The Manufacturers Life Insurance Company Acquires Shares of 553,347 Halliburton Company $HAL

The Manufacturers Life Insurance Company acquired a new stake in Halliburton Company (NYSE:HAL) in the second quarter, HoldingsChannel.com reports. The fund acquired 553,347 shares of the oilfield services company’s stock, valued at approximately $18,786,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Fiduciary Financial Advisors acquired a new position in shares of Halliburton during the 2nd quarter worth approximately $53,000. Manning & Napier Advisors LLC bought a new stake in Halliburton in the 2nd quarter valued at $1,007,000. L2 Asset Management LLC acquired a new stake in Halliburton during the 2nd quarter valued at $6,443,000. Algert Global LLC acquired a new stake in Halliburton during the 2nd quarter valued at $529,000. Finally, Cibc World Market Inc. bought a new position in Halliburton during the second quarter worth $17,802,000. 85.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Jeffrey Shannon Slocum sold 52,572 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the transaction, the chief financial officer directly owned 148,520 shares of the company’s stock, valued at approximately $5,330,382.80. This represents a 14.30% 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. 0.57% of the stock is currently owned by insiders.

Halliburton Stock Up 2.0%

HAL stock opened at $36.19 on Friday. The company has a market cap of $30.15 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 2.22 and a beta of 0.73. The business has a 50-day simple moving average of $33.82 and a 200 day simple moving average of $36.54. Halliburton Company has a 52 week low of $21.40 and a 52 week high of $43.59. 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 released its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 earnings per share. Sell-side analysts anticipate that Halliburton Company will post 2.34 EPS for the current fiscal year.

Halliburton Dividend Announcement

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

Analyst Upgrades and Downgrades

HAL has been the topic of several research reports. Piper Sandler upgraded shares of Halliburton from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $43.00 in a report on Tuesday, July 14th. TD Cowen cut their target price on shares of Halliburton from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Capital One Financial lifted their target price on shares of Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. UBS Group lowered their price target on shares of Halliburton from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Finally, Citigroup increased their price target on shares of Halliburton from $47.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Eighteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.10.

Trending Headlines about Halliburton

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.

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.