Korea Investment CORP acquired a new stake in shares of Halliburton Company (NYSE:HAL – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 775,994 shares of the oilfield services company’s stock, valued at approximately $26,345,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of Halliburton during the second quarter worth about $26,000. Kilter Group LLC acquired a new stake in Halliburton in the 2nd quarter worth approximately $26,000. Silvant Capital Management LLC purchased a new stake in Halliburton during the 2nd quarter worth approximately $28,000. Matrix Trust Co acquired a new position in Halliburton during the 2nd quarter valued at approximately $29,000. Finally, Zions Bancorporation National Association UT raised its holdings in shares of Halliburton by 196.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after buying an additional 650 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.
Halliburton News Summary
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.
Insider Activity
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on HAL shares. Morgan Stanley dropped their price objective on shares of Halliburton from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $47.00 price target on shares of Halliburton in a research note on Sunday, April 26th. Rothschild & Co Redburn raised their price objective on Halliburton from $40.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Capital One Financial lifted their target price on Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Finally, Citigroup increased their price target on shares of Halliburton from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Eighteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.10.
View Our Latest Stock Analysis on Halliburton
Halliburton Price Performance
NYSE:HAL opened at $35.38 on Monday. The firm’s fifty day moving average is $33.95 and its two-hundred day moving average is $36.53. The firm 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. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. Halliburton Company has a one year low of $21.40 and a one year high of $43.59.
Halliburton (NYSE:HAL – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $5.71 billion during 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%.The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. Research analysts expect that Halliburton Company will post 2.34 EPS for the current year.
Halliburton Company Profile
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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