Danske Bank A S Acquires Shares of 51,499 Halliburton Company $HAL

Danske Bank A S bought a new position in shares of Halliburton Company (NYSE:HAL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 51,499 shares of the oilfield services company’s stock, valued at approximately $1,748,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors raised its holdings in Halliburton by 21.1% in the fourth quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock valued at $3,114,848,000 after acquiring an additional 19,190,520 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Halliburton in the 2nd quarter valued at approximately $2,812,327,000. State Street Corp raised its position in shares of Halliburton by 1.7% during the 4th quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company’s stock valued at $1,436,336,000 after acquiring an additional 861,964 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Halliburton by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company’s stock worth $878,806,000 after purchasing an additional 443,064 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Halliburton by 82,596.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock worth $841,339,000 after purchasing an additional 29,735,387 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Key Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton Labs added Electroflow, Osmoses and SiTration to its portfolio. The companies focus on battery materials, gas separation and critical-metal recovery, giving Halliburton exposure to emerging energy technologies and potentially supporting longer-term diversification beyond traditional oilfield services. Halliburton Labs Announces Three New Portfolio Companies
• Positive Sentiment: Halliburton’s latest quarterly results showed modest operational strength: earnings per share exceeded estimates, revenue reached $5.71 billion versus a $5.50 billion consensus, and sales increased 3.7% year over year. Analysts remain broadly constructive, with a consensus “Moderate Buy” rating and an average price target of $43.10, well above recent trading levels. Q2 Rundown: Halliburton Vs Other Oilfield Services Stocks
• Neutral Sentiment: Recent options-market activity has drawn attention to the possibility of a larger move in HAL, but the available report does not establish whether traders are positioned for a rise or decline. The activity mainly signals increased volatility expectations. Are Options Traders Betting on a Big Move in Halliburton Stock?
• Negative Sentiment: COO Jeffrey Shannon Slocum sold 52,572 shares worth approximately $1.84 million, reducing his direct ownership by 30.69%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which makes it a weaker bearish signal, but the size of the sale may still weigh on sentiment.
• Negative Sentiment: Although Halliburton beat quarterly estimates, EPS was unchanged from the year-earlier period, and analysts have recently lowered several price targets. That combination suggests expectations for near-term oilfield-services growth remain restrained despite the company’s longer-term opportunities.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HAL. Susquehanna dropped their price objective on shares of Halliburton from $45.00 to $42.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. Morgan Stanley lowered their target price on Halliburton from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Piper Sandler upgraded Halliburton from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $43.00 in a research report on Tuesday, July 14th. Jefferies Financial Group reissued a “buy” rating and issued a $47.00 price target on shares of Halliburton in a research note on Sunday, April 26th. Finally, BMO Capital Markets set a $37.00 price objective on shares of Halliburton in a research note on Wednesday, July 22nd. 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. Based on data from MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and a consensus target price of $43.10.

Halliburton Trading Down 0.9%

Shares of NYSE HAL opened at $35.38 on Friday. The business has a fifty day simple moving average of $33.95 and a 200-day simple moving average of $36.50. The company has a market cap of $29.48 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 2.23 and a beta of 0.73. Halliburton Company has a 12 month low of $21.40 and a 12 month 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 posted its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $5.71 billion during 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 business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 earnings per share. Sell-side analysts predict that Halliburton Company will post 2.34 EPS for the current year.

Insider Buying and Selling at Halliburton

In other news, COO Jeffrey Shannon Slocum sold 52,572 shares of Halliburton stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction 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. The trade was a 30.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the 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. 0.57% of the stock is owned by insiders.

Halliburton Company 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.