Halliburton (NYSE:HAL) Price Target Raised to $39.00

Halliburton (NYSE:HAL) had its price target increased by TD Cowen from $38.00 to $39.00 in a report published on Wednesday,Benzinga reports. The firm currently has a buy rating on the oilfield services company’s stock.

Several other brokerages have also issued reports on HAL. Zephirin Group boosted their target price on Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Cowen reaffirmed a “buy” rating on shares of Halliburton in a report on Wednesday. BMO Capital Markets lifted their price target on Halliburton from $28.00 to $31.00 in a research note on Tuesday, November 11th. Rothschild & Co Redburn assumed coverage on shares of Halliburton in a research report on Monday, November 3rd. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Piper Sandler increased their price objective on Halliburton from $27.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and an average target price of $32.71.

Halliburton Stock Up 1.5%

Shares of NYSE HAL opened at $32.64 on Wednesday. The company’s 50 day moving average price is $27.87 and its 200-day moving average price is $24.46. Halliburton has a 52-week low of $18.72 and a 52-week high of $33.03. The company has a market capitalization of $27.47 billion, a P/E ratio of 21.62 and a beta of 0.78. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 1.95.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.Halliburton’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 earnings per share. Equities analysts forecast that Halliburton will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, December 3rd. Halliburton’s dividend payout ratio (DPR) is currently 45.03%.

Insider Buying and Selling at Halliburton

In other Halliburton news, insider Mark Richard sold 160,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was 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 in the company, valued at $12,562,425.98. This represents a 26.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Lawrence J. Pope sold 100,000 shares of Halliburton stock in a transaction on Monday, January 5th. The shares were 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. This trade represents a 19.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 268,854 shares of company stock valued at $7,915,138. Company insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HAL. Clearstead Trust LLC raised its position in Halliburton by 7.4% in the 3rd quarter. Clearstead Trust LLC now owns 5,370 shares of the oilfield services company’s stock worth $132,000 after purchasing an additional 370 shares during the period. Angeles Wealth Management LLC grew its stake in shares of Halliburton by 3.6% during the third quarter. Angeles Wealth Management LLC now owns 11,320 shares of the oilfield services company’s stock valued at $278,000 after buying an additional 392 shares during the last quarter. True Wealth Design LLC grew its stake in shares of Halliburton by 21.0% during the fourth quarter. True Wealth Design LLC now owns 2,434 shares of the oilfield services company’s stock valued at $69,000 after buying an additional 423 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Halliburton by 22.2% in the third quarter. Parkside Financial Bank & Trust now owns 2,369 shares of the oilfield services company’s stock worth $58,000 after buying an additional 431 shares during the period. Finally, Profund Advisors LLC lifted its stake in shares of Halliburton by 0.9% during the 3rd quarter. Profund Advisors LLC now owns 51,508 shares of the oilfield services company’s stock worth $1,267,000 after acquiring an additional 463 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: High-profile bullish mentions and Venezuela talk lift sentiment: Jim Cramer highlighted HAL as a speculative play on a Venezuela rebuild, adding retail/investor attention that can boost momentum. I Like Halliburton (HAL), Says Jim Cramer
• Positive Sentiment: Macro headline: U.S. hosting talks on Venezuelan crude lifted oil names including HAL as investors price potential future work and higher activity for service providers. Oil Stocks Rise as U.S. Hosts Talks on Venezuelan Crude
• Positive Sentiment: Analyst upside: TD Cowen published a bullish forecast calling for strong price appreciation for HAL, supporting investor expectations for earnings leverage if activity ramps. TD Cowen Forecasts Strong Price Appreciation for Halliburton (NYSE:HAL) Stock
• Neutral Sentiment: Strategic context: Coverage pieces and valuation checks are evaluating HAL as a Venezuela play but many analysts remain cautious and keep neutral/hold ratings until clarity on contracts and guarantees emerges. Halliburton: Keeping An Eye On Venezuela, But Maintaining Our Previous Rating – Hold
• Neutral Sentiment: News flow: Major outlets (Barron’s/WSJ) report meetings between the U.S. government and oil majors about Venezuela, which supports longer‑term opportunity but not immediate guaranteed contracts. Trump to Meet With Chevron and Other Oil Companies on Venezuela. What We Know.
• Negative Sentiment: Analyst caution: Evercore ISI cut HAL to “In‑Line,” a near‑term negative that can cap upside by tempering institutional demand. Halliburton (NYSE:HAL) Cut to “In-Line” at Evercore ISI
• Negative Sentiment: Insider selling: A Halliburton EVP sold about $3.225M of stock, which investors may view as a modest negative signal on insider conviction. Insider Selling: Halliburton (NYSE:HAL) EVP Sells $3,225,000.00 in Stock
• Negative Sentiment: Operational caution: Reports quote officials saying big oil players will likely move slowly in Venezuela and will seek guarantees — slowing the timing of any material work for HAL. Bessent says largest oil companies are likely to move slower in Venezuela

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.