Halliburton Company $HAL Shares Bought by OFI Invest Asset Management

OFI Invest Asset Management boosted its holdings in shares of Halliburton Company (NYSE:HAL) by 54.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 49,944 shares of the oilfield services company’s stock after buying an additional 17,684 shares during the period. OFI Invest Asset Management’s holdings in Halliburton were worth $1,411,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Kelleher Financial Advisors acquired a new stake in shares of Halliburton in the 3rd quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Halliburton in the 3rd quarter valued at $25,000. GoalVest Advisory LLC acquired a new stake in shares of Halliburton in the 4th quarter valued at $35,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Halliburton in the 2nd quarter valued at $25,000. Finally, Strive Asset Management LLC acquired a new stake in shares of Halliburton in the 3rd quarter valued at $31,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HAL shares. Jefferies Financial Group restated a “buy” rating and issued a $39.00 price objective on shares of Halliburton in a report on Friday, February 6th. Barclays dropped their target price on shares of Halliburton from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Zephirin Group downgraded shares of Halliburton from a “buy” rating to a “hold” rating and dropped their target price for the company from $30.00 to $28.00 in a research report on Friday, January 23rd. TD Cowen increased their target price on shares of Halliburton from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, UBS Group increased their target price on shares of Halliburton from $35.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.71.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Susquehanna raised its price target to $45, signaling stronger upside and aggressive confidence in Halliburton’s outlook; this is one of the largest broker upgrades in the past day and likely supports demand from growth-focused investors. Susquehanna Boosts Halliburton Price Target
• Positive Sentiment: Capital One increased its target to $41 and kept an overweight rating — a vote of confidence that reinforces upside expectations around $40-plus and may buoy buyers who follow that shop. Capital One Raises PT to $41
• Neutral Sentiment: UBS raised its price target to $39 but kept a neutral rating — a modest upgrade in valuation that doesn’t change the firm’s stance, so impact on flows may be limited. UBS Raises PT to $39
• Neutral Sentiment: Several sector comparison and analysis pieces review HAL versus peers and valuation after a strong one-year gain; useful for investors assessing whether earnings momentum or multiple expansion is priced in. Analyzing Halliburton and Competitors
• Neutral Sentiment: Long-form valuation coverage asks whether the stock still offers value after ~76% year-over-year upside — this may temper speculative buying as investors re-check fundamentals. Is There Still Value In Halliburton
• Negative Sentiment: Barclays cut its price target to $29 (equal weight), implying material downside versus current levels and likely contributing to selling pressure from more conservative investors. Barclays Lowers PT to $29
• Negative Sentiment: Market headlines and summaries noted a recent intraday decline (stock “sank” in coverage), reinforcing near-term negative momentum despite longer-term gains. HAL Stock Sinks As Market Gains Zacks Coverage

Halliburton Trading Down 0.2%

Shares of Halliburton stock opened at $37.71 on Friday. Halliburton Company has a 1 year low of $19.22 and a 1 year high of $41.18. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 2.04. The company has a market capitalization of $31.49 billion, a P/E ratio of 24.97, a PEG ratio of 2.31 and a beta of 0.68. The company’s fifty day moving average is $35.84 and its two-hundred day moving average is $30.46.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.14. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same period last year, the firm posted $0.73 EPS. Halliburton’s revenue for the quarter was up .8% on a year-over-year basis. Analysts forecast that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.68 annualized dividend and a dividend yield of 1.8%. Halliburton’s payout ratio is presently 45.03%.

Insiders Place Their Bets

In other news, Director Margaret Katherine Banks sold 2,600 shares of Halliburton stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $34.17, for a total value of $88,842.00. Following the sale, the director owned 14,043 shares of the company’s stock, valued at $479,849.31. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Van H. Beckwith sold 19,618 shares of Halliburton stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $33.82, for a total transaction of $663,480.76. Following the completion of the sale, the executive vice president directly owned 344,535 shares in the company, valued at approximately $11,652,173.70. The trade was a 5.39% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 415,508 shares of company stock valued at $15,291,882. Corporate insiders own 0.56% of the company’s stock.

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.