Ieq Capital LLC Invests $20.40 Million in Halliburton Company $HAL

Ieq Capital LLC bought a new stake in shares of Halliburton Company (NYSE:HAL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 600,958 shares of the oilfield services company’s stock, valued at approximately $20,403,000. Ieq Capital LLC owned 0.07% of Halliburton at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC grew its stake in Halliburton by 10.2% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,794 shares of the oilfield services company’s stock worth $109,000 after acquiring an additional 258 shares in the last quarter. Vermillion Wealth Management Inc. raised its stake in shares of Halliburton by 24.8% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company’s stock valued at $41,000 after acquiring an additional 289 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Halliburton by 1.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company’s stock valued at $659,000 after purchasing an additional 349 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Halliburton by 7.3% in the fourth quarter. Harbour Investments Inc. now owns 5,320 shares of the oilfield services company’s stock valued at $150,000 after purchasing an additional 361 shares during the period. Finally, Kingsview Wealth Management LLC grew its stake in Halliburton by 3.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 10,363 shares of the oilfield services company’s stock worth $293,000 after purchasing an additional 365 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

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.

Insider Activity

In other news, COO Jeffrey Shannon Slocum sold 52,572 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of Halliburton stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total transaction of $889,282.42. Following the completion of the transaction, the chief financial officer directly owned 148,520 shares in the company, valued at approximately $5,330,382.80. The trade was a 14.30% 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. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup lifted their target price on Halliburton from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Wolfe Research assumed coverage on Halliburton in a research report on Wednesday, July 8th. They set a “peer perform” rating on the stock. Rothschild & Co Redburn raised their price target on Halliburton from $40.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, May 15th. BMO Capital Markets set a $37.00 price objective on Halliburton in a report on Wednesday, July 22nd. Finally, Susquehanna lowered their price objective on shares of Halliburton from $45.00 to $42.00 and set a “positive” rating for the company in a research note on Wednesday, July 8th. Eighteen research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.10.

Halliburton Trading Down 0.9%

Shares of NYSE:HAL opened at $35.38 on Friday. Halliburton Company has a 12-month low of $21.40 and a 12-month high of $43.59. The business’s fifty day simple moving average is $33.95 and its 200-day simple moving average is $36.50. The company has a market capitalization of $29.48 billion, a PE ratio of 18.52, a P/E/G ratio of 2.23 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 issued its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The firm had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the prior year, the business posted $0.55 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts predict that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

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.