Halliburton (NYSE:HAL) Price Target Raised to $39.00

Halliburton (NYSE:HAL) had its price objective boosted by BMO Capital Markets from $36.00 to $39.00 in a report issued on Thursday, Marketbeat Ratings reports. BMO Capital Markets currently has a market perform rating on the oilfield services company’s stock.

HAL has been the subject of a number of other research reports. Evercore ISI increased their target price on shares of Halliburton from $35.00 to $36.00 and gave the stock an “in-line” rating in a research report on Thursday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Halliburton in a research report on Monday, December 29th. Stifel Nicolaus set a $36.00 target price on Halliburton in a research report on Thursday. Citigroup boosted their price target on shares of Halliburton from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, HSBC set a $30.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.57.

Halliburton Stock Performance

Shares of Halliburton stock opened at $33.97 on Thursday. The company has a market cap of $28.59 billion, a PE ratio of 22.50 and a beta of 0.78. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average price of $28.97 and a 200-day moving average price of $25.31. Halliburton has a 52 week low of $18.72 and a 52 week high of $35.55.

Halliburton (NYSE:HAL) last announced its quarterly earnings data 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. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Equities analysts anticipate that Halliburton will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.17 per share. 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 dividend payout ratio (DPR) is 45.03%.

Insider Transactions at Halliburton

In related news, EVP Lawrence J. Pope sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $32.25, for a total transaction of $3,225,000.00. Following the transaction, the executive vice president directly owned 419,800 shares in the company, valued at $13,538,550. This trade represents a 19.24% decrease in their position. 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 Halliburton stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $27.89, for a total value of $246,938.06. Following the completion of the transaction, the executive vice president directly owned 333,528 shares in the company, valued at $9,302,095.92. This trade 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 have sold 268,854 shares of company stock worth $7,915,138. Company insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital Research Global Investors boosted its position in 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 valued at $2,239,349,000 after buying an additional 40,969,139 shares during the period. Strive Asset Management LLC bought a new position in shares of Halliburton during the third quarter valued at about $418,738,000. Holocene Advisors LP bought a new position in shares of Halliburton during the third quarter valued at about $147,315,000. Norges Bank purchased a new stake in shares of Halliburton during the second quarter worth about $109,379,000. Finally, AQR Capital Management LLC grew its stake 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 purchasing an additional 3,969,759 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

More Halliburton News

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

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.