Rakuten Investment Management Inc. Purchases New Shares in Halliburton Company $HAL

Rakuten Investment Management Inc. acquired a new stake in Halliburton Company (NYSE:HAL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 136,625 shares of the oilfield services company’s stock, valued at approximately $4,658,000.

Other large investors have also modified their holdings of the company. Kelleher Financial Advisors acquired a new stake in shares of Halliburton during the 3rd quarter valued at about $25,000. Newbridge Financial Services Group Inc. acquired a new position in Halliburton in the 2nd quarter worth about $25,000. Kilter Group LLC acquired a new position in Halliburton in the 2nd quarter worth about $26,000. Meeder Asset Management Inc. purchased a new position in Halliburton during the second quarter worth approximately $26,000. Finally, Silvant Capital Management LLC acquired a new stake in Halliburton in the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insiders Place Their Bets

In other Halliburton news, CFO Eric Carre sold 24,778 shares of the firm’s 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 transaction, the chief financial officer owned 148,520 shares in the company, valued at approximately $5,330,382.80. This trade represents a 14.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of Halliburton stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the sale, the chief operating officer directly owned 118,730 shares in the company, valued at approximately $4,166,235.70. This trade 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. Company insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wolfe Research assumed coverage on Halliburton in a research report on Wednesday, July 8th. They issued a “peer perform” rating for the company. Piper Sandler upgraded Halliburton from a “neutral” rating to an “overweight” rating and increased their target price for the company from $40.00 to $43.00 in a research report on Tuesday, July 14th. TD Cowen dropped their price target 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. Morgan Stanley cut their price target on shares of Halliburton from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Finally, Evercore restated an “outperform” rating and set a $43.00 price objective on shares of Halliburton in a research report on Wednesday, July 22nd. Eighteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.10.

Halliburton Price Performance

NYSE:HAL opened at $36.19 on Monday. The stock has a 50 day moving average of $33.82 and a two-hundred day moving average of $36.55. Halliburton Company has a 12 month low of $21.40 and a 12 month high of $43.59. The firm has a market cap of $30.15 billion, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 2.27 and a beta of 0.73. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. On average, analysts expect that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 2nd. Halliburton’s dividend payout ratio is currently 35.60%.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton is reportedly in talks to supply equipment and services for the possible redevelopment of Venezuelan oil fields as U.S. companies discuss multibillion-dollar investments in the country’s energy sector. A successful agreement could create new equipment, drilling and production-service revenue opportunities. Chevron, Other U.S. Firms Near Deal to Invest Billions in Venezuelan Oil Fields
• Positive Sentiment: Halliburton recently won an integrated contract from BP for the first appraisal campaign at the Bumerangue field offshore Brazil. The project includes drilling, evaluation, automation and remote operations, supporting expectations for continued deepwater activity and international revenue growth. Why Halliburton (HAL) Stock Is Up Today
• Positive Sentiment: Call-option activity was unusually strong, with investors buying 25,477 calls—approximately 45% above average volume—indicating increased short-term bullish positioning, though options activity can also amplify volatility.
• Neutral Sentiment: Halliburton is hiring a senior offshore-leasing official from the Trump administration, a move that could strengthen government and regulatory expertise but does not immediately change earnings expectations. Trump’s Head of Offshore Leasing Leaving for Oilfield Services Firm Halliburton
• Negative Sentiment: Reported insider trading was one-sided over the past six months, with multiple executives and directors selling shares and no listed insider purchases. This may weigh on sentiment, although such sales can reflect compensation, diversification or scheduled transactions rather than a change in business outlook.

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.