Allstate Corp Makes New Investment in Halliburton Company $HAL

Allstate Corp bought a new stake in Halliburton Company (NYSE:HAL) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 30,204 shares of the oilfield services company’s stock, valued at approximately $743,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HAL. Norges Bank acquired a new position in shares of Halliburton during the 2nd quarter worth about $109,379,000. AQR Capital Management LLC grew its holdings in Halliburton by 85.5% during the second 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. Schroder Investment Management Group grew its holdings in Halliburton by 762.7% during the second quarter. Schroder Investment Management Group now owns 3,265,132 shares of the oilfield services company’s stock worth $66,543,000 after purchasing an additional 2,886,666 shares during the period. Pzena Investment Management LLC increased its position in Halliburton by 134.7% during the second quarter. Pzena Investment Management LLC now owns 3,734,069 shares of the oilfield services company’s stock worth $76,100,000 after buying an additional 2,142,939 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in Halliburton by 23.1% in the third quarter. Pacer Advisors Inc. now owns 10,154,605 shares of the oilfield services company’s stock valued at $249,803,000 after buying an additional 1,906,724 shares during the period. 85.23% of the stock is owned by institutional investors.

Halliburton Price Performance

Halliburton stock opened at $33.68 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.43 and a current ratio of 2.04. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $33.92. The stock has a market capitalization of $28.35 billion, a P/E ratio of 22.30 and a beta of 0.78. The stock has a fifty day moving average of $28.84 and a 200-day moving average of $25.20.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.54 by $0.15. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The business had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The firm’s revenue was up .8% compared to the same quarter last year. On average, sell-side analysts expect that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

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

Insider Activity

In related news, insider Mark Richard sold 160,000 shares of Halliburton stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $27.77, for a total value of $4,443,200.00. Following the transaction, the insider directly owned 452,374 shares of the company’s stock, valued at $12,562,425.98. The trade was a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Van H. Beckwith sold 8,854 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $27.89, for a total transaction of $246,938.06. Following the completion of the sale, the executive vice president directly owned 333,528 shares in the company, valued at approximately $9,302,095.92. This represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 268,854 shares of company stock valued at $7,915,138. Company insiders own 0.56% of the company’s stock.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q4 earnings beat and international strength — Halliburton reported adjusted Q4 EPS above consensus and highlighted stronger international revenue and margins, which traders viewed as the primary catalyst for the rally. Halliburton beats estimates for fourth-quarter profit (Reuters)
• Positive Sentiment: Multiple analyst upgrades and higher price targets — Several firms raised HAL price targets and ratings after the quarter (RBC, TD Cowen, BMO, JPMorgan, Susquehanna and others), supporting upside expectations. Halliburton Analysts Increase Their Forecasts After Strong Q4 Earnings (Benzinga)
• Positive Sentiment: Cash flow, buybacks and dividend underpin returns — Management emphasized strong free-cash-flow generation and continued share repurchases (and a >2% dividend yield), which boosts per‑share upside even if growth is modest. Halliburton Beat Expectations Again—Now the Rebound Trade Gets Real (MarketBeat)
• Positive Sentiment: Potential Venezuela re-entry — Management noted strong inbound interest and job postings hint at steps toward returning to Venezuela, which could materially expand international opportunity if allowed. Halliburton’s ‘phone is ringing off the hook’ with interest in Venezuela (BizJournals)
• Neutral Sentiment: Valuation and DCF checks after the run — Analysts and independent checks are revisiting HAL’s valuation after the stock’s momentum; some models show room, others urge caution given cyclical exposure. Halliburton Valuation Check (Yahoo Finance)
• Neutral Sentiment: Unusual options activity — Large volume in call options suggests speculative positioning that can amplify intraday moves but may not reflect long-term conviction. (Options volume report cited by market coverage.)
• Negative Sentiment: North America remains a drag and profit dynamics mixed — Coverage notes North American revenue weakness and some slip in profit metrics despite higher revenue, a reminder of regional headwinds that could limit upside if U.S. activity doesn’t recover. Halliburton Profit Slips Despite Higher Revenue (WSJ)

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Hsbc Global Res raised Halliburton from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Citigroup lifted their price objective on shares of Halliburton from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Stifel Nicolaus set a $36.00 price objective on shares of Halliburton in a research report on Thursday. Rothschild Redb upgraded shares of Halliburton to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, UBS Group lifted their target price on shares of Halliburton from $24.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and an average price target of $33.95.

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.