Halliburton (NYSE:HAL) Price Target Raised to $35.00

Halliburton (NYSE:HAL) had its price objective boosted by JPMorgan Chase & Co. from $30.00 to $35.00 in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the oilfield services company’s stock.

A number of other research firms also recently issued reports on HAL. HSBC set a $30.00 price target on Halliburton and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Citigroup lifted their price objective on Halliburton from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Capital One Financial increased their target price on shares of Halliburton from $25.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank Of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Halliburton in a report on Thursday, January 15th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Halliburton in a research report on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and an average price target of $34.57.

Halliburton Stock Performance

Shares of HAL stock opened at $33.97 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.43 and a current ratio of 2.04. The firm has a market capitalization of $28.59 billion, a price-to-earnings ratio of 22.50 and a beta of 0.78. Halliburton has a one year low of $18.72 and a one year high of $35.55. The company has a 50 day moving average price of $28.97 and a 200 day moving average price of $25.31.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.15. The company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 EPS. Sell-side analysts anticipate that Halliburton will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. Halliburton’s dividend payout ratio (DPR) is currently 45.03%.

Insider Transactions at Halliburton

In other news, EVP Van H. Beckwith sold 8,854 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $27.89, for a total value of $246,938.06. Following the completion of the transaction, the executive vice president directly owned 333,528 shares in the company, valued at approximately $9,302,095.92. This represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Richard sold 160,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the sale, the insider directly owned 452,374 shares of the company’s stock, valued at approximately $12,562,425.98. The trade was a 26.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 268,854 shares of company stock valued at $7,915,138. Corporate insiders own 0.56% of the company’s stock.

Institutional Trading of Halliburton

Hedge funds and other institutional investors have recently modified their holdings of the business. Clearstead Trust LLC grew its stake in Halliburton by 7.4% during the 3rd quarter. Clearstead Trust LLC now owns 5,370 shares of the oilfield services company’s stock valued at $132,000 after purchasing an additional 370 shares in the last quarter. Angeles Wealth Management LLC raised its position in shares of Halliburton by 3.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 11,320 shares of the oilfield services company’s stock valued at $278,000 after purchasing an additional 392 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Halliburton by 2.4% during the 4th quarter. Greenleaf Trust now owns 16,789 shares of the oilfield services company’s stock valued at $474,000 after buying an additional 399 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of Halliburton by 21.0% during the 4th quarter. True Wealth Design LLC now owns 2,434 shares of the oilfield services company’s stock valued at $69,000 after buying an additional 423 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of Halliburton by 22.2% during the third quarter. Parkside Financial Bank & Trust now owns 2,369 shares of the oilfield services company’s stock worth $58,000 after buying an additional 431 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

More Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q4 beat and operational momentum — HAL topped EPS and revenue expectations, with improved margins and management emphasizing capital returns (buybacks/dividends) that support per-share value. MarketBeat: Halliburton Beat Expectations
• Positive Sentiment: Analyst upgrades and price-target raises — multiple firms (TD Cowen, Susquehanna, RBC, BMO, JPMorgan, Evercore, Stifel, Capital One) raised targets or ratings after results, signaling consensus sentiment lift and providing upward price catalysts. Benzinga: Analysts Increase Forecasts
• Positive Sentiment: New strategic initiatives — a $35M Halliburton–A*STAR lab in Singapore targets faster tech-enabled growth in Asia, supporting international revenue diversification and longer-term service/product improvements. SBR: Halliburton, A*STAR $35m lab
• Positive Sentiment: Venezuela opportunity — company comments and hiring activity point to a potential quick re-entry if cleared politically, which could materially expand international revenue. WSJ: Halliburton Prepares to Re-Enter Venezuela
• Neutral Sentiment: Options activity and new highs — large call buying and a 12-month high reflect elevated speculative and institutional interest, but they can amplify short-term volatility. AmericanBankingNews: Investors Buy Calls
• Neutral Sentiment: Macro/sector noise — broader energy-market swings and geopolitics (plus periodic headlines) create background volatility that can mask company fundamentals in the near term. SeeItMarket: Energy Stocks Steady Amid Macro Chaos
• Negative Sentiment: Profit nuance — while EPS beat, net income edged down year-over-year (reported net income decline), highlighting some margin or one-time items that temper the beat. Yahoo: Q4 net income falls 4.2%
• Negative Sentiment: Analyst downgrade — Zephirin Group cut HAL from Buy to Hold and trimmed its target to $28, flagging downside risk and reminding investors not all analysts are convinced upside is sustained. MarketScreener: Zephirin Downgrades HAL

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.