KBC Group NV Purchases 680,023 Shares of Halliburton Company $HAL

KBC Group NV boosted its holdings in shares of Halliburton Company (NYSE:HAL) by 953.3% in the 1st quarter, Holdings Channel reports. The firm owned 751,354 shares of the oilfield services company’s stock after buying an additional 680,023 shares during the period. KBC Group NV’s holdings in Halliburton were worth $29,295,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Capital Research Global Investors raised its holdings in shares of Halliburton by 21.1% during the 4th quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock worth $3,114,848,000 after buying an additional 19,190,520 shares in the last quarter. State Street Corp raised its stake in Halliburton by 1.7% during the fourth 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. raised its stake in Halliburton by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company’s stock worth $878,806,000 after acquiring an additional 443,064 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Halliburton by 82,596.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock worth $841,339,000 after purchasing an additional 29,735,387 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Halliburton by 14.0% in the 4th quarter. Morgan Stanley now owns 15,806,168 shares of the oilfield services company’s stock valued at $446,682,000 after purchasing an additional 1,943,845 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Buying and Selling

In other news, insider Michael Casey Maxwell sold 20,348 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $41.89, for a total transaction of $852,377.72. Following the completion of the sale, the insider directly owned 93,763 shares in the company, valued at $3,927,732.07. This represents a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Timothy Mckeon sold 8,655 shares of Halliburton stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $42.00, for a total transaction of $363,510.00. Following the transaction, the vice president directly owned 72,976 shares of the company’s stock, valued at $3,064,992. This represents 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. In the last 90 days, insiders sold 258,255 shares of company stock worth $10,550,535. Corporate insiders own 0.57% of the company’s stock.

Halliburton Trading Down 5.6%

Shares of HAL stock opened at $33.14 on Wednesday. The stock has a market cap of $27.68 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.62 and a beta of 0.71. The stock has a 50-day moving average of $37.44 and a 200-day moving average of $36.42. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. Halliburton Company has a 1-year low of $20.17 and a 1-year high of $43.59.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The company had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research analysts forecast that Halliburton Company will post 2.36 earnings per share for the current year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd were given a $0.17 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.1%. Halliburton’s payout ratio is 37.36%.

Trending Headlines about Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton beat Q2 expectations, reporting adjusted EPS of $0.55 versus $0.54 expected and revenue of $5.71 billion versus $5.50 billion expected, with revenue up 3.7% year over year. Halliburton Announces Second Quarter 2026 Results
• Positive Sentiment: Management and coverage highlighted strength in Europe, Latin America, Africa, and North America, suggesting the company is still benefiting from broad-based oilfield services demand. Halliburton second-quarter profit rises on Europe, Latin America demand
• Positive Sentiment: Halliburton also announced new contract wins in Iraq, including work to support development of two oil and gas fields, which could help future revenue. Basra Oil Company Awards Halliburton Contract to Advance Oil and Gas Development in Southern Iraq
• Neutral Sentiment: The earnings call emphasized global growth and potential margin upside, which may support the long-term outlook if execution remains strong. Halliburton Earnings Call Highlights Global Growth, Margin Upside
• Neutral Sentiment: Shares are also being influenced by broader oilfield-services weakness and the market’s focus on how the Iran-Israel conflict is affecting industry demand and pricing. Halliburton Earnings Beat Estimates. Why the Stock Is Falling.
• Negative Sentiment: Investors appear concerned that Middle East activity fell, with lower work in Kuwait, Iraq, and Qatar weighing on sentiment and offsetting the earnings beat. Halliburton Stock Slides as Regional Pressure Squeezes Middle East Revenue
• Negative Sentiment: Several reports said the stock fell because the results were only a modest beat and did not fully remove concerns about the conflict’s impact on near-term business. Halliburton Earnings Beat Estimates. Why the Stock Is Falling.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HAL. Piper Sandler raised shares of Halliburton from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $40.00 to $43.00 in a research note on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Halliburton in a research report on Wednesday, July 8th. BMO Capital Markets lifted their price target on Halliburton from $42.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Argus upped their price objective on Halliburton from $39.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $47.00 price objective on shares of Halliburton in a report on Sunday, April 26th. Nineteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.27.

Halliburton 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.