Van ECK Associates Corp Sells 1,755,845 Shares of Halliburton Company $HAL

Van ECK Associates Corp trimmed its position in shares of Halliburton Company (NYSE:HAL) by 27.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,588,866 shares of the oilfield services company’s stock after selling 1,755,845 shares during the period. Van ECK Associates Corp’s holdings in Halliburton were worth $155,792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HAL. Kelleher Financial Advisors acquired a new position in shares of Halliburton during the 3rd quarter worth about $25,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Halliburton in the 2nd quarter valued at about $25,000. Kilter Group LLC acquired a new stake in Halliburton in the 2nd quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new stake in Halliburton in the 2nd quarter valued at about $26,000. Finally, Silvant Capital Management LLC bought a new position in Halliburton during the second quarter worth about $28,000. 85.23% of the stock is owned by institutional investors.

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 at Halliburton

In other Halliburton news, 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 value of $889,282.42. Following the completion of the transaction, the chief financial officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of the company’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 sale, the chief operating officer owned 118,730 shares of the company’s stock, valued at approximately $4,166,235.70. The trade was a 30.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is owned by insiders.

Halliburton Stock Performance

NYSE HAL opened at $36.19 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $30.15 billion, a P/E ratio of 18.95, a P/E/G ratio of 2.22 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 firm has a 50-day moving average price of $33.82 and a two-hundred day moving average price of $36.54.

Halliburton (NYSE:HAL) last released 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 company had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. Analysts anticipate that Halliburton Company will post 2.34 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd will be paid 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 (DPR) is 35.60%.

Analyst Ratings Changes

A number of brokerages have weighed in on HAL. UBS Group lowered their price target on Halliburton from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. Wall Street Zen upgraded shares of Halliburton from a “hold” rating to a “buy” rating in a research note on Sunday, August 23rd. Freedom Capital raised shares of Halliburton from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Piper Sandler raised shares of Halliburton from a “neutral” rating to an “overweight” rating and increased their price target for the company from $40.00 to $43.00 in a report on Tuesday, July 14th. Finally, Evercore restated an “outperform” rating and set a $43.00 price objective on shares of Halliburton in a research report on Wednesday, July 22nd. Eighteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.10.

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.