Argentarii LLC Invests $768,000 in Halliburton Company $HAL

Argentarii LLC acquired a new stake in Halliburton Company (NYSE:HAL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 27,160 shares of the oilfield services company’s stock, valued at approximately $768,000.

Several other hedge funds have also recently bought and sold shares of HAL. Contravisory Investment Management Inc. acquired a new position in Halliburton in the fourth quarter valued at $1,054,000. Bank of New York Mellon Corp increased its position in shares of Halliburton by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 5,929,285 shares of the oilfield services company’s stock worth $145,860,000 after purchasing an additional 96,394 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Halliburton in the 3rd quarter valued at about $1,775,000. Tejara Capital Ltd lifted its holdings in shares of Halliburton by 98.8% in the 3rd quarter. Tejara Capital Ltd now owns 134,365 shares of the oilfield services company’s stock valued at $3,305,000 after purchasing an additional 66,765 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Halliburton by 12.8% in the 3rd quarter. New York State Common Retirement Fund now owns 1,645,526 shares of the oilfield services company’s stock valued at $40,480,000 after purchasing an additional 186,105 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Performance

NYSE:HAL opened at $38.91 on Friday. The firm’s fifty day simple moving average is $34.81 and its 200-day simple moving average is $29.33. 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 stock has a market cap of $32.59 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 2.32 and a beta of 0.73. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $39.87.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The firm had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter last year, the business earned $0.73 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Analysts expect that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, March 4th. Halliburton’s dividend payout ratio (DPR) is presently 45.03%.

Insider Activity

In other news, VP Timothy Mckeon sold 3,846 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $34.37, for a total value of $132,187.02. Following the completion of the transaction, the vice president owned 81,631 shares in the company, valued at $2,805,657.47. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Van H. Beckwith sold 54,348 shares of Halliburton stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $34.96, for a total value of $1,900,006.08. Following the transaction, the executive vice president directly owned 344,535 shares of the company’s stock, valued at $12,044,943.60. This trade represents a 13.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 357,053 shares of company stock valued at $12,178,682 in the last 90 days. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HAL shares. BMO Capital Markets raised their price objective on shares of Halliburton from $39.00 to $42.00 and gave the stock a “market perform” rating in a research report on Wednesday. The Goldman Sachs Group lifted their target price on Halliburton from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Argus boosted their target price on Halliburton from $31.00 to $39.00 and gave the company a “buy” rating in a report on Friday, January 23rd. 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, Evercore upgraded shares of Halliburton from an “in-line” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.81.

Key Stories Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Zacks and Yahoo highlight that oilfield-services firms with low leverage—like HAL—are well positioned to benefit from strong industry tailwinds and easier access to capital, supporting medium-term growth expectations. 4 Oilfield Services Stocks Set to Gain From Strong Industry Tailwinds
• Positive Sentiment: BMO raised its price target on HAL to $42 (from $39) and kept a Market Perform rating—this lift in analyst optimism provides a near-term valuation catalyst and suggests upside from current levels. Coverage note and commentary reflecting the change have supported buying interest. Halliburton’s $42 Price Target From BMO Signals More Runway After a Monster 2026
• Positive Sentiment: Analyst/commentary pieces (Seeking Alpha) argue that higher oil prices should drive upward estimate revisions for Halliburton, implying better margin and revenue outlooks if commodity strength persists. Halliburton: Higher Oil, Higher Estimates Likely To Come
• Positive Sentiment: Market momentum pieces note HAL hitting a new 1-year high recently, reinforcing technical strength and investor conviction following better-than-expected quarterly results and forward commentary. Halliburton Reaches New 1-Year High
• Neutral Sentiment: An energy IPO (HMH Holding, tied to Baker Hughes and Akastor) is proceeding as oil prices rise; this broader industry activity signals healthy deal flow but is not a direct catalyst for HAL. An Energy IPO Is Coming as Oil Prices Surge
• Neutral Sentiment: A report about ReconAfrica starting testing in Namibia is industry-related news but does not materially affect Halliburton’s near-term fundamentals. ReconAfrica begins testing at Namibia discovery

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.