Halliburton (NYSE:HAL) Upgraded by Freedom Capital to “Hold” Rating

Freedom Capital upgraded shares of Halliburton (NYSE:HAL) from a strong sell rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

Other equities analysts have also issued reports about the company. Griffin Securities upgraded Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Wednesday, April 22nd. Citigroup raised their price objective on Halliburton from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Capital One Financial lifted their price objective on Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Wolfe Research began coverage on Halliburton in a research report on Wednesday, July 8th. They set a “peer perform” rating on the stock. Finally, BMO Capital Markets set a $37.00 target price on Halliburton in a research note on Wednesday. Eighteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.38.

Halliburton Stock Performance

NYSE HAL opened at $33.00 on Wednesday. The company’s fifty day moving average is $37.28 and its two-hundred day moving average is $36.45. Halliburton has a 52-week low of $20.39 and a 52-week high of $43.59. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.54. The firm has a market capitalization of $27.57 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 1.53 and a beta of 0.71.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, beating 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 business had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts forecast that Halliburton will post 2.36 EPS for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, June 3rd. Halliburton’s dividend payout ratio is currently 37.36%.

Insiders Place Their Bets

In related news, EVP Van H. Beckwith sold 198,349 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the completion of the transaction, the executive vice president owned 146,186 shares in the company, valued at $6,036,019.94. This trade represents a 57.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the sale, the chief financial officer directly owned 148,520 shares in the company, valued at approximately $5,330,382.80. This represents a 14.30% decrease in their position. 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 258,255 shares of company stock worth $10,550,535 in the last 90 days. 0.57% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Halliburton

A number of hedge funds have recently made changes to their positions in HAL. Capital Research Global Investors grew its stake in Halliburton by 21.1% during the fourth quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock worth $3,114,848,000 after buying an additional 19,190,520 shares during the last quarter. State Street Corp raised its stake in shares of Halliburton by 1.7% in the fourth quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company’s stock valued at $1,436,336,000 after acquiring an additional 861,964 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Halliburton by 1.4% in the fourth 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 acquiring an additional 443,064 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Halliburton by 82,596.0% in 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 acquiring an additional 29,735,387 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Halliburton by 14.0% in the 4th quarter. Morgan Stanley now owns 15,806,168 shares of the oilfield services company’s stock worth $446,682,000 after acquiring an additional 1,943,845 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton News Roundup

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton reported Q2 adjusted EPS of $0.55 on revenue of $5.71 billion, both ahead of expectations, with revenue up year over year and strong international demand helping results. Halliburton Announces Second Quarter 2026 Results
• Positive Sentiment: The company said international revenue hit a 10-year high and management highlighted margin expansion and confidence in continued growth, which supports the longer-term outlook. Halliburton Tops Estimates as International Demand Strengthens
• Positive Sentiment: Halliburton won a multi-year contract from Kuwait Oil Company to help develop the Ahmadi Innovation Valley, adding to its international project momentum. Kuwait Oil Company Awards Long-Term Agreement to Advance Technology Development Ahmadi Innovation Valley
• Positive Sentiment: TD Cowen lowered its price target slightly to $47 but kept a buy rating, signaling continued analyst confidence and implying meaningful upside from current levels. Benzinga report on TD Cowen target cut
• Neutral Sentiment: Several analysts trimmed forecasts after the Q2 report, but the cuts appear to reflect a more cautious near-term view rather than a change in the company’s underlying profitability or contract wins. Analysts Cut Their Forecasts On Halliburton Following Q2 Results
• Negative Sentiment: Investor sentiment was hurt by weaker Middle East activity and management’s warning that regional disruption is pressuring results, with some reports noting the market viewed the revenue outlook as tepid. Reuters report on second-quarter profit rise
• Negative Sentiment: Despite beating estimates, shares fell after the earnings release because the improvement was offset by concerns about Middle East operations and a softer short-term outlook for oilfield services demand. Barrons article on stock falling after earnings

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.