Argentarii LLC Buys New Position in Halliburton Company $HAL

Argentarii LLC purchased a new position in shares of Halliburton Company (NYSE:HAL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,160 shares of the oilfield services company’s stock, valued at approximately $768,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Research Global Investors raised its position in shares of Halliburton by 81.8% in the third quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company’s stock valued at $2,239,349,000 after buying an additional 40,969,139 shares during the last quarter. Strive Asset Management LLC purchased a new stake in Halliburton in the 3rd quarter worth approximately $418,738,000. Holocene Advisors LP acquired a new position in Halliburton in the 3rd quarter valued at $147,315,000. Norges Bank acquired a new position in Halliburton in the 2nd quarter valued at $109,379,000. Finally, AQR Capital Management LLC lifted its stake in shares of Halliburton by 85.5% during the 2nd quarter. AQR Capital Management LLC now owns 8,610,870 shares of the oilfield services company’s stock worth $175,490,000 after purchasing an additional 3,969,759 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HAL has been the subject of several analyst reports. BMO Capital Markets upped their target price on Halliburton from $39.00 to $42.00 and gave the company a “market perform” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Halliburton in a research note on Monday, December 29th. Zephirin Group lowered shares of Halliburton from a “buy” rating to a “hold” rating and dropped their price target for the stock from $30.00 to $28.00 in a research report on Friday, January 23rd. Capital One Financial increased their price target on shares of Halliburton from $25.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Finally, TD Cowen lifted their price target on shares of Halliburton from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.81.

Halliburton Price Performance

Shares of NYSE HAL opened at $38.91 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.04 and a quick ratio of 1.51. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $39.87. The company has a market capitalization of $32.59 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 2.32 and a beta of 0.73. The business has a 50-day moving average of $34.81 and a 200-day moving average of $29.33.

Halliburton (NYSE:HAL) last announced its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. The business had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.39 billion. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The company’s revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $0.73 EPS. On average, equities analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were paid a $0.17 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. Halliburton’s dividend payout ratio is 45.03%.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Zacks and Yahoo highlight that oilfield-services firms with low leverage—like HAL—are well positioned to benefit from strong industry tailwinds and easier access to capital, supporting medium-term growth expectations. 4 Oilfield Services Stocks Set to Gain From Strong Industry Tailwinds
• Positive Sentiment: BMO raised its price target on HAL to $42 (from $39) and kept a Market Perform rating—this lift in analyst optimism provides a near-term valuation catalyst and suggests upside from current levels. Coverage note and commentary reflecting the change have supported buying interest. Halliburton’s $42 Price Target From BMO Signals More Runway After a Monster 2026
• Positive Sentiment: Analyst/commentary pieces (Seeking Alpha) argue that higher oil prices should drive upward estimate revisions for Halliburton, implying better margin and revenue outlooks if commodity strength persists. Halliburton: Higher Oil, Higher Estimates Likely To Come
• Positive Sentiment: Market momentum pieces note HAL hitting a new 1-year high recently, reinforcing technical strength and investor conviction following better-than-expected quarterly results and forward commentary. Halliburton Reaches New 1-Year High
• Neutral Sentiment: An energy IPO (HMH Holding, tied to Baker Hughes and Akastor) is proceeding as oil prices rise; this broader industry activity signals healthy deal flow but is not a direct catalyst for HAL. An Energy IPO Is Coming as Oil Prices Surge
• Neutral Sentiment: A report about ReconAfrica starting testing in Namibia is industry-related news but does not materially affect Halliburton’s near-term fundamentals. ReconAfrica begins testing at Namibia discovery

Insider Buying and Selling at Halliburton

In related news, Director Margaret Katherine Banks sold 2,600 shares of Halliburton stock in a transaction on Monday, January 26th. The shares were sold at an average price of $34.17, for a total transaction of $88,842.00. Following the sale, the director owned 14,043 shares of the company’s stock, valued at $479,849.31. The trade was a 15.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Allen Miller sold 171,200 shares of the business’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $34.96, for a total transaction of $5,985,152.00. Following the completion of the transaction, the chief executive officer owned 1,101,243 shares in the company, valued at $38,499,455.28. This represents a 13.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 357,053 shares of company stock worth $12,178,682. 0.56% of the stock is currently owned by insiders.

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.