Halliburton (NYSE:HAL) Price Target Raised to $40.00

Halliburton (NYSE:HAL) had its price target boosted by TD Cowen from $39.00 to $40.00 in a report published on Thursday morning,MarketScreener reports. They currently have a buy rating on the oilfield services company’s stock.

A number of other analysts have also issued reports on HAL. Morgan Stanley reissued an “overweight” rating and set a $35.00 price objective on shares of Halliburton in a report on Wednesday. Citigroup increased their price target on shares of Halliburton from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Zephirin Group raised their price objective on shares of Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. UBS Group upped their target price on shares of Halliburton from $24.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Halliburton from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.57.

Halliburton Stock Up 0.8%

HAL opened at $33.97 on Thursday. Halliburton has a 12 month low of $18.72 and a 12 month high of $35.55. The company has a market cap of $28.59 billion, a PE ratio of 22.50 and a beta of 0.78. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average of $28.97 and a 200 day moving average of $25.31.

Halliburton (NYSE:HAL) last issued its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.15. The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 EPS. On average, sell-side analysts expect that Halliburton will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. Halliburton’s payout ratio is 45.03%.

Insider Activity at Halliburton

In related news, EVP Van H. Beckwith sold 8,854 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $27.89, for a total value of $246,938.06. Following the transaction, the executive vice president owned 333,528 shares of the company’s stock, valued at approximately $9,302,095.92. This trade represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Lawrence J. Pope sold 100,000 shares of Halliburton stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $32.25, for a total value of $3,225,000.00. Following the transaction, the executive vice president directly owned 419,800 shares in the company, valued at approximately $13,538,550. The trade was a 19.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 268,854 shares of company stock worth $7,915,138. 0.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Halliburton

Several hedge funds have recently made changes to their positions in HAL. Capital Research Global Investors lifted its holdings in Halliburton by 81.8% during the third quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company’s stock worth $2,239,349,000 after buying an additional 40,969,139 shares during the period. Strive Asset Management LLC purchased a new stake in shares of Halliburton during the third quarter valued at $418,738,000. Holocene Advisors LP acquired a new position in shares of Halliburton in the third quarter valued at about $147,315,000. Norges Bank acquired a new stake in shares of Halliburton in the second quarter worth $109,379,000. Finally, AQR Capital Management LLC raised its position in Halliburton by 85.5% during the second quarter. AQR Capital Management LLC now owns 8,610,870 shares of the oilfield services company’s stock valued at $175,490,000 after acquiring an additional 3,969,759 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q4 beat and operational momentum — HAL topped EPS and revenue expectations, with improved margins and management emphasizing capital returns (buybacks/dividends) that support per-share value. MarketBeat: Halliburton Beat Expectations
• Positive Sentiment: Analyst upgrades and price-target raises — multiple firms (TD Cowen, Susquehanna, RBC, BMO, JPMorgan, Evercore, Stifel, Capital One) raised targets or ratings after results, signaling consensus sentiment lift and providing upward price catalysts. Benzinga: Analysts Increase Forecasts
• Positive Sentiment: New strategic initiatives — a $35M Halliburton–A*STAR lab in Singapore targets faster tech-enabled growth in Asia, supporting international revenue diversification and longer-term service/product improvements. SBR: Halliburton, A*STAR $35m lab
• Positive Sentiment: Venezuela opportunity — company comments and hiring activity point to a potential quick re-entry if cleared politically, which could materially expand international revenue. WSJ: Halliburton Prepares to Re-Enter Venezuela
• Neutral Sentiment: Options activity and new highs — large call buying and a 12-month high reflect elevated speculative and institutional interest, but they can amplify short-term volatility. AmericanBankingNews: Investors Buy Calls
• Neutral Sentiment: Macro/sector noise — broader energy-market swings and geopolitics (plus periodic headlines) create background volatility that can mask company fundamentals in the near term. SeeItMarket: Energy Stocks Steady Amid Macro Chaos
• Negative Sentiment: Profit nuance — while EPS beat, net income edged down year-over-year (reported net income decline), highlighting some margin or one-time items that temper the beat. Yahoo: Q4 net income falls 4.2%
• Negative Sentiment: Analyst downgrade — Zephirin Group cut HAL from Buy to Hold and trimmed its target to $28, flagging downside risk and reminding investors not all analysts are convinced upside is sustained. MarketScreener: Zephirin Downgrades HAL

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.