Ethic Inc. Increases Position in Halliburton Company $HAL

Ethic Inc. boosted its holdings in Halliburton Company (NYSE:HAL) by 6.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 370,851 shares of the oilfield services company’s stock after acquiring an additional 21,006 shares during the quarter. Ethic Inc.’s holdings in Halliburton were worth $10,480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new stake in shares of Halliburton during the fourth quarter valued at approximately $1,054,000. Bank of New York Mellon Corp grew its holdings in shares of Halliburton by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 5,929,285 shares of the oilfield services company’s stock valued at $145,860,000 after buying an additional 96,394 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Halliburton during the third quarter valued at approximately $1,775,000. Tejara Capital Ltd grew its holdings in shares of Halliburton by 98.8% during the third quarter. Tejara Capital Ltd now owns 134,365 shares of the oilfield services company’s stock valued at $3,305,000 after buying an additional 66,765 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Halliburton by 12.8% during the third quarter. New York State Common Retirement Fund now owns 1,645,526 shares of the oilfield services company’s stock valued at $40,480,000 after buying an additional 186,105 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Price Performance

Shares of Halliburton stock opened at $39.84 on Friday. The stock’s 50-day simple moving average is $37.58 and its 200-day simple moving average is $32.52. Halliburton Company has a 52 week low of $19.38 and a 52 week high of $42.46. The company has a market capitalization of $33.29 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 1.74 and a beta of 0.73. 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) last announced its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The business had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The business’s revenue was down .3% on a year-over-year basis. As a group, analysts expect that Halliburton Company will post 2.32 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, March 4th. Halliburton’s payout ratio is currently 37.36%.

Wall Street Analyst Weigh In

HAL has been the topic of a number of recent analyst reports. Barclays upgraded shares of Halliburton from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $37.00 to $55.00 in a report on Thursday. Citigroup increased their price target on shares of Halliburton from $45.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Argus increased their price target on shares of Halliburton from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. BMO Capital Markets increased their price objective on shares of Halliburton from $39.00 to $42.00 and gave the company a “market perform” rating in a research report on Wednesday, March 25th. Finally, Piper Sandler increased their price objective on shares of Halliburton from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Eighteen 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.91.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Barclays upgraded Halliburton to overweight and raised its price target to $55, signaling stronger confidence in the company’s upside. Barclays upgrade coverage
• Positive Sentiment: Broader analyst sentiment has improved, with multiple firms raising price targets and Halliburton’s latest earnings topping expectations.
• Neutral Sentiment: An insider sold 20,348 shares, but the transaction was made under a pre-arranged trading plan, making it less likely to reflect a negative change in the company’s outlook. Insider sale details
• Neutral Sentiment: New articles highlighting Halliburton’s trend status and valuation story reflect renewed market attention rather than a specific company event. Wall Street bullish or bearish article

Insider Buying and Selling

In other Halliburton news, COO Jeffrey Shannon Slocum sold 5,441 shares of Halliburton stock in a transaction on Monday, March 16th. The shares were sold at an average price of $33.82, for a total value of $184,014.62. Following the sale, the chief operating officer directly owned 187,423 shares in the company, valued at approximately $6,338,645.86. The trade was a 2.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Allen Miller sold 158,455 shares of Halliburton stock in a transaction on Friday, March 27th. The shares were sold at an average price of $40.00, for a total transaction of $6,338,200.00. Following the completion of the sale, the chief executive officer owned 1,013,027 shares in the company, valued at approximately $40,521,080. This represents a 13.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 222,488 shares of company stock worth $8,789,305 in the last 90 days. 0.57% of the stock is owned by company insiders.

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.