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

Rakuten Investment Management Inc. acquired a new position in shares of Halliburton Company (NYSE:HAL) during the second quarter, HoldingsChannel.com reports. The firm acquired 136,625 shares of the oilfield services company’s stock, valued at approximately $4,658,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital Research Global Investors grew its holdings in Halliburton by 21.1% in the 4th quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock valued at $3,114,848,000 after buying an additional 19,190,520 shares in the last quarter. BlackRock Inc. acquired a new position in Halliburton in the 2nd quarter valued at about $2,812,327,000. State Street Corp boosted its holdings in Halliburton by 1.7% in the 4th quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company’s stock valued at $1,436,336,000 after purchasing an additional 861,964 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Halliburton by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company’s stock valued at $878,806,000 after buying an additional 443,064 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Halliburton by 82,596.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock worth $841,339,000 after buying an additional 29,735,387 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Price Performance

Halliburton stock opened at $36.19 on Monday. The company’s 50 day simple moving average is $33.82 and its 200-day simple moving average is $36.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. Halliburton Company has a 1 year low of $21.40 and a 1 year high of $43.59. The company has a market capitalization of $30.15 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 2.27 and a beta of 0.73.

Halliburton (NYSE:HAL) last posted 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 net margin of 7.16% and a return on equity of 18.71%. The firm had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter last year, the company 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 expect that Halliburton Company will post 2.34 earnings per share for the current year.

Halliburton Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently commented on HAL shares. BMO Capital Markets set a $37.00 price target on shares of Halliburton in a research report on Wednesday, July 22nd. Piper Sandler raised Halliburton from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $40.00 to $43.00 in a research note on Tuesday, July 14th. TD Cowen reduced their target price on Halliburton from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. UBS Group decreased their price target on Halliburton from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Finally, Wall Street Zen lowered Halliburton from a “buy” rating to a “hold” rating in a research note on Monday. Eighteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Halliburton presently 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 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.

Insiders Place Their Bets

In related news, COO Jeffrey Shannon Slocum sold 52,572 shares of the business’s stock in a transaction 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 sale, the chief operating officer owned 118,730 shares in the company, valued at approximately $4,166,235.70. The trade was a 30.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 the stock in a transaction dated 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 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is owned by corporate insiders.

Halliburton 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.