Halliburton Company $HAL Stock: Foster Victor Wealth Advisors LLC Increases Holdings

Foster Victor Wealth Advisors LLC lifted its stake in shares of Halliburton Company (NYSE:HAL) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 418,640 shares of the oilfield services company’s stock after acquiring an additional 15,256 shares during the quarter. Foster Victor Wealth Advisors LLC owned 0.05% of Halliburton worth $13,807,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Massachusetts Wealth Management raised its holdings in Halliburton by 1.3% during the 3rd quarter. Massachusetts Wealth Management now owns 42,625 shares of the oilfield services company’s stock worth $1,355,000 after buying an additional 550 shares during the period. Axxcess Wealth Management LLC purchased a new position in Halliburton during the third quarter valued at approximately $299,000. Crossmark Global Holdings Inc. grew its holdings in shares of Halliburton by 61.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 79,674 shares of the oilfield services company’s stock valued at $2,534,000 after acquiring an additional 30,458 shares in the last quarter. Pinnacle Associates Ltd. acquired a new position in Halliburton in the 3rd quarter worth about $275,000. Finally, Ballast Inc. increased its holdings in Halliburton by 4.7% in the third quarter. Ballast Inc. now owns 52,656 shares of the oilfield services company’s stock worth $1,674,000 after buying an additional 2,383 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Halliburton Trading Up 1.1%

NYSE:HAL opened at $33.96 on Thursday. The company’s 50 day moving average is $34.22 and its 200-day moving average is $36.05. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.63. Halliburton Company has a 12 month low of $24.92 and a 12 month high of $43.59. The firm has a market cap of $28.29 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 1.94 and a beta of 0.83.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. Halliburton had a net margin of 8.90% and a return on equity of 18.36%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.58 billion. During the same period in the prior year, the firm earned $0.58 EPS. Halliburton’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities analysts anticipate that Halliburton Company will post 2.34 EPS for the current year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. Halliburton’s payout ratio is currently 35.60%.

More Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q3 earnings beat expectations: Adjusted EPS was $0.60 versus the $0.58 consensus, while revenue rose 1.8% year over year to $5.70 billion, exceeding estimates of $5.58 billion. The beat was driven primarily by international operations and drilling activity. Halliburton tops third-quarter profit estimates on international oilfield demand
• Positive Sentiment: International growth is offsetting domestic weakness: International revenue increased 3% sequentially to approximately $3.5 billion, while deepwater contracts and stronger Middle East demand supported the outlook. Management expects a multiyear oilfield-services demand cycle and mid-single-digit revenue growth in 2027. Halliburton sees years of growth as Mideast rebuilds
• Positive Sentiment: Margin expansion target and capital returns are supportive: Halliburton is targeting approximately 15% operating margins in 2027, about two percentage points above current levels. The company also repurchased roughly $250 million of stock and maintained its dividend during the quarter. Halliburton targets 15% operating margin as 2027 growth outlook strengthens
• Positive Sentiment: Analyst support remains broadly favorable: J.P. Morgan reiterated a Buy rating with a $42 target, while RBC raised its target from $45 to $46 and maintained an Outperform rating. Heavy call-option activity also suggests bullish near-term positioning. Analysts revise forecasts on Halliburton following Q3 results
• Neutral Sentiment: Geopolitical developments create both opportunity and risk: Middle East reconstruction could generate years of additional services demand, but potential oil-supply disruptions tied to regional conflict could also increase commodity-market volatility and complicate customer spending decisions. Halliburton earnings headwinds today, Venezuela tomorrow, Middle East eventually
• Negative Sentiment: North America remains a drag: North American revenue fell about 5% sequentially, and weaker completion and production activity contributed to lower total operating income and sequentially lower reported profit.
• Negative Sentiment: Analyst views are not unanimous: Barclays reduced its price target to $51, highlighting ongoing market uncertainty despite the quarterly beat and longer-term growth opportunities.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday. Argus cut their target price on Halliburton from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Piper Sandler reduced their price target on Halliburton from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday. Barclays decreased their price target on Halliburton from $53.00 to $51.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Halliburton in a report on Friday, October 2nd. Seventeen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.10.

Insiders Place Their Bets

In other Halliburton news, COO Jeffrey Slocum sold 52,572 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the completion of the transaction, the chief operating officer owned 118,730 shares of the company’s stock, valued at $4,166,235.70. The trade was a 30.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by corporate insiders.

Halliburton Company Profile

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well.

Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.