Rep. Robert Bresnahan, Jr. Purchases Shares of Halliburton (NYSE:HAL)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Halliburton NYSE: HAL. In a filing disclosed on March 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Halliburton stock on February 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
• Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
• Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.

Halliburton Stock Performance

Halliburton stock traded up $0.01 during trading on Wednesday, hitting $25.56. The stock had a trading volume of 1,859,053 shares, compared to its average volume of 9,198,270. The stock's 50 day moving average is $25.82 and its two-hundred day moving average is $27.91. Halliburton has a 1 year low of $23.42 and a 1 year high of $41.56. The stock has a market cap of $22.18 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.66%. Halliburton's payout ratio is currently 24.03%.

Institutional Trading of Halliburton

Several institutional investors have recently added to or reduced their stakes in HAL. Norges Bank bought a new stake in shares of Halliburton in the 4th quarter valued at about $299,986,000. Franklin Resources Inc. boosted its stake in shares of Halliburton by 244.5% during the third quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company's stock valued at $138,025,000 after purchasing an additional 3,203,224 shares during the period. Amundi grew its holdings in shares of Halliburton by 22.2% in the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock worth $353,242,000 after purchasing an additional 2,378,043 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Halliburton by 15.6% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock worth $437,587,000 after buying an additional 2,171,722 shares during the period. Finally, Pacer Advisors Inc. boosted its position in Halliburton by 10.4% during the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock valued at $503,856,000 after buying an additional 1,748,763 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on HAL shares. Jefferies Financial Group cut their price target on Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Griffin Securities downgraded shares of Halliburton from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Barclays dropped their price target on shares of Halliburton from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, January 2nd. Finally, Piper Sandler assumed coverage on Halliburton in a report on Thursday, December 19th. They issued an "overweight" rating and a $36.00 price target for the company. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $37.37.

Insider Activity

In other news, Director Margaret Katherine Banks sold 3,900 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value of $93,756.00. Following the sale, the director now directly owns 10,551 shares of the company's stock, valued at $253,646.04. This represents a 26.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction dated 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 directly owns 127,101 shares of the company's stock, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 206,782 shares of company stock valued at $5,321,170. Insiders own 0.61% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Halliburton Company Profile

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.