OVERSEA CHINESE BANKING Corp Ltd Has $578,000 Stock Holdings in Halliburton Company $HAL

OVERSEA CHINESE BANKING Corp Ltd trimmed its stake in shares of Halliburton Company (NYSE:HAL) by 67.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,021 shares of the oilfield services company’s stock after selling 48,550 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Halliburton were worth $578,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HAL. Eastern Bank increased its position in Halliburton by 43.3% during the 3rd quarter. Eastern Bank now owns 5,183 shares of the oilfield services company’s stock worth $128,000 after buying an additional 1,566 shares during the period. Smith Shellnut Wilson LLC ADV bought a new stake in shares of Halliburton during the 3rd quarter worth approximately $202,000. Quent Capital LLC bought a new position in Halliburton in the third quarter valued at approximately $64,000. Nordea Investment Management AB lifted its position in shares of Halliburton by 1.0% during the 3rd quarter. Nordea Investment Management AB now owns 544,562 shares of the oilfield services company’s stock worth $13,132,000 after buying an additional 5,483 shares during the last quarter. Finally, Argyle Capital Management LLC raised its stake in Halliburton by 3.5% during the third quarter. Argyle Capital Management LLC now owns 62,085 shares of the oilfield services company’s stock worth $1,527,000 after acquiring an additional 2,100 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HAL. Morgan Stanley set a $34.00 price target on shares of Halliburton in a report on Monday, December 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Halliburton in a research note on Thursday. Rothschild & Co Redburn began coverage on shares of Halliburton in a report on Monday, November 3rd. They set a “buy” rating and a $35.00 price target for the company. HSBC set a $30.00 price target on Halliburton and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Cowen reaffirmed a “buy” rating on shares of Halliburton in a report on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.57.

Halliburton Trading Down 0.8%

NYSE HAL opened at $32.79 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $27.60 billion, a PE ratio of 21.72 and a beta of 0.78. The business’s 50-day moving average price is $28.30 and its two-hundred day moving average price is $24.79. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $33.72.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. On average, analysts expect that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd were issued a $0.17 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $0.68 annualized dividend and a yield of 2.1%. Halliburton’s dividend payout ratio is presently 45.03%.

Insider Activity

In related news, insider Mark Richard sold 160,000 shares of Halliburton stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $27.77, for a total value of $4,443,200.00. Following the completion of the sale, the insider owned 452,374 shares of the company’s stock, valued at approximately $12,562,425.98. This trade represents a 26.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lawrence J. Pope sold 100,000 shares of the company’s stock in a transaction 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 owned 419,800 shares in the company, valued at approximately $13,538,550. The trade was a 19.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 268,854 shares of company stock worth $7,915,138 over the last quarter. 0.56% of the stock is currently owned by corporate insiders.

Halliburton News Roundup

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: BMO raised its price target on HAL from $31 to $36 (maintains Market Perform), signaling analyst confidence in near-term upside. BMO price target raise
• Positive Sentiment: Management says Halliburton expects a swift return to Venezuela and is downplaying geopolitical risk — this implies potential new revenue opportunities if sanctions/entry barriers ease. FT: speedy return to Venezuela
• Positive Sentiment: Coverage of the same topic highlights management optimism about Venezuela re-entry, reinforcing the potential upside case for international revenue growth. OilPrice: return to Venezuela
• Positive Sentiment: Analysts and previews expect Halliburton to beat Q4 estimates, supporting the stock’s stronger momentum into earnings season. Zacks earnings preview
• Positive Sentiment: Halliburton promoted Casey Maxwell to President, Western Hemisphere — an operational leadership move that may be viewed positively for regional execution (Permian/Argentina experience). BusinessWire: Maxwell promotion
• Positive Sentiment: Stock recently hit a 52-week high, reflecting strong price momentum that could attract momentum-driven buyers ahead of earnings. Investing.com: 52-week high
• Neutral Sentiment: Insider / large-holder activity: a reported sale by Rep. Gilbert Ray Cisneros, Jr. — routine disclosure that can add short-term supply but not necessarily signal operational issues. AmericanBankingNews: insider sale
• Neutral Sentiment: Reminder: Halliburton will release quarterly results soon — earnings will likely be the primary near-term catalyst and could amplify moves in either direction. Earnings release notice
• Negative Sentiment: Legal risk: a former Halliburton executive alleges discriminatory dismissal and seeks $375M in claims — a potential headline and litigation exposure that could weigh on sentiment if it escalates. Punch: discrimination claim

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.