceeded estimates, revenue reached $5.71 billion versus a $5.50 billion consensus, and sales increased 3.7% year over year. Analysts remain broadly constructive, with a consensus “Moderate Buy” rating and an average price target of $43.10, well above recent trading levels. Q2 Rundown: Halliburton Vs Other Oilfield Services Stocks
Neutral Sentiment: Recent options-market activity has drawn attention to the possibility of a larger move in HAL, but the available report does not establish whether traders are positioned for a rise or decline. The activity mainly signals increased volatility expectations. Are Options Traders Betting on a Big Move in Halliburton Stock?
Negative Sentiment: COO Jeffrey Shannon Slocum sold 52,572 shares worth approximately $1.84 million, reducing his direct ownership by 30.69%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which makes it a weaker bearish signal, but the size of the sale may still weigh on sentiment.
Negative Sentiment: Although Halliburton beat quarterly estimates, EPS was unchanged from the year-earlier period, and analysts have recently lowered several price targets. That combination suggests expectations for near-term oilfield-services growth remain restrained despite the company’s longer-term opportunities.

Halliburton Price Performance

Shares of NYSE HAL opened at $35.38 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $33.95 and its 200 day moving average price is $36.50. Halliburton Company has a 52 week low of $21.40 and a 52 week high of $43.59. The stock has a market cap of $29.48 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 2.21 and a beta of 0.73.

Halliburton (NYSE:HAL – Get Free Report) last posted its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.Halliburton’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. As a group, research analysts forecast that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HAL has been the subject of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $47.00 price objective on shares of Halliburton in a research report on Sunday, April 26th. Wolfe Research started coverage on Halliburton in a research note on Wednesday, July 8th. They set a “peer perform” rating for the company. Citigroup upped their price target on Halliburton from $47.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Halliburton in a research report on Wednesday, July 8th. Finally, Barclays cut their price target on Halliburton from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Eighteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.10.

View Our Latest Analysis on Halliburton

Insider Activity

In related news, CFO Eric Carre sold 24,778 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the transaction, the chief financial officer owned 148,520 shares in the company, valued at approximately $5,330,382.80. The trade was a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of Halliburton stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the completion of the transaction, the chief operating officer directly owned 118,730 shares of the company’s stock, valued at approximately $4,166,235.70. This represents a 30.69% 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. Corporate insiders own 0.57% of the company’s stock.

About Halliburton

(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.