Illinois Municipal Retirement Fund Acquires New Holdings in Halliburton Company $HAL

Posted by Joseph Griffin on Jul 23rd, 2026

Illinois Municipal Retirement Fund acquired a new position in Halliburton Company (NYSE:HAL – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 29,615 shares of the oilfield services company’s stock, valued at approximately $1,155,000.

Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Halliburton by 82,596.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock valued at $841,339,000 after acquiring an additional 29,735,387 shares during the period. Capital Research Global Investors lifted its stake in shares of Halliburton by 21.1% during the 4th quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock worth $3,114,848,000 after purchasing an additional 19,190,520 shares during the last quarter. Norges Bank purchased a new stake in shares of Halliburton during the 4th quarter worth $169,304,000. Canoe Financial LP bought a new stake in Halliburton during the first quarter valued at about $158,525,000. Finally, AQR Capital Management LLC boosted 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 purchasing an additional 3,969,759 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Price Performance

Shares of NYSE HAL opened at $33.00 on Thursday. Halliburton Company has a fifty-two week low of $20.39 and a fifty-two week high of $43.59. The company has a market cap of $27.57 billion, a PE ratio of 17.28, a P/E/G ratio of 1.53 and a beta of 0.71. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.54 and a current ratio of 2.02. The business has a 50-day simple moving average of $37.28 and a two-hundred day simple moving average of $36.45.

Halliburton (NYSE:HAL – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. The firm had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. As a group, equities analysts expect that Halliburton Company will post 2.36 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.17 per share. 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 is presently 37.36%.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

Positive Sentiment: Halliburton reported Q2 adjusted EPS of $0.55 on revenue of $5.71 billion, both ahead of expectations, with revenue up year over year and strong international demand helping results. Halliburton Announces Second Quarter 2026 Results
Positive Sentiment: The company said international revenue hit a 10-year high and management highlighted margin expansion and confidence in continued growth, which supports the longer-term outlook. Halliburton Tops Estimates as International Demand Strengthens
Positive Sentiment: Halliburton won a multi-year contract from Kuwait Oil Company to help develop the Ahmadi Innovation Valley, adding to its international project momentum. Kuwait Oil Company Awards Long-Term Agreement to Advance Technology Development Ahmadi Innovation Valley
Positive Sentiment: TD Cowen lowered its price target slightly to $47 but kept a buy rating, signaling continued analyst confidence and implying meaningful upside from current levels. Benzinga report on TD Cowen target cut
Neutral Sentiment: Several analysts trimmed forecasts after the Q2 report, but the cuts appear to reflect a more cautious near-term view rather than a change in the company’s underlying profitability or contract wins. Analysts Cut Their Forecasts On Halliburton Following Q2 Results
Negative Sentiment: Investor sentiment was hurt by weaker Middle East activity and management’s warning that regional disruption is pressuring results, with some reports noting the market viewed the revenue outlook as tepid. Reuters report on second-quarter profit rise
Negative Sentiment: Despite beating estimates, shares fell after the earnings release because the improvement was offset by concerns about Middle East operations and a softer short-term outlook for oilfield services demand. Barrons article on stock falling after earnings

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. BMO Capital Markets set a $37.00 target price on shares of Halliburton in a report on Wednesday. Argus raised their price target on shares of Halliburton from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Susquehanna cut their price objective on shares of Halliburton from $45.00 to $42.00 and set a “positive” rating on the stock in a research report on Wednesday, July 8th. Jefferies Financial Group reiterated a “buy” rating and set a $47.00 price objective on shares of Halliburton in a research note on Sunday, April 26th. Finally, Morgan Stanley decreased their target price on shares of Halliburton from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday. Eighteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.38.

View Our Latest Stock Report on Halliburton

Insider Buying and Selling at Halliburton

In other news, Director Tobi M. Young sold 6,125 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $41.72, for a total transaction of $255,535.00. Following the sale, the director directly owned 15,250 shares of the company’s stock, valued at $636,230. The trade was a 28.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric Carre sold 24,778 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total value 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. The trade was a 14.30% decrease in their ownership of the stock. 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 have sold a total of 258,255 shares of company stock worth $10,550,535 in the last three months. 0.57% of the stock is owned by company insiders.

Halliburton Profile

(Free Report)

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.