Representative Jefferson Shreve (R-Indiana) recently sold shares of Halliburton NYSE: HAL. In a filing disclosed on March 09th, the Representative disclosed that they had sold between $15,001 and $50,000 in Halliburton stock on February 24th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Purchased $15,001 - $50,000 in shares of RTX NYSE: RTX on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Royal Gold NASDAQ: RGLD on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of QUALCOMM NASDAQ: QCOM on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 2/24/2025.
- Sold $15,001 - $50,000 in shares of Norfolk Southern NYSE: NSC on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 2/24/2025.
- Purchased $50,001 - $100,000 in shares of AbbVie NYSE: ABBV on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of The Cigna Group NYSE: CI on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 2/24/2025.
Halliburton Price Performance
NYSE:HAL traded up $0.20 during midday trading on Wednesday, hitting $24.86. 3,387,452 shares of the stock were exchanged, compared to its average volume of 10,913,547. The business has a 50-day moving average price of $26.72 and a two-hundred day moving average price of $28.39. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $21.58 billion, a price-to-earnings ratio of 8.76, a P/E/G ratio of 3.79 and a beta of 1.84. Halliburton has a one year low of $23.42 and a one year high of $41.56.
Halliburton Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.74%. Halliburton's dividend payout ratio is presently 24.03%.
Institutional Investors Weigh In On Halliburton
A number of institutional investors have recently bought and sold shares of HAL. MidWestOne Financial Group Inc. lifted its position in shares of Halliburton by 4.4% in the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company's stock worth $250,000 after purchasing an additional 359 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Halliburton by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company's stock valued at $4,480,000 after buying an additional 390 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock valued at $51,000 after buying an additional 393 shares during the period. HBW Advisory Services LLC grew its holdings in shares of Halliburton by 3.9% during the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company's stock valued at $286,000 after acquiring an additional 397 shares in the last quarter. Finally, Blume Capital Management Inc. increased its stake in shares of Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after acquiring an additional 400 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, CFO Eric Carre sold 141,206 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This represents a 52.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the sale, the director now directly owns 10,551 shares of the company's stock, valued at approximately $253,646.04. The trade was a 26.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 155,603 shares of company stock worth $4,041,695. Corporate insiders own 0.61% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on HAL. Royal Bank of Canada reissued a "sector perform" rating and issued a $34.00 price objective on shares of Halliburton in a research note on Thursday, January 23rd. Morgan Stanley dropped their price target on shares of Halliburton from $35.00 to $34.00 and set an "overweight" rating on the stock in a research report on Monday, November 18th. Piper Sandler started coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an "overweight" rating and a $36.00 price objective for the company. Raymond James cut shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. Finally, UBS Group lowered shares of Halliburton from a "buy" rating to a "neutral" rating and cut their target price for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $37.42.
View Our Latest Stock Report on Halliburton
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
About Halliburton
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Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.
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