Chesapeake Capital Corp IL Purchases Shares of 16,181 Halliburton Company $HAL

Chesapeake Capital Corp IL bought a new position in shares of Halliburton Company (NYSE:HAL) during the 4th quarter, Holdings Channel.com reports. The fund bought 16,181 shares of the oilfield services company’s stock, valued at approximately $457,000.

Several other hedge funds also recently made changes to their positions in HAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Halliburton by 7.5% during the first 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 during the period. Woodline Partners LP increased its holdings in shares of Halliburton by 39.0% during the first 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 during the period. Focus Partners Wealth increased its holdings in shares of Halliburton by 25.0% during the first 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 during the period. Intech Investment Management LLC increased its holdings in shares of Halliburton by 309.1% during the first 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 during the period. Finally, Acadian Asset Management LLC bought a new position in shares of Halliburton during the first quarter worth approximately $895,000. 85.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HAL. Griffin Securities raised shares of Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Wednesday, April 22nd. UBS Group raised their target price on shares of Halliburton from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Zephirin Group raised their target price on shares of Halliburton from $30.00 to $31.00 and gave the stock a “sell” rating in a report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Halliburton in a report on Friday, April 10th. Finally, Argus lifted their price objective on shares of Halliburton from $39.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.91.

Key Stories Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Barclays upgraded Halliburton to overweight and raised its price target to $55, signaling stronger confidence in the company’s upside. Barclays upgrade coverage
• Positive Sentiment: Broader analyst sentiment has improved, with multiple firms raising price targets and Halliburton’s latest earnings topping expectations.
• Neutral Sentiment: An insider sold 20,348 shares, but the transaction was made under a pre-arranged trading plan, making it less likely to reflect a negative change in the company’s outlook. Insider sale details
• Neutral Sentiment: New articles highlighting Halliburton’s trend status and valuation story reflect renewed market attention rather than a specific company event. Wall Street bullish or bearish article

Halliburton Price Performance

Shares of NYSE:HAL opened at $39.84 on Friday. The firm has a market cap of $33.29 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.71 and a beta of 0.73. The firm’s fifty day moving average is $37.58 and its 200-day moving average is $32.52. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08. Halliburton Company has a 52 week low of $19.38 and a 52 week high of $42.46.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 6.95% and a return on equity of 19.04%. Halliburton’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Sell-side analysts predict that Halliburton Company will post 2.32 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, March 4th. Halliburton’s payout ratio is 37.36%.

Insider Activity at Halliburton

In other news, Director Tobi M. Young sold 6,125 shares of Halliburton stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $41.72, for a total transaction of $255,535.00. Following the transaction, the director owned 15,250 shares in the company, valued at approximately $636,230. The trade was a 28.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Van H. Beckwith sold 19,618 shares of Halliburton 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 transaction, the executive vice president owned 344,535 shares in the company, valued at approximately $11,652,173.70. This trade represents a 5.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 222,488 shares of company stock valued at $8,789,305 in the last quarter. 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.