Canada Pension Plan Investment Board Takes Position in Halliburton Company $HAL

Canada Pension Plan Investment Board purchased a new stake in Halliburton Company (NYSE:HAL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 842,355 shares of the oilfield services company’s stock, valued at approximately $28,598,000. Canada Pension Plan Investment Board owned 0.10% of Halliburton as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HAL. BlackRock Inc. acquired a new position in shares of Halliburton in the second quarter worth about $2,812,327,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 valued at $841,339,000 after acquiring an additional 29,735,387 shares during the period. Capital Research Global Investors lifted its position in shares of Halliburton by 21.1% in the 4th 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. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Halliburton in the 2nd quarter valued at approximately $345,941,000. Finally, Bank of New York Mellon Corp acquired a new position in Halliburton in the 2nd quarter worth approximately $337,486,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

HAL has been the topic of several recent analyst reports. Evercore reissued an “outperform” rating and set a $43.00 target price on shares of Halliburton in a research note on Wednesday, July 22nd. Morgan Stanley decreased their target price on Halliburton from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. BMO Capital Markets set a $37.00 price target on Halliburton in a report on Wednesday, July 22nd. TD Cowen reduced their price objective on Halliburton from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Finally, Susquehanna decreased their price objective on Halliburton from $45.00 to $42.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th. Eighteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and an average price target of $43.10.

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.

Insider Buying and Selling

In other news, COO Jeffrey Shannon Slocum sold 52,572 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were 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 approximately $4,166,235.70. The trade was a 30.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 company’s 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 sale, 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. 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 owned by corporate insiders.

Halliburton Trading Up 2.0%

Shares of NYSE:HAL opened at $36.19 on Friday. Halliburton Company has a 1 year low of $21.40 and a 1 year high of $43.59. The firm has a fifty day moving average price of $33.82 and a 200 day moving average price of $36.54. The stock has a market capitalization of $30.15 billion, a PE ratio of 18.95, a P/E/G ratio of 2.22 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.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $5.71 billion during 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%.The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 EPS. Analysts expect 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 given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.9%. Halliburton’s dividend payout ratio is presently 35.60%.

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.