Halliburton Company (NYSE:HAL – Get Free Report) EVP Van Beckwith sold 19,618 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $33.82, for a total value of $663,480.76. Following the sale, the executive vice president directly owned 344,535 shares in the company, valued at approximately $11,652,173.70. This represents a 5.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Halliburton Price Performance
Shares of HAL opened at $35.61 on Wednesday. The stock has a 50 day simple moving average of $34.07 and a 200 day simple moving average of $28.68. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $37.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 2.04. The firm has a market capitalization of $29.83 billion, a PE ratio of 23.58, a P/E/G ratio of 2.03 and a beta of 0.73.
Halliburton (NYSE:HAL – Get Free Report) last issued its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $0.73 earnings per share. Sell-side analysts predict that Halliburton Company will post 2.64 EPS for the current fiscal year.
Halliburton Announces Dividend
Halliburton News Summary
Here are the key news stories impacting Halliburton this week:
- Positive Sentiment: Halliburton helped deliver the industry’s first fully closed‑loop automated geological well placement offshore Guyana, a milestone with ExxonMobil and partners that showcases rig automation, automated subsurface interpretation and real‑time hydraulics — a potential long‑term efficiency and competitiveness boost for Halliburton’s offshore services. ExxonMobil and Halliburton Achieve World’s First Fully Closed-Loop Automated Geological Well Placement in Guyana
- Positive Sentiment: Sector tailwinds: firming crude prices and a rebound in drilling activity are lifting oilfield services peers and boosting expectations for higher utilization and pricing for Halliburton; recent coverage ties the rally to rising oil and contract momentum. Baker Hughes, Halliburton, and Transocean Are All Up 5% — Here’s the Story Behind Each Stock’s Move
- Neutral Sentiment: Analyst landscape and targets are mostly constructive (median ~$35.50) with multiple buy/overweight opinions — this provides support but limits near‑term upside unless guidance or oil dynamics surprise to the upside. Halliburton rises as oil prices firm and investors refocus on drilling-demand tailwinds
- Neutral Sentiment: Recent writeups and market commentary note short‑term outperformance versus the market; helpful for sentiment but not a fundamental catalyst by itself. Halliburton (HAL) Exceeds Market Returns: Some Facts to Consider
- Negative Sentiment: Insider selling: two senior execs (COO Jeffrey Slocum and EVP Van H. Beckwith) sold shares on March 16th — sizable, disclosed sales that can weigh on sentiment even if routine for tax/planned liquidity. SEC filing – Jeffery Shannon Slocum Form 4 SEC filing – Van H. Beckwith Form 4
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the stock. Susquehanna boosted their price objective on shares of Halliburton from $36.00 to $40.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. TD Cowen raised their target price on shares of Halliburton from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Zephirin Group lowered shares of Halliburton from a “buy” rating to a “hold” rating and lowered their price target for the company from $30.00 to $28.00 in a research note on Friday, January 23rd. The Goldman Sachs Group boosted their price target on shares of Halliburton from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, Barclays raised their price objective on Halliburton from $25.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.38.
View Our Latest Stock Analysis on Halliburton
Institutional Investors Weigh In On Halliburton
A number of institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC lifted its holdings in Halliburton by 13.0% during the 4th quarter. Corient Private Wealth LLC now owns 142,423 shares of the oilfield services company’s stock worth $4,026,000 after purchasing an additional 16,380 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Halliburton by 21.2% in the 4th quarter. Hsbc Holdings PLC now owns 2,274,017 shares of the oilfield services company’s stock valued at $64,306,000 after purchasing an additional 397,282 shares during the period. Groupama Asset Managment grew its holdings in Halliburton by 19.9% in the 4th quarter. Groupama Asset Managment now owns 1,941,931 shares of the oilfield services company’s stock valued at $54,879,000 after buying an additional 322,066 shares in the last quarter. Kera Capital Partners Inc. acquired a new position in Halliburton in the 4th quarter valued at $219,000. Finally, MV Capital Management Inc. bought a new position in Halliburton during the 4th quarter worth $33,000. Institutional investors own 85.23% of the company’s stock.
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.
See Also
Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.
