51,499 Shares in Halliburton Company $HAL Purchased by Danske Bank A S

Danske Bank A S acquired a new stake in shares of Halliburton Company (NYSE:HAL) during the second quarter, HoldingsChannel reports. The firm acquired 51,499 shares of the oilfield services company’s stock, valued at approximately $1,748,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kelleher Financial Advisors acquired a new stake in Halliburton during the third quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. acquired a new stake in Halliburton in the 2nd quarter valued at $25,000. Meeder Asset Management Inc. bought a new stake in Halliburton in the second quarter valued at $26,000. Zions Bancorporation National Association UT raised its stake in 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 acquiring an additional 650 shares in the last quarter. Finally, Matrix Trust Co bought a new position in shares of Halliburton during the second quarter valued at $29,000. 85.23% of the stock is owned by institutional investors.

Halliburton Stock Down 0.9%

Shares of Halliburton stock opened at $35.38 on Friday. The stock has a market cap of $29.48 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 2.23 and a beta of 0.73. The business has a fifty day simple moving average of $33.95 and a 200 day simple moving average of $36.50. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. Halliburton Company has a 12 month low of $21.40 and a 12 month high of $43.59.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 earnings per share. Research analysts predict that Halliburton Company will post 2.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HAL shares. TD Cowen reduced their price target on shares of Halliburton from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Wolfe Research began coverage on Halliburton in a report on Wednesday, July 8th. They issued a “peer perform” rating on the stock. BMO Capital Markets set a $37.00 price target on Halliburton in a research report on Wednesday, July 22nd. Evercore reiterated an “outperform” rating and issued a $43.00 price objective on shares of Halliburton in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Halliburton in a research note on Wednesday, July 8th. Eighteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.10.

Trending Headlines about Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton Labs added Electroflow, Osmoses and SiTration to its portfolio. The companies focus on battery materials, gas separation and critical-metal recovery, giving Halliburton exposure to emerging energy technologies and potentially supporting longer-term diversification beyond traditional oilfield services. Halliburton Labs Announces Three New Portfolio Companies
• Positive Sentiment: Halliburton’s latest quarterly results showed modest operational strength: earnings per share exceeded estimates, revenue reached $5.71 billion versus a $5.50 billion consensus, and sales increased 3.7% year over year. Analysts remain broadly constructive, with a consensus “Moderate Buy” rating and an average price target of $43.10, well above recent trading levels. Q2 Rundown: Halliburton Vs Other Oilfield Services Stocks
• Neutral Sentiment: Recent options-market activity has drawn attention to the possibility of a larger move in HAL, but the available report does not establish whether traders are positioned for a rise or decline. The activity mainly signals increased volatility expectations. Are Options Traders Betting on a Big Move in Halliburton Stock?
• Negative Sentiment: COO Jeffrey Shannon Slocum sold 52,572 shares worth approximately $1.84 million, reducing his direct ownership by 30.69%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which makes it a weaker bearish signal, but the size of the sale may still weigh on sentiment.
• Negative Sentiment: Although Halliburton beat quarterly estimates, EPS was unchanged from the year-earlier period, and analysts have recently lowered several price targets. That combination suggests expectations for near-term oilfield-services growth remain restrained despite the company’s longer-term opportunities.

Insiders Place Their Bets

In other news, COO Jeffrey Shannon Slocum sold 52,572 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the sale, the chief operating officer owned 118,730 shares in the company, valued at $4,166,235.70. This represents a 30.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the 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 $5,330,382.80. The trade was a 14.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by company insiders.

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.