Halliburton Company $HAL Position Lifted by L2 Asset Management LLC

L2 Asset Management LLC raised its stake in shares of Halliburton Company (NYSE:HAL) by 96.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,980 shares of the oilfield services company’s stock after acquiring an additional 76,186 shares during the quarter. L2 Asset Management LLC’s holdings in Halliburton were worth $4,380,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Halliburton by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock valued at $2,353,000 after acquiring an additional 6,507 shares during the last quarter. Woodline Partners LP boosted its stake in 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 acquiring an additional 20,583 shares during the last quarter. Focus Partners Wealth boosted its stake in Halliburton by 25.0% during the 1st quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock valued at $1,320,000 after acquiring an additional 10,408 shares during the last quarter. Intech Investment Management LLC boosted its stake in Halliburton by 309.1% during the 1st quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock valued at $1,749,000 after acquiring an additional 52,092 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Halliburton during the 1st quarter valued at $895,000. 85.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HAL has been the topic of a number of research reports. Susquehanna increased their target price on shares of Halliburton from $40.00 to $45.00 and gave the stock a “positive” rating in a report on Tuesday, April 7th. Royal Bank Of Canada increased their price objective on shares of Halliburton from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Piper Sandler raised their target price on shares of Halliburton from $34.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Rothschild & Co Redburn raised their target price on shares of Halliburton from $40.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Argus raised their price objective on shares of Halliburton from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Eighteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.27.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Neutral Sentiment: Halliburton was highlighted in an industry outlook as an oilfield services name that may be better positioned than some peers to navigate weaker conditions and energy-transition challenges. Zacks Industry Outlook Highlights Halliburton, TechnipFMC and Weatherford International
• Neutral Sentiment: Analysts still see upside potential for HAL, with recent price targets above the current trading level and a median target around the low $40s, suggesting Wall Street remains constructive despite near-term volatility.
• Neutral Sentiment: Recent coverage framed Halliburton as still having value after its earlier surge, implying some investors are evaluating whether the stock’s prior move left room for further gains. Can Halliburton Still Show Value After Its Surge?
• Negative Sentiment: HAL declined along with other oilfield services stocks as crude prices fell sharply, signaling weaker near-term sentiment for the sector and potentially softer demand expectations for oil services. Why Halliburton (HAL) Stock Is Down Today
• Negative Sentiment: Broader market commentary also showed HAL lagging even as the market gained, reinforcing the view that sector rotation and energy-price weakness are driving the stock lower rather than company-specific news. Halliburton (HAL) Stock Sinks As Market Gains: What You Should Know

Halliburton Stock Performance

Shares of HAL opened at $38.13 on Tuesday. The company has a 50-day moving average of $39.84 and a two-hundred day moving average of $35.18. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54. The stock has a market cap of $31.85 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.71 and a beta of 0.70. Halliburton Company has a one year low of $20.09 and a one year high of $43.59.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.37 billion. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, equities research analysts expect that Halliburton Company will post 2.34 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, June 3rd. Halliburton’s dividend payout ratio is 37.36%.

Insiders Place Their Bets

In other news, insider Michael Casey Maxwell sold 20,348 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $41.89, for a total value of $852,377.72. Following the completion of the sale, the insider directly owned 93,763 shares of the company’s stock, valued at $3,927,732.07. This represents a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Timothy Mckeon sold 8,655 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $42.00, for a total transaction of $363,510.00. Following the completion of the sale, the vice president directly owned 72,976 shares of the company’s stock, valued at $3,064,992. This trade represents a 10.60% 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. Insiders sold 391,932 shares of company stock valued at $15,999,453 over the last ninety days. Insiders own 0.57% of the company’s stock.

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.