Northwestern Mutual Wealth Management Co. Purchases New Shares in Halliburton Company $HAL

Northwestern Mutual Wealth Management Co. purchased a new position in shares of Halliburton Company (NYSE:HAL) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 136,889 shares of the oilfield services company’s stock, valued at approximately $4,647,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in Halliburton in the 2nd quarter valued at about $10,746,000. Evolve Private Wealth LLC bought a new position in shares of Halliburton in the second quarter worth about $721,000. Martin & Co. Inc. TN bought a new position in shares of Halliburton in the second quarter worth about $5,613,000. Sumitomo Life Insurance Co. acquired a new position in shares of Halliburton during the second quarter worth approximately $289,000. Finally, Korea Investment CORP acquired a new position in shares of Halliburton during the second quarter worth approximately $26,345,000. Institutional investors own 85.23% of the company’s stock.

Trending Headlines about Halliburton

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 Upgrades and Downgrades

A number of analysts recently weighed in on HAL shares. UBS Group lowered their price target on shares of Halliburton from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Evercore reaffirmed an “outperform” rating and set a $43.00 price objective on shares of Halliburton in a report on Wednesday, July 22nd. Piper Sandler upgraded Halliburton from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $43.00 in a research report on Tuesday, July 14th. Argus decreased their price objective on Halliburton from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Finally, Capital One Financial lifted their target price on Halliburton from $41.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Eighteen equities 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.10.

Halliburton Stock Up 0.1%

Shares of NYSE HAL opened at $35.38 on Monday. Halliburton Company has a 1 year low of $21.40 and a 1 year high of $43.59. The firm’s 50-day moving average is $33.95 and its 200-day moving average is $36.53. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $29.48 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 2.21 and a beta of 0.73.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping 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 business had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the firm posted $0.55 earnings per share. Halliburton’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts expect that Halliburton Company will post 2.34 EPS for the current year.

Insider Buying and Selling

In other Halliburton 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 transaction of $889,282.42. Following the completion of the sale, the chief financial officer owned 148,520 shares in the company, valued at approximately $5,330,382.80. The trade was a 14.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 shares were sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the transaction, the chief operating officer directly owned 118,730 shares in the company, valued at approximately $4,166,235.70. This trade 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 currently owned by company insiders.

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.