Connor Clark & Lunn Investment Management Ltd. bought a new stake in Halliburton Company (NYSE:HAL – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 1,849,485 shares of the oilfield services company’s stock, valued at approximately $62,790,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HAL. Capital Research Global Investors increased its holdings in Halliburton by 21.1% in the fourth 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 buying an additional 19,190,520 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Halliburton during the 2nd quarter worth about $2,812,327,000. State Street Corp boosted its stake in shares of Halliburton by 1.7% during the 4th quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company’s stock worth $1,436,336,000 after acquiring an additional 861,964 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Halliburton by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company’s stock valued at $878,806,000 after acquiring an additional 443,064 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Halliburton by 82,596.0% in the 4th 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 purchasing an additional 29,735,387 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.
Trending Headlines about 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.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on HAL
Halliburton Stock Up 0.1%
HAL opened at $35.38 on Monday. The company has a market cap of $29.48 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 2.21 and a beta of 0.73. Halliburton Company has a twelve month low of $21.40 and a twelve month high of $43.59. The company has a 50-day moving average price of $33.95 and a 200 day moving average price of $36.53. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.64.
Halliburton (NYSE:HAL – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The company had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same period in the previous year, the business earned $0.55 EPS. Halliburton’s quarterly revenue was up 3.7% on a year-over-year basis. Sell-side analysts expect that Halliburton Company will post 2.34 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, COO Jeffrey Shannon Slocum sold 52,572 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total value 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the transaction, the chief financial officer owned 148,520 shares in the company, valued at $5,330,382.80. The trade was a 14.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.57% of the company’s stock.
About Halliburton
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.
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