Exchange Traded Concepts LLC Trims Stake in Halliburton Company $HAL

Exchange Traded Concepts LLC lessened its holdings in Halliburton Company (NYSE:HAL) by 45.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,098 shares of the oilfield services company’s stock after selling 15,978 shares during the period. Exchange Traded Concepts LLC’s holdings in Halliburton were worth $540,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Capital Research Global Investors raised its holdings in Halliburton by 81.8% in the 3rd 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 period. Strive Asset Management LLC acquired a new position in Halliburton in the third quarter valued at about $418,738,000. Holocene Advisors LP purchased a new position in Halliburton during the third quarter worth about $147,315,000. AQR Capital Management LLC increased its position in shares of 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 valued at $175,490,000 after acquiring an additional 3,969,759 shares during the last quarter. Finally, Caisse de depot et placement du Quebec raised its stake in shares of Halliburton by 163.8% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 4,992,111 shares of the oilfield services company’s stock valued at $122,806,000 after acquiring an additional 3,100,037 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Margaret Katherine Banks sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $34.17, for a total value of $88,842.00. Following the sale, the director owned 14,043 shares of the company’s stock, valued at $479,849.31. This trade represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy Mckeon sold 3,846 shares of Halliburton stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $34.37, for a total transaction of $132,187.02. Following the completion of the transaction, the vice president owned 81,631 shares of the company’s stock, valued at $2,805,657.47. This represents a 4.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 415,508 shares of company stock worth $15,291,882. Corporate insiders own 0.56% of the company’s stock.

Key Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton acquired Sekal AS to accelerate drilling automation, combining Sekal’s DrillTronics with HAL’s LOGIX platform — a strategic deal that could improve drilling efficiency, lower costs and differentiate services over time. Read More.
• Neutral Sentiment: Recent fundamentals give support: Halliburton beat Q4 EPS and revenue expectations, maintains healthy liquidity and a moderate leverage profile — fundamentals that underpin medium‑term confidence but rely on execution. Read More.
• Negative Sentiment: CEO insider selling: CEO Jeffrey Allen Miller sold ~158,455 shares at about $40 (SEC Form 4 disclosure), a sizable reduction that can be interpreted as a near‑term negative signal by some investors. Read More.
• Negative Sentiment: Sector headwinds: commentary in the market notes that while oil prices spiked, oil stocks broadly underperformed the crude move — suggesting much of the upside may already be priced in and potentially limiting near‑term upside for HAL. Read More.
• Negative Sentiment: Near‑term price action has been choppy: HAL slid in the prior session as the market digested the Sekal deal and valuation, showing short‑term sensitivity despite the constructive strategic case. Read More.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. TD Cowen upped their price objective on shares of Halliburton from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Halliburton in a report on Monday, December 29th. Susquehanna boosted their target price on Halliburton from $36.00 to $40.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Piper Sandler upped their price target on Halliburton from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, UBS Group raised their price target on Halliburton from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and an average target price of $36.05.

Halliburton Stock Performance

NYSE:HAL opened at $38.12 on Monday. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $41.18. The company has a fifty day simple moving average of $35.51 and a two-hundred day simple moving average of $30.13. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. The company has a market cap of $31.84 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 2.33 and a beta of 0.68.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.14. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.39 billion. During the same period last year, the firm earned $0.73 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities analysts anticipate 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, March 25th. Shareholders of record on Wednesday, March 4th were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. Halliburton’s dividend payout ratio (DPR) is currently 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.