Rep. Jefferson Shreve Sells Halliburton (NYSE:HAL) Shares

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 Stock Performance

NYSE:HAL traded down $0.29 during trading hours on Tuesday, reaching $24.60. 3,776,571 shares of the company’s stock were exchanged, compared to its average volume of 10,878,870. The company has a 50-day moving average of $26.77 and a 200 day moving average of $28.44. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $21.36 billion, a price-to-earnings ratio of 8.68, a P/E/G ratio of 3.79 and a beta of 1.84.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.76%. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Piper Sandler started coverage on Halliburton in a report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price target for the company. Morgan Stanley decreased their target price 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $34.00 price target on shares of Halliburton in a research note on Thursday, January 23rd. Benchmark dropped their target price on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, Barclays dropped their price objective on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.42.

Hedge Funds Weigh In On Halliburton

Large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in shares of Halliburton by 4.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 152,741 shares of the oilfield services company’s stock valued at $4,437,000 after buying an additional 6,258 shares during the period. QRG Capital Management Inc. boosted its stake in Halliburton by 12.2% in the third quarter. QRG Capital Management Inc. now owns 42,239 shares of the oilfield services company’s stock valued at $1,227,000 after acquiring an additional 4,583 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Halliburton by 2.3% during the third quarter. Principal Financial Group Inc. now owns 2,889,257 shares of the oilfield services company’s stock valued at $83,933,000 after purchasing an additional 63,994 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Halliburton during the 3rd quarter worth approximately $5,108,000. Finally, Townsend & Associates Inc boosted its position in Halliburton by 4.2% during the 3rd quarter. Townsend & Associates Inc now owns 57,199 shares of the oilfield services company’s stock valued at $1,591,000 after purchasing an additional 2,328 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the business’s 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 sale, the chief financial officer now directly owns 127,101 shares in the company, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was 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. This represents a 26.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 155,603 shares of company stock valued at $4,041,695 over the last three months. Company insiders own 0.61% of the company’s stock.

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 [email protected] 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.

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.