Sumitomo Mitsui Trust Group Inc. Sells 44,770 Shares of Halliburton Company $HAL

Sumitomo Mitsui Trust Group Inc. trimmed its stake in shares of Halliburton Company (NYSE:HAL) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,925,643 shares of the oilfield services company’s stock after selling 44,770 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Halliburton worth $61,235,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Halliburton in the 3rd quarter worth $6,749,000. ProShare Advisors LLC grew its holdings in shares of Halliburton by 15.9% in the third quarter. ProShare Advisors LLC now owns 206,883 shares of the oilfield services company’s stock worth $6,579,000 after acquiring an additional 28,383 shares during the period. Vise Technologies Inc. increased its position in Halliburton by 28.1% during the third quarter. Vise Technologies Inc. now owns 75,467 shares of the oilfield services company’s stock valued at $2,400,000 after acquiring an additional 16,574 shares during the last quarter. Avestar Capital LLC increased its position in Halliburton by 13.0% during the third quarter. Avestar Capital LLC now owns 15,254 shares of the oilfield services company’s stock valued at $485,000 after acquiring an additional 1,754 shares during the last quarter. Finally, State of Wyoming increased its position in Halliburton by 6.5% during the third quarter. State of Wyoming now owns 13,381 shares of the oilfield services company’s stock valued at $426,000 after acquiring an additional 819 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton introduced Agile Asset Management, an AI-powered cloud solution that lets oil and gas companies compare development plans and investment scenarios across subsurface, well, facility, and economic workflows. The launch expands its digital portfolio, though the announcement did not quantify expected revenue or earnings impact. Halliburton Introduces Agile Asset Management to Accelerate Capital Investment Decisions
• Positive Sentiment: Halliburton acquired Keystone AS to strengthen its digital well-construction capabilities, supporting its broader push to expand technology-based services. Halliburton acquires Keystone AS
• Neutral Sentiment: Questions about financing and drilling capacity have emerged around a proposed large Venezuela oil investment. The uncertainty could affect expectations for future industry activity, but the report does not identify a direct impact on Halliburton. Questions Mount Over Venezuela’s Biggest Oil Deal
• Negative Sentiment: A report said Halliburton’s winning streak ended as investors took profits following the post-Q3 advance. This points to near-term selling pressure rather than a newly reported deterioration in the company’s results. Halliburton ends winning streak post-Q3 as profit-taking hits shares

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HAL shares. Susquehanna lowered their target price on Halliburton from $45.00 to $42.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. UBS Group cut their price target on Halliburton from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, October 22nd. Wolfe Research initiated coverage on shares of Halliburton in a research report on Wednesday, July 8th. They set a “peer perform” rating for the company. BMO Capital Markets set a $37.00 price target on shares of Halliburton in a research report on Wednesday, July 22nd. Finally, Freedom Broker upgraded shares of Halliburton from a “hold” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $40.00 in a research note on Thursday, October 22nd. Eighteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.86.

Halliburton Trading Down 1.5%

Shares of HAL stock opened at $34.08 on Wednesday. Halliburton Company has a 1 year low of $24.92 and a 1 year high of $43.59. The firm has a fifty day moving average price of $34.24 and a 200-day moving average price of $35.76. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.02 and a quick ratio of 1.48. The company has a market cap of $28.19 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 2.00 and a beta of 0.76.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, October 20th. The oilfield services company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. Halliburton had a return on equity of 18.36% and a net margin of 8.90%. The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.58 billion. During the same period in the prior year, the business posted $0.58 EPS. Halliburton’s revenue was up 1.8% on a year-over-year basis. As a group, equities analysts predict that Halliburton Company will post 2.33 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, September 2nd. Halliburton’s payout ratio is currently 28.45%.

Insider Transactions at Halliburton

In other Halliburton news, COO Jeffrey Slocum sold 52,572 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the sale, the chief operating officer owned 118,730 shares in the company, valued at $4,166,235.70. This represents a 30.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.57% of the company’s stock.

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.