Halliburton Company $HAL Shares Acquired by Kentucky Retirement Systems

Kentucky Retirement Systems raised its holdings in shares of Halliburton Company (NYSE:HAL) by 30.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,031 shares of the oilfield services company’s stock after buying an additional 16,207 shares during the period. Kentucky Retirement Systems’ holdings in Halliburton were worth $2,731,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nvest Wealth Strategies Inc. bought a new position in shares of Halliburton in the fourth quarter valued at $25,000. Zions Bancorporation National Association UT lifted its position in shares of Halliburton by 196.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock valued at $28,000 after acquiring an additional 650 shares during the last quarter. Hoey Investments Inc. bought a new stake in shares of Halliburton during the 1st quarter worth $39,000. Kelleher Financial Advisors bought a new stake in shares of Halliburton during the 3rd quarter worth $25,000. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Halliburton by 6,364.7% in the 1st quarter. Raleigh Capital Management Inc. now owns 1,099 shares of the oilfield services company’s stock worth $43,000 after acquiring an additional 1,082 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 24,778 shares of Halliburton stock in a transaction dated 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 of the company’s stock, valued at $5,330,382.80. The trade was a 14.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Van H. Beckwith sold 198,349 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $41.29, for a total value of $8,189,830.21. Following the completion of the transaction, the executive vice president owned 146,186 shares in the company, valued at $6,036,019.94. This represents a 57.57% decrease in their position. 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. Insiders have sold a total of 243,475 shares of company stock valued at $9,931,490 in the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Halliburton Price Performance

HAL opened at $31.66 on Friday. The firm has a market capitalization of $26.37 billion, a P/E ratio of 16.57, a PEG ratio of 1.95 and a beta of 0.71. The stock has a fifty day moving average of $36.06 and a 200-day moving average of $36.49. 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 Company has a 12-month low of $20.39 and a 12-month high of $43.59.

Halliburton (NYSE:HAL) last issued its quarterly 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 business had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.Halliburton’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. Equities analysts forecast that Halliburton Company will post 2.35 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders 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 dividend payout ratio (DPR) is presently 35.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HAL shares. 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. Freedom Capital upgraded Halliburton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. BMO Capital Markets set a $37.00 price target on Halliburton in a research note on Wednesday, July 22nd. Stifel Nicolaus restated a “buy” rating and set a $43.00 price objective (up from $36.00) on shares of Halliburton in a report on Wednesday, April 22nd. Finally, TD Cowen reduced their price objective 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. Eighteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.10.

More Halliburton News

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

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.