SPX Gestao de Recursos Ltda Makes New $29.75 Million Investment in Halliburton Company $HAL

SPX Gestao de Recursos Ltda acquired a new stake in Halliburton Company (NYSE:HAL) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 876,300 shares of the oilfield services company’s stock, valued at approximately $29,750,000. Halliburton comprises approximately 3.0% of SPX Gestao de Recursos Ltda’s investment portfolio, making the stock its 11th largest position.

A number of other institutional investors have also made changes to their positions in HAL. Newbridge Financial Services Group Inc. purchased a new position in shares of Halliburton in the second quarter valued at $25,000. Kelleher Financial Advisors purchased a new stake in Halliburton during the 3rd quarter worth $25,000. Meeder Asset Management Inc. purchased a new stake in Halliburton during the 2nd quarter worth $26,000. Kilter Group LLC acquired a new position in Halliburton in the 2nd quarter worth $26,000. Finally, Zions Bancorporation National Association UT lifted its holdings in Halliburton by 196.4% in the 4th quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after buying an additional 650 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Key Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton is reportedly in talks to supply equipment and services for the possible redevelopment of Venezuelan oil fields as U.S. companies discuss multibillion-dollar investments in the country’s energy sector. A successful agreement could create new equipment, drilling and production-service revenue opportunities. Chevron, Other U.S. Firms Near Deal to Invest Billions in Venezuelan Oil Fields
• Positive Sentiment: Halliburton recently won an integrated contract from BP for the first appraisal campaign at the Bumerangue field offshore Brazil. The project includes drilling, evaluation, automation and remote operations, supporting expectations for continued deepwater activity and international revenue growth. Why Halliburton (HAL) Stock Is Up Today
• Positive Sentiment: Call-option activity was unusually strong, with investors buying 25,477 calls—approximately 45% above average volume—indicating increased short-term bullish positioning, though options activity can also amplify volatility.
• Neutral Sentiment: Halliburton is hiring a senior offshore-leasing official from the Trump administration, a move that could strengthen government and regulatory expertise but does not immediately change earnings expectations. Trump’s Head of Offshore Leasing Leaving for Oilfield Services Firm Halliburton
• Negative Sentiment: Reported insider trading was one-sided over the past six months, with multiple executives and directors selling shares and no listed insider purchases. This may weigh on sentiment, although such sales can reflect compensation, diversification or scheduled transactions rather than a change in business outlook.

Halliburton Stock Performance

Shares of HAL stock opened at $36.19 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. Halliburton Company has a one year low of $21.40 and a one year high of $43.59. The company’s 50-day simple moving average is $33.82 and its 200-day simple moving average is $36.54. The stock has a market capitalization of $30.15 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 2.22 and a beta of 0.73.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The firm had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.Halliburton’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 earnings per share. Equities analysts anticipate that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $0.68 annualized dividend and a yield of 1.9%. Halliburton’s dividend payout ratio is 35.60%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Freedom Capital upgraded Halliburton from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 22nd. Capital One Financial increased their price target on Halliburton from $41.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Susquehanna lowered their price objective on Halliburton from $45.00 to $42.00 and set a “positive” rating for the company in a research note on Wednesday, July 8th. Piper Sandler upgraded Halliburton from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $40.00 to $43.00 in a report on Tuesday, July 14th. Finally, Morgan Stanley cut their target price on Halliburton from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Eighteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.10.

Insider Buying and Selling

In related news, CFO Eric Carre sold 24,778 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the sale, the chief financial officer owned 148,520 shares of the company’s stock, valued at approximately $5,330,382.80. This trade represents a 14.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the sale, the chief operating officer owned 118,730 shares in the company, valued at $4,166,235.70. The trade was a 30.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by corporate insiders.

Halliburton 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.