Quantbot Technologies LP Makes New Investment in Halliburton Company $HAL

Quantbot Technologies LP acquired a new position in Halliburton Company (NYSE:HAL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 316,519 shares of the oilfield services company’s stock, valued at approximately $10,746,000. Halliburton makes up 0.4% of Quantbot Technologies LP’s investment portfolio, making the stock its 21st biggest holding.

Other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Halliburton by 7.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock worth $2,353,000 after buying an additional 6,507 shares during the last quarter. Woodline Partners LP raised its stake in shares of Halliburton by 39.0% during the first quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock worth $1,861,000 after acquiring an additional 20,583 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Halliburton by 25.0% in the 1st quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock worth $1,320,000 after acquiring an additional 10,408 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Halliburton by 309.1% in the 1st quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock valued at $1,749,000 after purchasing an additional 52,092 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Halliburton during the 1st quarter valued at $895,000. 85.23% of the stock is currently owned by institutional investors.

Halliburton Stock Down 0.9%

Shares of NYSE:HAL opened at $35.38 on Friday. Halliburton Company has a 1 year low of $21.40 and a 1 year high of $43.59. The company has a market cap of $29.48 billion, a PE ratio of 18.52, a P/E/G ratio of 2.21 and a beta of 0.73. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.50. The stock’s 50-day moving average is $33.95 and its 200 day moving average is $36.50.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. Sell-side analysts anticipate that Halliburton Company will post 2.34 EPS for the current year.

Insider Buying and Selling

In other Halliburton news, COO Jeffrey Shannon 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 transaction, the chief operating officer directly owned 118,730 shares of the company’s stock, valued at approximately $4,166,235.70. The trade was a 30.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total transaction of $889,282.42. Following the completion of the transaction, the chief financial officer owned 148,520 shares of the company’s stock, valued at $5,330,382.80. This trade represents a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is owned by corporate insiders.

Key Stories Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton Labs added Electroflow, Osmoses and SiTration to its portfolio. The companies focus on battery materials, gas separation and critical-metal recovery, giving Halliburton exposure to emerging energy technologies and potentially supporting longer-term diversification beyond traditional oilfield services. Halliburton Labs Announces Three New Portfolio Companies
• Positive Sentiment: Halliburton’s latest quarterly results showed modest operational strength: earnings per share exceeded estimates, revenue reached $5.71 billion versus a $5.50 billion consensus, and sales increased 3.7% year over year. Analysts remain broadly constructive, with a consensus “Moderate Buy” rating and an average price target of $43.10, well above recent trading levels. Q2 Rundown: Halliburton Vs Other Oilfield Services Stocks
• Neutral Sentiment: Recent options-market activity has drawn attention to the possibility of a larger move in HAL, but the available report does not establish whether traders are positioned for a rise or decline. The activity mainly signals increased volatility expectations. Are Options Traders Betting on a Big Move in Halliburton Stock?
• Negative Sentiment: COO Jeffrey Shannon Slocum sold 52,572 shares worth approximately $1.84 million, reducing his direct ownership by 30.69%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which makes it a weaker bearish signal, but the size of the sale may still weigh on sentiment.
• Negative Sentiment: Although Halliburton beat quarterly estimates, EPS was unchanged from the year-earlier period, and analysts have recently lowered several price targets. That combination suggests expectations for near-term oilfield-services growth remain restrained despite the company’s longer-term opportunities.

Wall Street Analyst Weigh In

Several research firms have weighed in on HAL. Weiss Ratings reissued a “hold (c)” rating on shares of Halliburton in a research note on Wednesday, July 8th. Wall Street Zen upgraded Halliburton from a “hold” rating to a “buy” rating in a research report on Sunday. Wolfe Research began coverage on Halliburton in a research note on Wednesday, July 8th. They issued a “peer perform” rating on the stock. Rothschild & Co Redburn boosted their price objective on Halliburton from $40.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Citigroup increased their price objective on Halliburton from $47.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Eighteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and an average target price of $43.10.

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.