Northwestern Mutual Wealth Management Co. Purchases New Holdings in Halliburton Company $HAL

Northwestern Mutual Wealth Management Co. acquired a new position in Halliburton Company (NYSE:HAL) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 136,889 shares of the oilfield services company’s stock, valued at approximately $4,647,000.

Several other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Halliburton in the second quarter valued at $10,746,000. Evolve Private Wealth LLC acquired a new stake in Halliburton during the second quarter worth $721,000. Martin & Co. Inc. TN bought a new stake in Halliburton in the 2nd quarter valued at $5,613,000. Sumitomo Life Insurance Co. bought a new stake in Halliburton in the 2nd quarter valued at $289,000. Finally, Korea Investment CORP acquired a new position in shares of Halliburton in the 2nd quarter valued at $26,345,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Up 0.1%

HAL opened at $35.38 on Monday. The firm has a market cap of $29.48 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 2.21 and a beta of 0.73. 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’s 50-day simple moving average is $33.95 and its 200-day simple moving average is $36.53. Halliburton Company has a twelve month low of $21.40 and a twelve month high of $43.59.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Halliburton in a research report on Wednesday, July 8th. Piper Sandler upgraded shares of Halliburton from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $40.00 to $43.00 in a research note on Tuesday, July 14th. Capital One Financial lifted their price objective on Halliburton from $41.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Freedom Capital upgraded Halliburton from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Evercore reiterated an “outperform” rating and issued a $43.00 price objective on shares of Halliburton in a research note on Wednesday, July 22nd. Eighteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.10.

Key Stories Impacting Halliburton

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 at Halliburton

In other news, COO Jeffrey Shannon Slocum sold 52,572 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 118,730 shares of the company’s stock, valued at $4,166,235.70. The trade was a 30.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the stock in a transaction that occurred 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 sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.57% of the company’s stock.

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.