Chesapeake Capital Corp IL Acquires New Shares in Halliburton Company $HAL

Chesapeake Capital Corp IL acquired a new stake in Halliburton Company (NYSE:HAL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,181 shares of the oilfield services company’s stock, valued at approximately $457,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Clearstead Trust LLC boosted its stake in Halliburton by 7.4% in the 3rd quarter. Clearstead Trust LLC now owns 5,370 shares of the oilfield services company’s stock worth $132,000 after purchasing an additional 370 shares during the period. Angeles Wealth Management LLC boosted its stake in Halliburton by 3.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 11,320 shares of the oilfield services company’s stock worth $278,000 after purchasing an additional 392 shares during the period. Greenleaf Trust boosted its stake in Halliburton by 2.4% in the 4th quarter. Greenleaf Trust now owns 16,789 shares of the oilfield services company’s stock worth $474,000 after purchasing an additional 399 shares during the period. True Wealth Design LLC boosted its stake in Halliburton by 21.0% in the 4th quarter. True Wealth Design LLC now owns 2,434 shares of the oilfield services company’s stock worth $69,000 after purchasing an additional 423 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in Halliburton by 22.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,369 shares of the oilfield services company’s stock worth $58,000 after purchasing an additional 431 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HAL. Evercore raised shares of Halliburton from an “in-line” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Friday, March 20th. Citigroup upped their target price on shares of Halliburton from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Wall Street Zen lowered shares of Halliburton from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 3rd. Susquehanna upped their target price on shares of Halliburton from $40.00 to $45.00 and gave the stock a “positive” rating in a research note on Tuesday, April 7th. Finally, Barclays raised shares of Halliburton from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $37.00 to $55.00 in a research note on Thursday. Eighteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $41.91.

Halliburton Trading Up 1.9%

Shares of NYSE:HAL opened at $39.84 on Friday. Halliburton Company has a 52-week low of $19.38 and a 52-week high of $42.46. The company has a market capitalization of $33.29 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 1.71 and a beta of 0.73. The company has a 50-day simple moving average of $37.58 and a 200 day simple moving average of $32.52. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. Halliburton’s revenue was down .3% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. Sell-side analysts forecast that Halliburton Company will post 2.32 earnings per share for the current year.

Halliburton Announces Dividend

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

Insider Transactions at Halliburton

In other Halliburton news, Director Tobi M. Young sold 6,125 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $41.72, for a total value of $255,535.00. Following the transaction, the director directly owned 15,250 shares of the company’s stock, valued at $636,230. This represents a 28.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy Mckeon sold 8,655 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $42.00, for a total transaction of $363,510.00. Following the completion of the transaction, the vice president directly owned 72,976 shares in the company, valued at approximately $3,064,992. This represents a 10.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 222,488 shares of company stock worth $8,789,305. 0.57% of the stock is currently owned by insiders.

Halliburton News Roundup

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Barclays upgraded Halliburton to overweight and raised its price target to $55, signaling stronger confidence in the company’s upside. Barclays upgrade coverage
• Positive Sentiment: Broader analyst sentiment has improved, with multiple firms raising price targets and Halliburton’s latest earnings topping expectations.
• Neutral Sentiment: An insider sold 20,348 shares, but the transaction was made under a pre-arranged trading plan, making it less likely to reflect a negative change in the company’s outlook. Insider sale details
• Neutral Sentiment: New articles highlighting Halliburton’s trend status and valuation story reflect renewed market attention rather than a specific company event. Wall Street bullish or bearish 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.