Vise Technologies Inc. Buys Shares of 58,893 Halliburton Company $HAL

Vise Technologies Inc. purchased a new stake in Halliburton Company (NYSE:HAL) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 58,893 shares of the oilfield services company’s stock, valued at approximately $1,999,000.

A number of other hedge funds have also modified their holdings of HAL. Westport Asset Management Inc. purchased a new stake in Halliburton in the 2nd quarter valued at about $117,000. Asahi Life Asset Management CO. LTD. purchased a new position in Halliburton during the second quarter worth about $367,000. MSH Capital Advisors LLC acquired a new stake in shares of Halliburton during the second quarter valued at about $275,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Halliburton during the second quarter valued at about $12,962,000. Finally, Csenge Advisory Group purchased a new stake in shares of Halliburton in the 2nd quarter valued at approximately $415,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton News Roundup

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.

Halliburton Stock Down 0.9%

Shares of HAL opened at $35.38 on Friday. The company’s 50-day simple moving average is $33.95 and its 200-day simple moving average is $36.50. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. Halliburton Company has a 1 year low of $21.40 and a 1 year high of $43.59. The stock has a market capitalization of $29.48 billion, a PE ratio of 18.52, a P/E/G ratio of 2.23 and a beta of 0.73.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share 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 quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share. Analysts forecast that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Eric Carre sold 24,778 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total transaction of $889,282.42. Following the sale, the chief financial officer owned 148,520 shares of the company’s stock, valued at approximately $5,330,382.80. This represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total value of $1,844,751.48. Following the sale, the chief operating officer directly owned 118,730 shares in the company, valued at $4,166,235.70. This represents a 30.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on HAL. Wolfe Research assumed coverage on shares of Halliburton in a report on Wednesday, July 8th. They issued a “peer perform” rating on the stock. Susquehanna dropped their target price on shares of Halliburton from $45.00 to $42.00 and set a “positive” rating for the company in a report on Wednesday, July 8th. Capital One Financial boosted their target price on Halliburton from $41.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. TD Cowen decreased their price target on Halliburton from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Halliburton in a research report on Wednesday, July 8th. Eighteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.10.

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.