Quantbot Technologies LP Purchases New Shares in Halliburton Company $HAL

Quantbot Technologies LP purchased a new position in Halliburton Company (NYSE:HAL) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 316,519 shares of the oilfield services company’s stock, valued at approximately $10,746,000. Halliburton accounts for 0.4% of Quantbot Technologies LP’s investment portfolio, making the stock its 21st largest holding.

A number of other institutional investors have also added to or reduced their stakes in HAL. Evolve Private Wealth LLC purchased a new position in Halliburton during the second quarter valued at $721,000. Martin & Co. Inc. TN purchased a new stake in shares of Halliburton in the 2nd quarter worth about $5,613,000. Sumitomo Life Insurance Co. purchased a new stake in shares of Halliburton in the 2nd quarter worth about $289,000. Korea Investment CORP bought a new position in shares of Halliburton in the 2nd quarter worth about $26,345,000. Finally, EP Wealth Advisors LLC purchased a new position in Halliburton during the 2nd quarter valued at about $825,000. Institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling

In other Halliburton news, CFO Eric Carre sold 24,778 shares of Halliburton stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the sale, the chief financial officer owned 148,520 shares of the company’s stock, valued at approximately $5,330,382.80. This trade represents a 14.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the transaction, the chief operating officer owned 118,730 shares of the company’s stock, valued at $4,166,235.70. This represents a 30.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is owned by insiders.

Key Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton Labs added Electroflow, Osmoses and SiTration to its portfolio. The companies focus on battery materials, gas separation and critical-metal recovery, giving Halliburton exposure to emerging energy technologies and potentially supporting longer-term diversification beyond traditional oilfield services. Halliburton Labs Announces Three New Portfolio Companies
• Positive Sentiment: Halliburton’s latest quarterly results showed modest operational strength: earnings per share exceeded estimates, revenue reached $5.71 billion versus a $5.50 billion consensus, and sales increased 3.7% year over year. Analysts remain broadly constructive, with a consensus “Moderate Buy” rating and an average price target of $43.10, well above recent trading levels. Q2 Rundown: Halliburton Vs Other Oilfield Services Stocks
• Neutral Sentiment: Recent options-market activity has drawn attention to the possibility of a larger move in HAL, but the available report does not establish whether traders are positioned for a rise or decline. The activity mainly signals increased volatility expectations. Are Options Traders Betting on a Big Move in Halliburton Stock?
• Negative Sentiment: COO Jeffrey Shannon Slocum sold 52,572 shares worth approximately $1.84 million, reducing his direct ownership by 30.69%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which makes it a weaker bearish signal, but the size of the sale may still weigh on sentiment.
• Negative Sentiment: Although Halliburton beat quarterly estimates, EPS was unchanged from the year-earlier period, and analysts have recently lowered several price targets. That combination suggests expectations for near-term oilfield-services growth remain restrained despite the company’s longer-term opportunities.

Halliburton Stock Down 0.9%

NYSE:HAL opened at $35.38 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. The firm has a market cap of $29.48 billion, a P/E ratio of 18.52, a P/E/G ratio of 2.21 and a beta of 0.73. Halliburton Company has a fifty-two week low of $21.40 and a fifty-two week high of $43.59. The firm has a 50-day simple moving average of $33.95 and a two-hundred day simple moving average of $36.50.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The firm had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. Analysts predict that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HAL shares. TD Cowen dropped their price objective on shares of Halliburton from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Freedom Capital upgraded shares of Halliburton from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Evercore reissued an “outperform” rating and issued a $43.00 price target on shares of Halliburton in a research report on Wednesday, July 22nd. BMO Capital Markets set a $37.00 price target on Halliburton in a research note on Wednesday, July 22nd. Finally, Capital One Financial raised their price objective on Halliburton from $41.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.10.

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.