Halliburton (NYSE:HAL) Given New $35.00 Price Target at JPMorgan Chase & Co.

Halliburton (NYSE:HAL) had its target price upped by JPMorgan Chase & Co. from $30.00 to $35.00 in a research note published on Thursday, Marketbeat reports. The brokerage currently has an overweight rating on the oilfield services company’s stock.

Several other analysts have also recently commented on the stock. HSBC set a $30.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Stifel Nicolaus set a $36.00 price objective on Halliburton in a report on Thursday. Evercore ISI reiterated an “in-line” rating and set a $35.00 target price (up previously from $28.00) on shares of Halliburton in a research report on Tuesday, January 6th. Rothschild Redb raised Halliburton to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Susquehanna upped their price objective on Halliburton from $36.00 to $40.00 and gave the stock a “positive” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.95.

Halliburton Trading Up 1.0%

Shares of HAL stock opened at $33.68 on Thursday. The company has a market capitalization of $28.35 billion, a P/E ratio of 22.30 and a beta of 0.78. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $28.84 and its two-hundred day moving average is $25.20. Halliburton has a twelve month low of $18.72 and a twelve month high of $33.92.

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

Halliburton Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Van H. Beckwith sold 8,854 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $27.89, for a total value of $246,938.06. Following the sale, the executive vice president directly owned 333,528 shares in the company, valued at $9,302,095.92. The trade was a 2.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Richard sold 160,000 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the completion of the sale, the insider directly owned 452,374 shares in the company, valued at approximately $12,562,425.98. The trade was a 26.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 268,854 shares of company stock worth $7,915,138. 0.56% of the stock is owned by corporate insiders.

Institutional Trading of Halliburton

Several institutional investors and hedge funds have recently modified their holdings of the business. Capital Research Global Investors increased its stake in shares of Halliburton by 81.8% during the 3rd quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company’s stock worth $2,239,349,000 after purchasing an additional 40,969,139 shares in the last quarter. Strive Asset Management LLC acquired a new stake in Halliburton during the 3rd quarter valued at $418,738,000. Holocene Advisors LP acquired a new stake in Halliburton during the 3rd quarter valued at $147,315,000. Norges Bank purchased a new position in Halliburton during the second quarter worth $109,379,000. Finally, AQR Capital Management LLC raised its holdings in shares of Halliburton by 85.5% in 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 acquiring an additional 3,969,759 shares during the last quarter. Hedge funds and other institutional investors own 85.23% 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)

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.