Halliburton (NYSE:HAL) Price Target Raised to $38.00

Halliburton (NYSE:HAL) had its price objective upped by Royal Bank Of Canada from $36.00 to $38.00 in a research report report published on Thursday morning, MarketBeat.com reports. They currently have an outperform rating on the oilfield services company’s stock.

Other analysts have also recently issued reports about the company. HSBC set a $30.00 price target on Halliburton and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Citigroup lifted their target price on shares of Halliburton from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Rothschild Redb upgraded shares of Halliburton to a “strong-buy” rating in a research report on Monday, November 3rd. Piper Sandler raised their price target on shares of Halliburton from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Finally, Stifel Nicolaus set a $36.00 price target on shares of Halliburton in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Halliburton currently has an average rating of “Moderate Buy” and a consensus price target of $34.57.

Halliburton Stock Up 0.8%

HAL opened at $33.97 on Thursday. The company has a market cap of $28.59 billion, a PE ratio of 22.50 and a beta of 0.78. Halliburton has a twelve month low of $18.72 and a twelve month high of $35.55. The company has a 50-day moving average price of $28.97 and a 200 day moving average price of $25.31. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.54 by $0.15. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same period in the previous year, the business earned $0.73 EPS. Halliburton’s quarterly revenue was up .8% on a year-over-year basis. Sell-side analysts expect that Halliburton will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 3rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. Halliburton’s dividend payout ratio is currently 45.03%.

Insider Buying and Selling

In other news, insider Mark Richard sold 160,000 shares of the stock in a transaction that occurred 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 $12,562,425.98. This represents a 26.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Lawrence J. Pope sold 100,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 419,800 shares of the company’s stock, valued at $13,538,550. This represents a 19.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 268,854 shares of company stock worth $7,915,138. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HAL. Farther Finance Advisors LLC raised its position in Halliburton by 81.7% in the fourth quarter. Farther Finance Advisors LLC now owns 14,129 shares of the oilfield services company’s stock valued at $399,000 after purchasing an additional 6,351 shares during the period. Bridgewater Advisors Inc. acquired a new stake in shares of Halliburton during the 4th quarter worth about $203,000. Sage Mountain Advisors LLC increased its position in shares of Halliburton by 9.3% during the 4th quarter. Sage Mountain Advisors LLC now owns 13,979 shares of the oilfield services company’s stock worth $395,000 after purchasing an additional 1,185 shares during the last quarter. Guidance Capital Inc. raised its holdings in Halliburton by 2.2% in the 4th quarter. Guidance Capital Inc. now owns 23,191 shares of the oilfield services company’s stock valued at $655,000 after buying an additional 493 shares during the period. Finally, BSW Wealth Partners acquired a new position in Halliburton in the fourth quarter valued at about $277,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q4 beat and operational momentum — HAL topped EPS and revenue expectations, with improved margins and management emphasizing capital returns (buybacks/dividends) that support per-share value. MarketBeat: Halliburton Beat Expectations
• Positive Sentiment: Analyst upgrades and price-target raises — multiple firms (TD Cowen, Susquehanna, RBC, BMO, JPMorgan, Evercore, Stifel, Capital One) raised targets or ratings after results, signaling consensus sentiment lift and providing upward price catalysts. Benzinga: Analysts Increase Forecasts
• Positive Sentiment: New strategic initiatives — a $35M Halliburton–A*STAR lab in Singapore targets faster tech-enabled growth in Asia, supporting international revenue diversification and longer-term service/product improvements. SBR: Halliburton, A*STAR $35m lab
• Positive Sentiment: Venezuela opportunity — company comments and hiring activity point to a potential quick re-entry if cleared politically, which could materially expand international revenue. WSJ: Halliburton Prepares to Re-Enter Venezuela
• Neutral Sentiment: Options activity and new highs — large call buying and a 12-month high reflect elevated speculative and institutional interest, but they can amplify short-term volatility. AmericanBankingNews: Investors Buy Calls
• Neutral Sentiment: Macro/sector noise — broader energy-market swings and geopolitics (plus periodic headlines) create background volatility that can mask company fundamentals in the near term. SeeItMarket: Energy Stocks Steady Amid Macro Chaos
• Negative Sentiment: Profit nuance — while EPS beat, net income edged down year-over-year (reported net income decline), highlighting some margin or one-time items that temper the beat. Yahoo: Q4 net income falls 4.2%
• Negative Sentiment: Analyst downgrade — Zephirin Group cut HAL from Buy to Hold and trimmed its target to $28, flagging downside risk and reminding investors not all analysts are convinced upside is sustained. MarketScreener: Zephirin Downgrades HAL

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.