Bull Harbor Capital LLC Purchases New Shares in Halliburton Company $HAL

Bull Harbor Capital LLC purchased a new position in shares of Halliburton Company (NYSE:HAL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,726 shares of the oilfield services company’s stock, valued at approximately $769,000.

Other institutional investors have also recently bought and sold shares of the company. Arkadios Wealth Advisors grew its position in shares of Halliburton by 102.2% during the 1st quarter. Arkadios Wealth Advisors now owns 87,239 shares of the oilfield services company’s stock worth $3,401,000 after purchasing an additional 44,092 shares in the last quarter. Opal Capital LLC acquired a new stake in shares of Halliburton in the first quarter valued at approximately $1,246,000. Amundi boosted its stake in shares of Halliburton by 28.2% in the first quarter. Amundi now owns 6,633,231 shares of the oilfield services company’s stock valued at $258,630,000 after buying an additional 1,457,773 shares during the period. EverSource Wealth Advisors LLC grew its position in Halliburton by 22.4% during the first quarter. EverSource Wealth Advisors LLC now owns 57,789 shares of the oilfield services company’s stock worth $2,253,000 after buying an additional 10,593 shares in the last quarter. Finally, Empire Financial Management Company LLC increased its stake in Halliburton by 2.7% during the 1st quarter. Empire Financial Management Company LLC now owns 80,705 shares of the oilfield services company’s stock worth $3,147,000 after acquiring an additional 2,101 shares during the period. Institutional investors own 85.23% of the company’s stock.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton signed a non-binding memorandum of understanding with Beetaloo Energy to help advance a proposed gas-to-power project linked to an artificial-intelligence data center in Australia’s Northern Territory. The potential work could involve Halliburton supporting gas development and a natural-gas power plant, creating exposure to rising energy demand from data centers. Reuters article
• Positive Sentiment: The Beetaloo agreement expands Halliburton’s potential role beyond traditional oilfield services into gas infrastructure supporting AI-related electricity demand. However, the agreement is preliminary and does not yet represent a firm contract or meaningful near-term revenue contribution. Beetaloo Energy MOU article
• Neutral Sentiment: Positive results from oilfield-equipment peer NOV and strong production at Expand Energy suggest some resilience across the broader energy-services and production markets. Nevertheless, these companies’ results have limited direct impact on Halliburton’s earnings. NOV earnings article
• Negative Sentiment: UBS said Halliburton’s softer third-quarter guidance is weighing on the stock. The cautious outlook raises concerns about near-term earnings momentum despite Halliburton’s recent quarterly earnings and revenue beat, leaving investors focused on weaker operating conditions and the timing of any recovery. Halliburton soft Q3 guidance article

Halliburton Price Performance

HAL stock opened at $31.66 on Friday. The stock has a market cap of $26.37 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 1.95 and a beta of 0.71. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.50. The company has a 50 day simple moving average of $36.06 and a 200 day simple moving average of $36.49. Halliburton Company has a 1 year low of $20.39 and a 1 year high of $43.59.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share. Research analysts anticipate that Halliburton Company will post 2.35 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. Halliburton’s payout ratio is currently 35.60%.

Insider Buying and Selling

In related news, EVP Van H. Beckwith sold 198,349 shares of Halliburton stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the sale, the executive vice president directly owned 146,186 shares in the company, valued at $6,036,019.94. This trade represents a 57.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 Halliburton stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total transaction of $889,282.42. Following the transaction, the chief financial officer owned 148,520 shares in the company, valued at approximately $5,330,382.80. This trade represents 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. Insiders have sold 243,475 shares of company stock worth $9,931,490 in the last 90 days. Insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HAL. Wall Street Zen downgraded Halliburton from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. UBS Group dropped their price target on Halliburton from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday. Argus cut their price objective on shares of Halliburton from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Halliburton in a research note on Wednesday, July 8th. Finally, TD Cowen decreased their target price on shares of Halliburton from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Eighteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.10.

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.