KLP Kapitalforvaltning AS Has $10.91 Million Stock Position in Halliburton Company $HAL

KLP Kapitalforvaltning AS boosted its stake in shares of Halliburton Company (NYSE:HAL) by 7.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 386,143 shares of the oilfield services company’s stock after buying an additional 25,200 shares during the period. KLP Kapitalforvaltning AS’s holdings in Halliburton were worth $10,912,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Clearstead Trust LLC raised its holdings in Halliburton by 7.4% during the 3rd quarter. Clearstead Trust LLC now owns 5,370 shares of the oilfield services company’s stock worth $132,000 after buying an additional 370 shares during the period. Angeles Wealth Management LLC raised its holdings in shares of Halliburton by 3.6% in the third quarter. Angeles Wealth Management LLC now owns 11,320 shares of the oilfield services company’s stock valued at $278,000 after purchasing an additional 392 shares during the last quarter. Greenleaf Trust raised its holdings in shares of Halliburton by 2.4% in the fourth quarter. Greenleaf Trust now owns 16,789 shares of the oilfield services company’s stock valued at $474,000 after purchasing an additional 399 shares during the last quarter. True Wealth Design LLC raised its holdings in shares of Halliburton by 21.0% in the fourth quarter. True Wealth Design LLC now owns 2,434 shares of the oilfield services company’s stock valued at $69,000 after purchasing an additional 423 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Halliburton by 22.2% in the third quarter. Parkside Financial Bank & Trust now owns 2,369 shares of the oilfield services company’s stock valued at $58,000 after purchasing an additional 431 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Price Performance

NYSE:HAL opened at $39.65 on Friday. Halliburton Company has a 1-year low of $19.22 and a 1-year high of $41.18. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $36.61 and a 200 day simple moving average of $31.40. The stock has a market capitalization of $33.11 billion, a PE ratio of 21.78, a P/E/G ratio of 1.73 and a beta of 0.68.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The business had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.37 billion. During the same period last year, the business earned $0.60 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. On average, research analysts expect that Halliburton Company will post 2.19 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. Halliburton’s dividend payout ratio (DPR) is currently 37.36%.

Halliburton News Roundup

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q1 results beat expectations — EPS topped consensus and margins improved on international strength, supporting the bullish narrative. Halliburton Q1 beats expectations
• Positive Sentiment: Multiple broker upgrades and price?target raises (examples: TD Cowen, Citigroup, Argus, HSBC, RBC, Morgan Stanley, JPMorgan, Stifel, Griffin) are lifting investor sentiment and implied upside. Analyst upgrades after Q1
• Positive Sentiment: Management commentary: CEO says U.S. oil is in the “early innings” of a rebound and that a drilling ramp?up is coming — reinforcing expectations for higher activity and service demand. CEO comments on rebound
• Positive Sentiment: Index/sector positioning: Halliburton is getting more spotlight in Russell 1000 energy reweighting, which can support demand from passive/ETF flows. Russell 1000 spotlight
• Neutral Sentiment: Longer?term industry backdrop: reports project mid-single?digit CAGR growth for oilfield services over the next decade — positive for structural demand but not an immediate catalyst. Oilfield services market forecast
• Neutral Sentiment: Analyst consensus remains around a “moderate buy” — broad support but not unanimous, so momentum depends on future execution and guidance. Consensus analyst recommendation
• Negative Sentiment: Company warned of higher costs tied to the Iran war, which could pressure margins and offset some upside from stronger activity. Higher costs from Iran war
• Negative Sentiment: Some cautionary notes and downgrades (e.g., Seeking Alpha analysis, a sell rating from Zephirin, Barclays’ equal?weight) signal rising uncertainty and profit?taking risk after the recent rally. Downgrade/uncertainty note

Insiders Place Their Bets

In related news, CEO Jeffrey Allen Miller sold 158,455 shares of the firm’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of $40.00, for a total value of $6,338,200.00. Following the completion of the transaction, the chief executive officer directly owned 1,013,027 shares of the company’s stock, valued at approximately $40,521,080. This trade represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Van H. Beckwith sold 19,618 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $33.82, for a total transaction of $663,480.76. Following the completion of the transaction, the executive vice president directly owned 344,535 shares of the company’s stock, valued at $11,652,173.70. This represents a 5.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 189,960 shares of company stock valued at $7,406,724 in the last ninety days. 0.57% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of recent research reports. Capital One Financial lifted their price objective on shares of Halliburton from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Argus lifted their price objective on shares of Halliburton from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group lifted their price objective on shares of Halliburton from $40.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Citigroup lifted their price objective on shares of Halliburton from $45.00 to $47.00 and gave the company a “buy” rating in a report on Thursday. Finally, Barclays lifted their price objective on shares of Halliburton from $29.00 to $37.00 and gave the company an “equal weight” rating in a report on Wednesday. Seventeen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and an average target price of $40.73.

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.