TD Waterhouse Canada Inc. Lowers Stake in Halliburton Company $HAL

TD Waterhouse Canada Inc. reduced its stake in shares of Halliburton Company (NYSE:HAL) by 22.3% in the fourth quarter, Holdings Channel reports. The firm owned 102,381 shares of the oilfield services company’s stock after selling 29,328 shares during the period. TD Waterhouse Canada Inc.’s holdings in Halliburton were worth $2,892,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Krilogy Financial LLC boosted its stake in shares of Halliburton by 26.2% during the fourth quarter. Krilogy Financial LLC now owns 18,165 shares of the oilfield services company’s stock valued at $513,000 after purchasing an additional 3,773 shares during the period. First Horizon Corp boosted its stake in shares of Halliburton by 4.7% during the fourth quarter. First Horizon Corp now owns 17,776 shares of the oilfield services company’s stock valued at $502,000 after purchasing an additional 800 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Halliburton by 4.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 48,852 shares of the oilfield services company’s stock valued at $1,381,000 after purchasing an additional 1,867 shares during the period. Fractal Investments LLC purchased a new stake in shares of Halliburton during the fourth quarter valued at $203,000. Finally, Merit Financial Group LLC boosted its stake in shares of Halliburton by 18.7% during the fourth quarter. Merit Financial Group LLC now owns 64,374 shares of the oilfield services company’s stock valued at $1,819,000 after purchasing an additional 10,156 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HAL shares. Capital One Financial upped their price objective on shares of Halliburton from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Piper Sandler upped their price objective on shares of Halliburton from $34.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Halliburton in a research note on Friday, February 6th. Griffin Securities raised shares of Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Wednesday. Finally, Argus upped their price objective on shares of Halliburton from $31.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Seventeen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.36.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q1 beat on profits and revenues — HAL reported $0.55 EPS (above consensus) and $5.40B revenue; net income rose to $461M, operating margin expanded and the company generated positive free cash flow while repurchasing stock and paying a dividend. This is the primary driver lifting the stock. BusinessWire: Q1 Results
• Positive Sentiment: Analyst upgrades and higher price targets — multiple firms moved to “buy/overweight” or raised targets (HSBC, Morgan Stanley, JPMorgan, RBC, TD Cowen, Griffin, Stifel), signaling higher near-term earnings confidence and supporting the rally. Investing.com: Upgrades
• Neutral Sentiment: Management outlook — CEO said U.S. oil activity looks to be in the “early innings” of a rebound and a North American drilling ramp-up may be coming; encouraging long-term demand signal but timing remains uncertain for investors. MSN: CEO Comments
• Neutral Sentiment: Commercial moves in Venezuela — Halliburton said it’s discussing commercial terms after recent facility visits; potential upside if business resumes but geopolitics and execution risk make near-term impact uncertain. Reuters: Venezuela Talks
• Negative Sentiment: Iran conflict cost headwind — management flagged higher costs tied to the Iran war and estimated a Q2 EPS impact of roughly $0.07–$0.09 while keeping 2026 capex at ~$1.1B; this creates near-term earnings uncertainty. Seeking Alpha: Conflict Impact
• Negative Sentiment: Valuation/positioning caution — a few analysts warned the stock’s strong rally increases uncertainty and one boutique firm kept a sell stance; that produced some cautious notes amid otherwise constructive analyst action. Seeking Alpha: Downgrade/Warning

Insider Buying and Selling at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 19,618 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $33.82, for a total transaction of $663,480.76. Following the completion of the sale, the executive vice president directly owned 344,535 shares of the company’s stock, valued at approximately $11,652,173.70. This represents a 5.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Margaret Katherine Banks sold 2,600 shares of the stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $34.17, for a total transaction of $88,842.00. Following the sale, the director directly owned 14,043 shares of the company’s stock, valued at approximately $479,849.31. The trade was a 15.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 415,508 shares of company stock valued at $15,291,882. 0.57% of the stock is currently owned by corporate insiders.

Halliburton Stock Up 2.6%

NYSE:HAL opened at $39.13 on Thursday. The firm has a market cap of $32.68 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 1.70 and a beta of 0.68. The company has a 50-day moving average of $36.50 and a 200 day moving average of $31.34. Halliburton Company has a 1-year low of $19.22 and a 1-year high of $41.18. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.51.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.49 by $0.06. 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 company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 earnings per share. As a group, research analysts anticipate that Halliburton Company will post 2.18 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, March 4th. Halliburton’s dividend payout ratio is presently 45.03%.

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.