Public Employees Retirement System of Ohio Buys Shares of 383,563 Halliburton Company $HAL

Public Employees Retirement System of Ohio bought a new position in shares of Halliburton Company (NYSE:HAL) during the 2nd quarter, Holdings Channel reports. The fund bought 383,563 shares of the oilfield services company’s stock, valued at approximately $13,022,000.

A number of other large investors have also made changes to their positions in the stock. Kelleher Financial Advisors acquired a new stake in shares of Halliburton in the third quarter valued at about $25,000. Newbridge Financial Services Group Inc. purchased a new stake in Halliburton during the second quarter worth about $25,000. Kilter Group LLC acquired a new position in Halliburton during the second quarter worth about $26,000. Meeder Asset Management Inc. acquired a new position in Halliburton during the second quarter worth about $26,000. Finally, Silvant Capital Management LLC purchased a new position in Halliburton in the second quarter valued at about $28,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Halliburton from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Morgan Stanley dropped their price objective on Halliburton from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Rothschild & Co Redburn lifted their price objective on Halliburton from $40.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Evercore reaffirmed an “outperform” rating and set a $43.00 price objective on shares of Halliburton in a report on Wednesday, July 22nd. Finally, Capital One Financial boosted their target price on Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Eighteen 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 company presently has an average rating of “Moderate Buy” and an average price target of $43.10.

Halliburton Stock Performance

Shares of HAL opened at $36.19 on Monday. Halliburton Company has a 12-month low of $21.40 and a 12-month high of $43.59. The stock has a market cap of $30.15 billion, a P/E ratio of 18.95, a PEG ratio of 2.27 and a beta of 0.73. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average of $33.82 and a two-hundred day moving average of $36.55.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The business had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same period in the prior year, the business earned $0.55 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, research analysts predict that Halliburton Company will post 2.34 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, September 2nd. Halliburton’s dividend payout ratio is 35.60%.

Halliburton News Roundup

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.

Insiders Place Their Bets

In other news, COO Jeffrey Shannon Slocum sold 52,572 shares of the business’s 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 transaction, the chief operating officer directly owned 118,730 shares of the company’s stock, valued at $4,166,235.70. The trade was a 30.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the sale, the chief financial officer owned 148,520 shares in the company, valued at $5,330,382.80. This represents a 14.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by corporate insiders.

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.