Halliburton Company

(New York Stock Exchange)
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Bullish +55

Fifth Third Bancorp Acquires 148,132 Shares of Halliburton Company $HAL

AI-generated analysis

πŸ“ˆ Fifth Third Bancorp increased its Halliburton holdings by 289% in Q1, adding 148,132 shares valued at $7.77 million.

πŸ“ˆ Northwestern Mutual Wealth Management Co. surged its position by 82,596%, now owning 29.77 million shares worth $841 million.

πŸ“ˆ Capital Research Global Investors added 19.19 million shares, increasing its stake by 21.1% to a total value of $3.11 billion.

πŸ“‰ Norges Bank and Canoe Financial LP established new positions valued at approximately $169 million and $158 million respectively.

πŸ“ˆ AQR Capital Management grew its holdings by 85.5% in Q2, adding nearly 4 million shares worth $175 million.

πŸ’° Halliburton reported Q1 EPS of $0.55, beating the consensus estimate of $0.50 and revenue of $5.40 billion.

πŸ“‰ Revenue declined slightly by 0.3% year-over-year to $5.40 billion during the first quarter.

πŸ’΅ The company paid a quarterly dividend of $0.17 per share on June 24th with an annualized yield of 1.9%.

πŸ“‰ Corporate insiders sold 258,255 shares worth $10.55 million over the last three months under Rule 10b5-1 plans.

πŸ“Š Analysts maintain a 'Moderate Buy' average rating with a consensus price target of $43.27 based on MarketBeat data.

πŸ† Susquehanna lowered its target to $42 but maintained a 'positive' rating in a July 8th research note.

πŸ“ˆ Rothschild & Co Redburn raised its price objective to $49 and issued a 'buy' rating on May 15th.

🏦 BMO Capital Markets increased its target to $45 with a 'market perform' rating in a May 13th report.

⚠️ Zephirin Group raised its target to $31 but issued a 'sell' rating on April 22nd.

🏒 Halliburton is one of the world's largest providers of products and services to the energy industry, headquartered in Houston.

Bullish Signals
  • Fifth Third Bancorp increased its holdings by 289% in Q1, adding 148,132 shares valued at $7.77 million.
  • Northwestern Mutual Wealth Management Co. increased its stake by 82,596%, now owning 29.77 million shares worth $841 million.
  • Capital Research Global Investors lifted holdings by 21.1% to own 110.22 million shares valued at $3.11 billion.
  • Norges Bank purchased a new position valued at approximately $169 million during the fourth quarter.
  • Canoe Financial LP established a new position valued at approximately $158 million in the first quarter.
  • AQR Capital Management grew its holdings by 85.5% in Q2, adding 3.97 million shares worth $175 million.
  • Halliburton reported EPS of $0.55, topping the consensus estimate of $0.50 by $0.05.
  • Revenue of $5.40 billion exceeded analyst estimates of $5.37 billion for the quarter.
  • The company achieved a net margin of 6.95% and a return on equity of 19.04%.
  • Susquehanna lowered its target price to $42 but maintained a 'positive' rating on the stock.
  • Rothschild & Co Redburn increased its price objective to $49 and gave the stock a 'buy' rating.
  • BMO Capital Markets raised its price target to $45 with a 'market perform' rating.
  • The company paid a quarterly dividend of $0.17 per share on June 24th, yielding 1.9% annually.
  • Institutional investors own 85.23% of the company's stock, indicating strong institutional confidence.
Risk Factors
  • Halliburton's revenue for the quarter was down 0.3% on a year-over-year basis.
  • Corporate insiders sold a total of 258,255 shares worth $10.55 million over the last three months.
  • Zephirin Group issued a 'sell' rating and raised its target price to $31 in an April 22nd report.
  • Wolfe Research assumed coverage on July 8th with a 'peer perform' rating, indicating neutral sentiment.
Full Analysis
Fifth Third Bancorp significantly increased its stake in Halliburton (NYSE:HAL) by 289% in the first quarter, adding 148,132 shares valued at $7.77 million to reach a total holding of 199,391 shares. Other major institutional investors also adjusted their positions, with Northwestern Mutual Wealth Management Co. increasing its stake by over 82,000% to own nearly 30 million shares worth $841 million, and Capital Research Global Investors lifting holdings by 21.1%. Halliburton reported quarterly earnings on April 21st, beating analyst estimates with EPS of $0.55 versus a consensus of $0.50 and revenue of $5.40 billion against expectations of $5.37 billion. The company achieved a net margin of 6.95% and a return on equity of 19.04%, though revenue declined slightly by 0.3% year-over-year. Analysts currently anticipate full-year earnings of $2.35 per share. Corporate insiders sold a total of 258,255 shares worth approximately $10.55 million over the last three months under pre-arranged Rule 10b5-1 trading plans, including sales by EVP Van H. Beckwith and VP Timothy McKeon. The company recently paid a quarterly dividend of $0.17 per share on June 24th, resulting in an annualized yield of 1.9% with a payout ratio of 37.36%. Analyst ratings remain mixed but generally positive, with an average price target of $43.27.