Illinois Municipal Retirement Fund Purchases New Position in Halliburton Company $HAL

Posted by Patrick Bannon on Jul 23rd, 2026

Illinois Municipal Retirement Fund purchased a new position in Halliburton Company (NYSE:HAL – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 29,615 shares of the oilfield services company’s stock, valued at approximately $1,155,000.

Several other large investors also recently added to or reduced their stakes in HAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Halliburton by 7.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock valued at $2,353,000 after purchasing an additional 6,507 shares during the last quarter. Woodline Partners LP raised its holdings in Halliburton by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock valued at $1,861,000 after buying an additional 20,583 shares during the period. Focus Partners Wealth lifted its position in Halliburton by 25.0% in the first quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock worth $1,320,000 after buying an additional 10,408 shares during the last quarter. Intech Investment Management LLC lifted its position in Halliburton by 309.1% in the first quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock worth $1,749,000 after buying an additional 52,092 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Halliburton during the first quarter worth $895,000. 85.23% of the stock is owned by institutional investors.

Halliburton Trading Down 0.6%

HAL stock opened at $33.00 on Thursday. The company has a market capitalization of $27.57 billion, a PE ratio of 17.28, a P/E/G ratio of 1.53 and a beta of 0.71. Halliburton Company has a 12 month low of $20.39 and a 12 month high of $43.59. The firm’s 50-day moving average is $37.28 and its 200 day moving average is $36.45. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.54.

Halliburton (NYSE:HAL – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. On average, research analysts anticipate that Halliburton Company will post 2.36 EPS for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 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 of this dividend was Wednesday, June 3rd. Halliburton’s payout ratio is currently 37.36%.

Insider Transactions at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 198,349 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $41.29, for a total value of $8,189,830.21. Following the completion of the sale, the executive vice president directly owned 146,186 shares in the company, valued at approximately $6,036,019.94. This represents a 57.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 transaction, the vice president directly owned 72,976 shares in the company, valued at $3,064,992. The trade was a 10.60% 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 have sold 258,255 shares of company stock valued at $10,550,535 in the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Trending Headlines about Halliburton

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

Analyst Upgrades and Downgrades

HAL has been the topic of several recent analyst reports. UBS Group increased their target price on shares of Halliburton from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Morgan Stanley dropped their price target on shares of Halliburton from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday. Susquehanna cut their price target on shares of Halliburton from $45.00 to $42.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. HSBC increased their price objective on shares of Halliburton from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Argus raised their price objective on shares of Halliburton from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.38.

Get Our Latest Stock Report on Halliburton

About Halliburton

(Free Report)

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.