Liontrust Investment Partners LLP Takes Position in Halliburton Company $HAL

Liontrust Investment Partners LLP bought a new position in shares of Halliburton Company (NYSE:HAL) during the first quarter, HoldingsChannel reports. The fund bought 151,088 shares of the oilfield services company’s stock, valued at approximately $5,891,000.

A number of other institutional investors have also modified their holdings of HAL. Newbridge Financial Services Group Inc. purchased a new position in Halliburton during the 2nd quarter worth $25,000. Kelleher Financial Advisors purchased a new stake in shares of Halliburton in the third quarter valued at about $25,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of Halliburton during the fourth quarter worth about $25,000. Zions Bancorporation National Association UT boosted its stake in shares of Halliburton by 196.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after buying an additional 650 shares during the period. Finally, Strive Asset Management LLC purchased a new position in shares of Halliburton during the third quarter worth about $31,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Stock Up 1.5%

HAL opened at $31.66 on Friday. The business’s fifty day moving average is $36.06 and its two-hundred day moving average is $36.49. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. The company has a market cap of $26.37 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 1.95 and a beta of 0.71. Halliburton Company has a one year low of $20.39 and a one year high of $43.59.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The company had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the prior year, the company earned $0.55 earnings per share. Halliburton’s revenue was up 3.7% compared to the same quarter last year. Analysts anticipate that Halliburton Company will post 2.35 EPS for the current fiscal year.

Halliburton Announces Dividend

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

Insider Activity at Halliburton

In other Halliburton news, CFO Eric Carre sold 24,778 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were 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 directly owned 148,520 shares in the company, valued at approximately $5,330,382.80. This trade represents a 14.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Casey Maxwell sold 20,348 shares of Halliburton stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $41.89, for a total transaction of $852,377.72. Following the transaction, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 243,475 shares of company stock valued at $9,931,490. Insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HAL shares. Jefferies Financial Group restated a “buy” rating and issued a $47.00 price target on shares of Halliburton in a research report on Sunday, April 26th. JPMorgan Chase & Co. increased their price objective on Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 target price (up from $36.00) on shares of Halliburton in a research note on Wednesday, April 22nd. HSBC boosted their target price on Halliburton from $40.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada upped their price target on Halliburton from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Eighteen investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.10.

Key Stories Impacting Halliburton

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

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.