PFA Pension Forsikringsaktieselskab Buys Shares of 3,410,943 Halliburton Company $HAL

PFA Pension Forsikringsaktieselskab bought a new stake in Halliburton Company (NYSE:HAL) during the 4th quarter, Holdings Channel.com reports. The firm bought 3,410,943 shares of the oilfield services company’s stock, valued at approximately $97,178,000.

Several other institutional investors have also recently bought and sold shares of HAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Halliburton by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock worth $2,353,000 after purchasing an additional 6,507 shares in the last quarter. Woodline Partners LP raised its stake in shares of Halliburton by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock worth $1,861,000 after purchasing an additional 20,583 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Halliburton by 25.0% during the 1st quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock worth $1,320,000 after purchasing an additional 10,408 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Halliburton by 309.1% during the 1st quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock worth $1,749,000 after purchasing an additional 52,092 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Halliburton during the 1st quarter worth approximately $895,000. Institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HAL. Piper Sandler upped their price objective on Halliburton from $34.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. The Goldman Sachs Group boosted their target price on Halliburton from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Evercore raised Halliburton from an “in-line” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Friday, March 20th. JPMorgan Chase & Co. upped their price objective on Halliburton from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Finally, Zephirin Group upped their price objective on Halliburton from $30.00 to $31.00 and gave the company a “sell” rating in a report on Wednesday, April 22nd. Seventeen 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.09.

Insider Activity at Halliburton

In other news, EVP Van H. Beckwith sold 19,618 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $33.82, for a total transaction of $663,480.76. Following the sale, the executive vice president directly owned 344,535 shares of the company’s stock, valued at approximately $11,652,173.70. This represents a 5.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Timothy Mckeon sold 8,655 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $42.00, for a total value of $363,510.00. Following the sale, the vice president directly owned 72,976 shares in the company, valued at approximately $3,064,992. This trade represents a 10.60% 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. Insiders sold a total of 202,140 shares of company stock worth $7,936,927 in the last quarter. 0.57% of the stock is currently owned by corporate insiders.

Halliburton Stock Performance

HAL opened at $41.69 on Friday. The firm has a market cap of $34.83 billion, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 1.86 and a beta of 0.73. Halliburton Company has a 52-week low of $19.22 and a 52-week high of $42.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08. The business’s fifty day moving average is $37.28 and its 200-day moving average is $32.00.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.Halliburton’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. Sell-side analysts expect that Halliburton Company will post 2.31 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, March 4th. Halliburton’s dividend payout ratio is 37.36%.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Macro demand outlook — Oil‑service firms are positioning for a boom as global oil investment and producer activity pick up, which should lift equipment and services demand for Halliburton. Swashbuckling oil-services firms are preparing for a boom
• Positive Sentiment: Customer pull — Halliburton executives say smaller operators are “vacuuming up” idle equipment, implying increased utilization and potential revenue pickup for service providers. Halliburton executives: Smaller operators vacuuming up equipment slack
• Positive Sentiment: Analyst/TV support — Media and commentators (including Jim Cramer) are publicly positive on HAL as a cyclical play that has held up, which can support short‑term demand for the stock. Jim Cramer on Halliburton: “It’s Been a Good Stock Even in a Bad Oil Market”
• Neutral Sentiment: Recent results mixed — Last quarter HAL narrowly beat EPS and revenue estimates but showed modest year‑over‑year revenue decline; beats help sentiment but leave limited upside without stronger growth. MarketBeat HAL profile / recent earnings
• Neutral Sentiment: Energy-market divergence — Global gas tightness versus a US glut creates uneven activity across regions and basins; this mixed market backdrop could mute uniform upside for service companies. While Asia and Europe scramble for natural gas, the US glut has nowhere to go
• Negative Sentiment: Insider selling — VP Timothy McKeon sold 8,655 shares (under a Rule 10b5‑1 plan, which lowers interpretive weight), and director Tobi M. Young sold 6,125 shares (a ~28.7% cut to her holdings). Insider sales can sap sentiment even if some are pre‑arranged. McKeon Form 4 Young Form 4
• Negative Sentiment: Valuation/caution — Commentary that the recent rally “leaves little room for error” and other cautionary takes increase downside risk if growth disappoints or macro conditions shift. Halliburton: Recent Rally Leaves Little Room For Error

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.