Van ECK Associates Corp Has $155.79 Million Stock Holdings in Halliburton Company $HAL

Van ECK Associates Corp trimmed its position in shares of Halliburton Company (NYSE:HAL) by 27.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,588,866 shares of the oilfield services company’s stock after selling 1,755,845 shares during the quarter. Van ECK Associates Corp owned 0.55% of Halliburton worth $155,792,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HAL. Newbridge Financial Services Group Inc. acquired a new position in Halliburton in the second quarter valued at about $25,000. Kelleher Financial Advisors acquired a new stake in shares of Halliburton during the third quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in shares of Halliburton during the 2nd quarter valued at about $26,000. Kilter Group LLC bought a new position in shares of Halliburton during the 2nd quarter valued at about $26,000. Finally, Zions Bancorporation National Association UT grew its position in shares of Halliburton by 196.4% in the 4th quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock valued at $28,000 after purchasing an additional 650 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Trading Up 2.0%

NYSE:HAL opened at $36.19 on Friday. The company has a market cap of $30.15 billion, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 2.22 and a beta of 0.73. Halliburton Company has a twelve month low of $21.40 and a twelve month high of $43.59. The business has a 50 day moving average price of $33.82 and a two-hundred day moving average price of $36.54. 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 posted its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. As a group, analysts expect that Halliburton Company will post 2.34 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.9%. Halliburton’s dividend payout ratio (DPR) is 35.60%.

Key Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton is reportedly in talks to supply equipment and services for the possible redevelopment of Venezuelan oil fields as U.S. companies discuss multibillion-dollar investments in the country’s energy sector. A successful agreement could create new equipment, drilling and production-service revenue opportunities. Chevron, Other U.S. Firms Near Deal to Invest Billions in Venezuelan Oil Fields
• Positive Sentiment: Halliburton recently won an integrated contract from BP for the first appraisal campaign at the Bumerangue field offshore Brazil. The project includes drilling, evaluation, automation and remote operations, supporting expectations for continued deepwater activity and international revenue growth. Why Halliburton (HAL) Stock Is Up Today
• Positive Sentiment: Call-option activity was unusually strong, with investors buying 25,477 calls—approximately 45% above average volume—indicating increased short-term bullish positioning, though options activity can also amplify volatility.
• Neutral Sentiment: Halliburton is hiring a senior offshore-leasing official from the Trump administration, a move that could strengthen government and regulatory expertise but does not immediately change earnings expectations. Trump’s Head of Offshore Leasing Leaving for Oilfield Services Firm Halliburton
• Negative Sentiment: Reported insider trading was one-sided over the past six months, with multiple executives and directors selling shares and no listed insider purchases. This may weigh on sentiment, although such sales can reflect compensation, diversification or scheduled transactions rather than a change in business outlook.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HAL. Capital One Financial increased their target price on Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Rothschild & Co Redburn upped their price target on shares of Halliburton from $40.00 to $49.00 and gave the company a “buy” rating in a report on Friday, May 15th. Citigroup increased their price objective on shares of Halliburton from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Halliburton in a report on Wednesday, July 8th. Finally, BMO Capital Markets set a $37.00 price objective on shares of Halliburton in a research report on Wednesday, July 22nd. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.10.

Insider Buying and Selling at Halliburton

In other news, COO Jeffrey Shannon Slocum sold 52,572 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total transaction 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 $4,166,235.70. This represents a 30.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the transaction, the chief financial officer owned 148,520 shares of the company’s stock, valued at $5,330,382.80. The trade was a 14.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by insiders.

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.