19,639 Shares in Halliburton Company $HAL Acquired by Quantum Portfolio Management LLC

Quantum Portfolio Management LLC acquired a new stake in shares of Halliburton Company (NYSE:HAL) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 19,639 shares of the oilfield services company’s stock, valued at approximately $766,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Vermillion Wealth Management Inc. grew its stake in shares of Halliburton by 24.8% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company’s stock worth $41,000 after acquiring an additional 289 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in Halliburton by 1.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company’s stock worth $659,000 after purchasing an additional 349 shares in the last quarter. Harbour Investments Inc. grew its position in Halliburton by 7.3% during the 4th quarter. Harbour Investments Inc. now owns 5,320 shares of the oilfield services company’s stock valued at $150,000 after purchasing an additional 361 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in Halliburton by 3.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 10,363 shares of the oilfield services company’s stock valued at $293,000 after purchasing an additional 365 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its stake in Halliburton by 1.7% during the 4th quarter. Fidelis Capital Partners LLC now owns 22,517 shares of the oilfield services company’s stock valued at $636,000 after purchasing an additional 371 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Halliburton Stock Up 3.3%

HAL stock opened at $34.92 on Thursday. The company has a market cap of $29.17 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 1.46 and a beta of 0.71. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08. The business’s 50-day moving average is $38.53 and its two-hundred day moving average is $35.99. Halliburton Company has a fifty-two week low of $20.17 and a fifty-two week high of $43.59.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. During the same period in the previous year, the company posted $0.60 EPS. The business’s quarterly revenue was down .3% compared to the same quarter last year. As a group, analysts forecast that Halliburton Company will post 2.34 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, June 3rd. Halliburton’s payout ratio is 37.36%.

Key Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton landed an integrated contract to develop the Bin Umar and Sindbad oil fields in Iraq, a deal that may increase oil and gas output and strengthen its international growth story. Halliburton Lands Key Iraq Oilfield Deal to Boost Production
• Positive Sentiment: Options activity spiked, with call volume running well above normal, which often signals rising trader confidence and speculation on further gains.
• Positive Sentiment: Susquehanna kept a positive view on HAL even while trimming its price target to $42, implying analysts still see meaningful upside from current levels.
• Neutral Sentiment: UBS raised its price target but maintained a Neutral rating, reflecting some valuation support without a stronger bullish call. UBS Lifts Price Target on Halliburton (HAL), Reaffirms Neutral Rating
• Neutral Sentiment: Wolfe Research initiated coverage with a Peer Perform rating, signaling a wait-and-see stance on Halliburton’s near-term outlook. Wolfe Research bullish on SLB and BKR, sees selective oil services cycle ahead
• Negative Sentiment: RBC Capital’s new Buy recommendation is supportive, but broader analyst coverage remains mixed, which may limit how much the stock can rally on sentiment alone. Halliburton (HAL) Gets a Buy from RBC Capital

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HAL. BMO Capital Markets increased their price target on shares of Halliburton from $42.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Wolfe Research assumed coverage on Halliburton in a research note on Wednesday. They set a “peer perform” rating on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $43.00 price target (up from $36.00) on shares of Halliburton in a report on Wednesday, April 22nd. Piper Sandler lifted their price objective on Halliburton from $34.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Finally, HSBC upped their target price on shares of Halliburton from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.18.

Insider Activity at Halliburton

In other Halliburton news, insider Michael Casey Maxwell sold 20,348 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $41.89, for a total transaction of $852,377.72. Following the completion of the sale, the insider directly owned 93,763 shares of the company’s stock, valued at approximately $3,927,732.07. This represents a 17.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Tobi M. Young sold 6,125 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $41.72, for a total transaction of $255,535.00. Following the completion of the transaction, the director owned 15,250 shares in the company, valued at $636,230. The trade was a 28.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 258,255 shares of company stock valued at $10,550,535 in the last three months. Corporate insiders own 0.57% of the company’s stock.

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.