Halliburton Company $HAL Shares Purchased by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC boosted its holdings in Halliburton Company (NYSE:HAL) by 3.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 418,640 shares of the oilfield services company’s stock after purchasing an additional 15,256 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Halliburton were worth $13,807,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Halliburton during the second quarter worth approximately $2,812,327,000. State Street Corp grew its stake in shares of Halliburton by 4.5% in the second quarter. State Street Corp now owns 56,870,444 shares of the oilfield services company’s stock worth $1,930,752,000 after acquiring an additional 2,463,137 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Halliburton in the second quarter worth $345,941,000. Bank of New York Mellon Corp bought a new position in Halliburton during the second quarter worth $337,486,000. Finally, Dimensional Fund Advisors LP increased its position in Halliburton by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 9,502,988 shares of the oilfield services company’s stock worth $370,556,000 after acquiring an additional 367,701 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Halliburton news, COO Jeffrey Slocum sold 52,572 shares of Halliburton stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the sale, the chief operating officer owned 118,730 shares in the company, valued at $4,166,235.70. The trade was a 30.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on HAL. Weiss Ratings reiterated a “hold (c)” rating on shares of Halliburton in a research note on Friday, October 2nd. Wolfe Research began coverage on shares of Halliburton in a research report on Wednesday, July 8th. They issued a “peer perform” rating on the stock. Evercore restated an “outperform” rating and issued a $43.00 price target on shares of Halliburton in a research report on Wednesday, July 22nd. Barclays dropped their price objective on shares of Halliburton from $53.00 to $51.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Susquehanna cut their price objective on shares of Halliburton from $45.00 to $42.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th. Seventeen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.10.

Halliburton Price Performance

Shares of HAL stock opened at $33.96 on Thursday. The stock has a 50 day moving average of $34.22 and a two-hundred day moving average of $36.05. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.63. Halliburton Company has a 12 month low of $24.92 and a 12 month high of $43.59. The company has a market capitalization of $28.29 billion, a P/E ratio of 14.21, a P/E/G ratio of 1.94 and a beta of 0.83.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.58 billion. Halliburton had a return on equity of 18.36% and a net margin of 8.90%. Halliburton’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 EPS. As a group, equities analysts expect that Halliburton Company will post 2.34 EPS for the current year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, September 2nd. Halliburton’s dividend payout ratio (DPR) is 35.60%.

More Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q3 earnings beat expectations: Adjusted EPS was $0.60 versus the $0.58 consensus, while revenue rose 1.8% year over year to $5.70 billion, exceeding estimates of $5.58 billion. The beat was driven primarily by international operations and drilling activity. Halliburton tops third-quarter profit estimates on international oilfield demand
• Positive Sentiment: International growth is offsetting domestic weakness: International revenue increased 3% sequentially to approximately $3.5 billion, while deepwater contracts and stronger Middle East demand supported the outlook. Management expects a multiyear oilfield-services demand cycle and mid-single-digit revenue growth in 2027. Halliburton sees years of growth as Mideast rebuilds
• Positive Sentiment: Margin expansion target and capital returns are supportive: Halliburton is targeting approximately 15% operating margins in 2027, about two percentage points above current levels. The company also repurchased roughly $250 million of stock and maintained its dividend during the quarter. Halliburton targets 15% operating margin as 2027 growth outlook strengthens
• Positive Sentiment: Analyst support remains broadly favorable: J.P. Morgan reiterated a Buy rating with a $42 target, while RBC raised its target from $45 to $46 and maintained an Outperform rating. Heavy call-option activity also suggests bullish near-term positioning. Analysts revise forecasts on Halliburton following Q3 results
• Neutral Sentiment: Geopolitical developments create both opportunity and risk: Middle East reconstruction could generate years of additional services demand, but potential oil-supply disruptions tied to regional conflict could also increase commodity-market volatility and complicate customer spending decisions. Halliburton earnings headwinds today, Venezuela tomorrow, Middle East eventually
• Negative Sentiment: North America remains a drag: North American revenue fell about 5% sequentially, and weaker completion and production activity contributed to lower total operating income and sequentially lower reported profit.
• Negative Sentiment: Analyst views are not unanimous: Barclays reduced its price target to $51, highlighting ongoing market uncertainty despite the quarterly beat and longer-term growth opportunities.

Halliburton Profile

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well.

Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.