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

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

HAL stock traded down $0.26 during midday trading on Friday, reaching $25.08. The stock had a trading volume of 6,909,346 shares, compared to its average volume of 9,208,992. The firm has a fifty day simple moving average of $25.99 and a two-hundred day simple moving average of $27.95. Halliburton has a 52-week low of $23.42 and a 52-week high of $41.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The stock has a market cap of $21.77 billion, a PE ratio of 8.86, a P/E/G ratio of 3.79 and a beta of 1.84.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays reduced 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. UBS Group lowered shares of Halliburton from a “buy” rating to a “neutral” rating and lowered their price target for the company from $36.00 to $34.00 in a report on Monday, December 9th. Wells Fargo & Company reduced their price objective on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. JPMorgan Chase & Co. dropped their target price on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Finally, Griffin Securities downgraded Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Hedge Funds Weigh In On Halliburton

Hedge funds and other institutional investors have recently modified their holdings of the business. Mascagni Wealth Management Inc. acquired a new stake in Halliburton in the 4th quarter valued at about $28,000. 111 Capital purchased a new position in Halliburton during the fourth quarter worth approximately $483,000. Wealth Enhancement Advisory Services LLC boosted its stake in Halliburton by 18.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 119,424 shares of the oilfield services company’s stock worth $3,247,000 after buying an additional 18,245 shares during the last quarter. Hara Capital LLC grew its holdings in Halliburton by 212.4% in the 4th quarter. Hara Capital LLC now owns 54,284 shares of the oilfield services company’s stock valued at $1,476,000 after buying an additional 36,907 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Halliburton in the 4th quarter worth $33,832,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the transaction, the director now owns 10,551 shares of the company’s stock, valued at $253,646.04. This represents a 26.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Eric Carre sold 51,179 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the sale, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,177,525. This trade represents a 28.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 206,782 shares of company stock worth $5,321,170 in the last quarter. Company 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.

About Halliburton

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.