Halliburton (NYSE:HAL) Price Target Raised to $39.00

Halliburton (NYSE:HAL) had its target price increased by Argus from $31.00 to $39.00 in a research note published on Friday morning,MarketScreener reports. The firm currently has a buy rating on the oilfield services company’s stock.

A number of other equities analysts have also recently commented on HAL. JPMorgan Chase & Co. lifted their target price on Halliburton from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday. Barclays raised their price objective on Halliburton from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 16th. Bank of America lifted their price objective on Halliburton from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Redburn Partners set a $35.00 target price on shares of Halliburton in a report on Monday, November 3rd. Finally, Capital One Financial raised their target price 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. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.57.

Halliburton Stock Performance

Shares of NYSE HAL opened at $33.97 on Friday. Halliburton has a 12-month low of $18.72 and a 12-month high of $35.55. The firm has a market capitalization of $28.59 billion, a price-to-earnings ratio of 22.50 and a beta of 0.78. The company has a current ratio of 2.04, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average of $28.97 and a 200 day moving average of $25.33.

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

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, December 3rd. Halliburton’s dividend payout ratio is 45.03%.

Insider Activity

In other news, EVP Van H. Beckwith sold 8,854 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $27.89, for a total transaction of $246,938.06. Following the completion of the transaction, the executive vice president owned 333,528 shares in the company, valued at $9,302,095.92. This trade represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Lawrence J. Pope sold 100,000 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $32.25, for a total value of $3,225,000.00. Following the completion of the sale, the executive vice president owned 419,800 shares in the company, valued at $13,538,550. This represents a 19.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 268,854 shares of company stock worth $7,915,138 over the last 90 days. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of Halliburton

Hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC raised its position in Halliburton by 82.1% during the second quarter. V Square Quantitative Management LLC now owns 48,900 shares of the oilfield services company’s stock valued at $997,000 after purchasing an additional 22,045 shares during the period. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Halliburton in the 2nd quarter valued at approximately $2,595,000. Ritholtz Wealth Management purchased a new position in shares of Halliburton in the 3rd quarter worth approximately $1,775,000. Fifth Third Bancorp increased its position in shares of Halliburton by 82.4% during the 2nd quarter. Fifth Third Bancorp now owns 42,482 shares of the oilfield services company’s stock valued at $866,000 after purchasing an additional 19,186 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in Halliburton by 7.5% during the 2nd quarter. Nordea Investment Management AB now owns 539,079 shares of the oilfield services company’s stock valued at $11,132,000 after buying an additional 37,512 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton News Roundup

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q4 beat and operational momentum — HAL topped EPS and revenue expectations, with improved margins and management emphasizing capital returns (buybacks/dividends) that support per-share value. MarketBeat: Halliburton Beat Expectations
• Positive Sentiment: Analyst upgrades and price-target raises — multiple firms (TD Cowen, Susquehanna, RBC, BMO, JPMorgan, Evercore, Stifel, Capital One) raised targets or ratings after results, signaling consensus sentiment lift and providing upward price catalysts. Benzinga: Analysts Increase Forecasts
• Positive Sentiment: New strategic initiatives — a $35M Halliburton–A*STAR lab in Singapore targets faster tech-enabled growth in Asia, supporting international revenue diversification and longer-term service/product improvements. SBR: Halliburton, A*STAR $35m lab
• Positive Sentiment: Venezuela opportunity — company comments and hiring activity point to a potential quick re-entry if cleared politically, which could materially expand international revenue. WSJ: Halliburton Prepares to Re-Enter Venezuela
• Neutral Sentiment: Options activity and new highs — large call buying and a 12-month high reflect elevated speculative and institutional interest, but they can amplify short-term volatility. AmericanBankingNews: Investors Buy Calls
• Neutral Sentiment: Macro/sector noise — broader energy-market swings and geopolitics (plus periodic headlines) create background volatility that can mask company fundamentals in the near term. SeeItMarket: Energy Stocks Steady Amid Macro Chaos
• Negative Sentiment: Profit nuance — while EPS beat, net income edged down year-over-year (reported net income decline), highlighting some margin or one-time items that temper the beat. Yahoo: Q4 net income falls 4.2%
• Negative Sentiment: Analyst downgrade — Zephirin Group cut HAL from Buy to Hold and trimmed its target to $28, flagging downside risk and reminding investors not all analysts are convinced upside is sustained. MarketScreener: Zephirin Downgrades HAL

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.