Harvest Investment Advisors LLC Makes New Investment in Halliburton Company $HAL

Harvest Investment Advisors LLC acquired a new position in Halliburton Company (NYSE:HAL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 66,570 shares of the oilfield services company’s stock, valued at approximately $1,881,000.

A number of other institutional investors have also added to or reduced their stakes in HAL. Captrust Financial Advisors boosted its stake in Halliburton by 13.7% in the fourth quarter. Captrust Financial Advisors now owns 114,050 shares of the oilfield services company’s stock valued at $3,223,000 after acquiring an additional 13,785 shares during the last quarter. Graham Capital Management L.P. purchased a new position in Halliburton in the fourth quarter valued at about $524,000. Magnetar Financial LLC purchased a new position in Halliburton in the fourth quarter valued at about $1,667,000. Aster Capital Management DIFC Ltd purchased a new position in Halliburton in the fourth quarter valued at about $47,000. Finally, Rakuten Investment Management Inc. boosted its stake in Halliburton by 22.9% in the fourth quarter. Rakuten Investment Management Inc. now owns 111,181 shares of the oilfield services company’s stock valued at $3,130,000 after acquiring an additional 20,681 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on HAL. Wall Street Zen cut shares of Halliburton from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 target price (up from $36.00) on shares of Halliburton in a research note on Wednesday, April 22nd. Piper Sandler boosted 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. Susquehanna boosted their target price on shares of Halliburton from $40.00 to $45.00 and gave the company a “positive” rating in a research note on Tuesday, April 7th. Finally, TD Cowen boosted their target price on shares of Halliburton from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.27.

Insiders Place Their Bets

In other news, Director Tobi M. Young sold 6,125 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $41.72, for a total transaction of $255,535.00. Following the completion of the transaction, the director directly owned 15,250 shares of the company’s stock, valued at $636,230. The trade was a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Allen Miller sold 158,455 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $40.00, for a total transaction of $6,338,200.00. Following the transaction, the chief executive officer directly owned 1,013,027 shares of the company’s stock, valued at $40,521,080. The trade was a 13.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 391,932 shares of company stock valued at $15,999,453. 0.57% of the stock is owned by company insiders.

Key Stories Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Recent analyst coverage remains constructive, with multiple firms maintaining bullish ratings and a median price target around $42, suggesting Wall Street still sees upside from current levels. Reference article
• Neutral Sentiment: Commentary this week focused on whether HAL still offers value after a strong one-year run, with the stock still up sharply over the past year and year to date despite the recent pullback. Reference article
• Neutral Sentiment: Halliburton was also included in an industry outlook that highlighted oilfield services companies as facing weaker industry conditions and energy-transition challenges, which reinforces a mixed longer-term backdrop. Reference article
• Negative Sentiment: The stock has fallen as oil prices dropped sharply after news of a U.S.-Iran peace deal, which pressured oilfield services names by raising concerns about drilling and completion demand. Reference article
• Negative Sentiment: Broader market coverage also noted HAL declined even as the market gained, reinforcing that investors are rotating out of energy-linked shares amid softer crude sentiment and profit-taking. Reference article

Halliburton Price Performance

Shares of NYSE:HAL opened at $37.21 on Wednesday. The stock has a market cap of $31.08 billion, a PE ratio of 20.44, a PEG ratio of 1.65 and a beta of 0.69. The company’s fifty day moving average is $39.82 and its 200 day moving average is $35.26. Halliburton Company has a 52 week low of $20.09 and a 52 week high of $43.59. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.65.

Halliburton (NYSE:HAL) last announced 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. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The business had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.37 billion. During the same quarter last year, the firm earned $0.60 EPS. The company’s revenue was down .3% on a year-over-year basis. Research analysts anticipate that Halliburton Company will post 2.34 earnings per share for the current year.

Halliburton Announces Dividend

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

About Halliburton

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.