Bull Harbor Capital LLC Purchases Shares of 19,726 Halliburton Company $HAL

Bull Harbor Capital LLC purchased a new position in shares of Halliburton Company (NYSE:HAL) in the first quarter, HoldingsChannel.com reports. The firm purchased 19,726 shares of the oilfield services company’s stock, valued at approximately $769,000.

Several other hedge funds have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of Halliburton by 82,596.0% during 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 purchasing an additional 29,735,387 shares in the last quarter. Capital Research Global Investors increased its holdings in Halliburton by 21.1% in the fourth 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 in the last quarter. Norges Bank acquired a new position in Halliburton in the fourth quarter valued at approximately $169,304,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Halliburton by 12,413.2% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,163,259 shares of the oilfield services company’s stock valued at $162,325,000 after buying an additional 4,129,988 shares during the period. Finally, Canoe Financial LP acquired a new position in Halliburton in the first quarter valued at approximately $158,525,000. 85.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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 transaction, the chief financial officer directly owned 148,520 shares of the company’s stock, valued at $5,330,382.80. This trade represents a 14.30% decrease in their ownership of the stock. 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, insider Michael Casey Maxwell sold 20,348 shares of the business’s 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 in the company, valued at approximately $3,927,732.07. This trade represents a 17.83% 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 243,475 shares of company stock worth $9,931,490. 0.57% of the stock is owned by corporate insiders.

Halliburton News Roundup

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

Analysts Set New Price Targets

Several analysts have recently commented on HAL shares. Susquehanna reduced their price objective on shares of Halliburton from $45.00 to $42.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th. Royal Bank Of Canada boosted their target price on shares of Halliburton from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Piper Sandler raised shares of Halliburton from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $43.00 in a research note on Tuesday, July 14th. Wolfe Research started coverage on shares of Halliburton in a report on Wednesday, July 8th. They issued a “peer perform” rating for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $43.00 price target (up from $36.00) on shares of Halliburton 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.com, Halliburton has an average rating of “Moderate Buy” and a consensus price target of $43.10.

Halliburton Stock Performance

NYSE HAL opened at $31.66 on Friday. The company has a market cap of $26.37 billion, a P/E ratio of 16.57, a PEG ratio of 1.95 and a beta of 0.71. The company has a fifty day simple moving average of $36.06 and a 200 day simple moving average of $36.49. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64. Halliburton Company has a 12-month low of $20.39 and a 12-month high of $43.59.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The firm had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. Sell-side analysts predict that Halliburton Company will post 2.35 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

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

About Halliburton

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.