Edgestream Partners L.P. Takes $5.84 Million Position in Halliburton Company $HAL

Edgestream Partners L.P. acquired a new position in Halliburton Company (NYSE:HAL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 149,735 shares of the oilfield services company’s stock, valued at approximately $5,838,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Halliburton in the 2nd quarter worth $25,000. Kelleher Financial Advisors purchased a new position in shares of Halliburton during the third quarter valued at $25,000. Nvest Wealth Strategies Inc. purchased a new position in shares of Halliburton during the fourth quarter valued at $25,000. Zions Bancorporation National Association UT raised its holdings in shares of Halliburton by 196.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock valued at $28,000 after acquiring an additional 650 shares in the last quarter. Finally, Strive Asset Management LLC bought a new stake in shares of Halliburton in the third quarter valued at about $31,000. Institutional investors own 85.23% of the company’s stock.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton signed a non-binding memorandum of understanding with Beetaloo Energy to help advance a proposed gas-to-power project linked to an artificial-intelligence data center in Australia’s Northern Territory. The potential work could involve Halliburton supporting gas development and a natural-gas power plant, creating exposure to rising energy demand from data centers. Reuters article
• Positive Sentiment: The Beetaloo agreement expands Halliburton’s potential role beyond traditional oilfield services into gas infrastructure supporting AI-related electricity demand. However, the agreement is preliminary and does not yet represent a firm contract or meaningful near-term revenue contribution. Beetaloo Energy MOU article
• Neutral Sentiment: Positive results from oilfield-equipment peer NOV and strong production at Expand Energy suggest some resilience across the broader energy-services and production markets. Nevertheless, these companies’ results have limited direct impact on Halliburton’s earnings. NOV earnings article
• Negative Sentiment: UBS said Halliburton’s softer third-quarter guidance is weighing on the stock. The cautious outlook raises concerns about near-term earnings momentum despite Halliburton’s recent quarterly earnings and revenue beat, leaving investors focused on weaker operating conditions and the timing of any recovery. Halliburton soft Q3 guidance article

Insider Buying and Selling

In other Halliburton news, insider Michael Casey Maxwell sold 20,348 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $41.89, for a total transaction of $852,377.72. Following the sale, the insider owned 93,763 shares of the company’s stock, valued at approximately $3,927,732.07. The trade was a 17.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Van H. Beckwith sold 198,349 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the transaction, the executive vice president owned 146,186 shares in the company, valued at $6,036,019.94. The trade was a 57.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 243,475 shares of company stock worth $9,931,490 in the last three months. Corporate insiders own 0.57% of the company’s stock.

Halliburton Trading Up 1.5%

Shares of NYSE:HAL opened at $31.66 on Friday. The business’s 50-day moving average is $36.06 and its 200 day moving average is $36.49. Halliburton Company has a 1 year low of $20.39 and a 1 year high of $43.59. The firm has a market capitalization of $26.37 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.95 and a beta of 0.71. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.50.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company 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 firm’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. On average, research analysts predict that Halliburton Company will post 2.35 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd were paid a $0.17 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. Halliburton’s dividend payout ratio (DPR) is 35.60%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $43.00 target price (up from $36.00) on shares of Halliburton in a report on Wednesday, April 22nd. UBS Group reduced their price target on shares of Halliburton from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Monday. BMO Capital Markets set a $37.00 price target on shares of Halliburton in a research report on Wednesday, July 22nd. Capital One Financial increased their price objective on shares of Halliburton from $41.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Finally, Freedom Capital raised shares of Halliburton from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Eighteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.10.

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.