ARGA Investment Management LP Buys Shares of 1,505,260 Halliburton Company $HAL

ARGA Investment Management LP purchased a new stake in Halliburton Company (NYSE:HAL) during the third quarter, according to its most recent filing with the SEC. The firm purchased 1,505,260 shares of the oilfield services company’s stock, valued at approximately $37,029,000. Halliburton accounts for approximately 1.0% of ARGA Investment Management LP’s portfolio, making the stock its 24th largest position. ARGA Investment Management LP owned approximately 0.18% of Halliburton at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Halliburton in the second quarter valued at approximately $109,379,000. AQR Capital Management LLC boosted its stake in Halliburton by 85.5% in the 2nd quarter. AQR Capital Management LLC now owns 8,610,870 shares of the oilfield services company’s stock valued at $175,490,000 after purchasing an additional 3,969,759 shares during the period. Schroder Investment Management Group grew its stake in shares of Halliburton by 762.7% in the second quarter. Schroder Investment Management Group now owns 3,265,132 shares of the oilfield services company’s stock valued at $66,543,000 after acquiring an additional 2,886,666 shares in the last quarter. Pzena Investment Management LLC increased its stake in Halliburton by 134.7% during the 2nd quarter. Pzena Investment Management LLC now owns 3,734,069 shares of the oilfield services company’s stock worth $76,100,000 after acquiring an additional 2,142,939 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of Halliburton by 23.1% during the 3rd quarter. Pacer Advisors Inc. now owns 10,154,605 shares of the oilfield services company’s stock worth $249,803,000 after purchasing an additional 1,906,724 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HAL has been the subject of a number of research analyst reports. Redburn Partners set a $35.00 price target on Halliburton in a report on Monday, November 3rd. Zacks Research upgraded shares of Halliburton from a “strong sell” rating to a “hold” rating in a report on Thursday, October 23rd. Piper Sandler increased their target price on shares of Halliburton from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Morgan Stanley reissued an “overweight” rating and issued a $35.00 price objective on shares of Halliburton in a research report on Wednesday. Finally, Rothschild Redb upgraded shares of Halliburton to a “strong-buy” rating in a research report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.35.

Trending Headlines about Halliburton

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

Insider Buying and Selling at Halliburton

In other news, EVP Lawrence J. Pope sold 100,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $32.25, for a total transaction of $3,225,000.00. Following the completion of the sale, the executive vice president directly owned 419,800 shares in the company, valued at approximately $13,538,550. This represents a 19.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Van H. Beckwith sold 8,854 shares of the business’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 transaction, the executive vice president directly owned 333,528 shares in the company, valued at approximately $9,302,095.92. The trade was a 2.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 268,854 shares of company stock worth $7,915,138. 0.56% of the stock is currently owned by insiders.

Halliburton Trading Up 0.8%

Shares of Halliburton stock opened at $33.97 on Friday. The company’s 50-day moving average price is $28.97 and its 200-day moving average price is $25.29. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 0.68. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $35.55. The company has a market cap of $28.59 billion, a price-to-earnings ratio of 22.50 and a beta of 0.78.

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, beating the consensus estimate of $0.54 by $0.15. The firm had revenue of $5.66 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 EPS. On average, equities analysts expect that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 3rd were paid 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 of this dividend was Wednesday, December 3rd. Halliburton’s payout ratio is 45.03%.

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.