EP Wealth Advisors LLC Invests $825,000 in Halliburton Company $HAL

EP Wealth Advisors LLC purchased a new position in Halliburton Company (NYSE:HAL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 24,309 shares of the oilfield services company’s stock, valued at approximately $825,000.

Several other institutional investors have also bought and sold shares of HAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Halliburton by 7.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock worth $2,353,000 after buying an additional 6,507 shares during the last quarter. Woodline Partners LP lifted its position in shares of Halliburton by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock valued at $1,861,000 after buying an additional 20,583 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Halliburton by 25.0% during the 1st quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock worth $1,320,000 after acquiring an additional 10,408 shares during the period. Intech Investment Management LLC grew its stake in shares of Halliburton by 309.1% during the 1st quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock worth $1,749,000 after acquiring an additional 52,092 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Halliburton in the 1st quarter worth about $895,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton News Summary

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.

Analyst Ratings Changes

HAL has been the topic of a number of research reports. Wall Street Zen upgraded Halliburton from a “hold” rating to a “buy” rating in a research note on Sunday. Rothschild & Co Redburn lifted their target price on shares of Halliburton from $40.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Halliburton in a research report on Wednesday, July 8th. Morgan Stanley dropped their price target on shares of Halliburton from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Finally, Wolfe Research began coverage on shares of Halliburton in a report on Wednesday, July 8th. They issued a “peer perform” rating for the company. Eighteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.10.

Insider Activity at Halliburton

In other news, CFO Eric Carre sold 24,778 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total value of $889,282.42. Following the transaction, 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 document filed with the SEC, 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 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 completion of the sale, the chief operating officer owned 118,730 shares in the company, valued at $4,166,235.70. This trade represents a 30.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.57% of the company’s stock.

Halliburton Trading Up 0.1%

Shares of HAL opened at $35.38 on Monday. The business’s 50-day moving average price is $33.95 and its 200-day moving average price is $36.53. Halliburton Company has a twelve month low of $21.40 and a twelve month high of $43.59. The stock has a market cap of $29.48 billion, a PE ratio of 18.52, a P/E/G ratio of 2.21 and a beta of 0.73. 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 (NYSE:HAL) last released its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The company had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same period last year, the business earned $0.55 earnings per share. Halliburton’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that Halliburton Company will post 2.34 EPS for the current fiscal year.

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.