Analysts Set $32.71 Halliburton Target as Insiders Sell $7.9M Stock
Twenty-four analysts covering Halliburton average a ‘Moderate Buy’ consensus with a $32.71 average 12-month price target after recent upward revisions from Morgan Stanley ($34) and Susquehanna ($36). EVP Lawrence J. Pope sold 100,000 shares for $3.23 million, while insiders disposed of 268,854 shares worth $7.9 million over three months.
1. Analyst Consensus and Outlook
Twenty-four research firms maintain coverage on Halliburton, assigning an average rating of Moderate Buy. Six analysts recommend a hold stance, sixteen recommend buy and two recommend strong buy. The collective 12-month price objective stands at 32.71, reflecting expectations for modest upside potential over the coming year.
2. Q3 Financial Performance Exceeds Estimates
In the third quarter, Halliburton reported revenue of 5.60 billion, surpassing the consensus estimate of 5.39 billion. Adjusted earnings per share of 0.58 outpaced the consensus forecast of 0.50. Net margin reached 5.91% and return on equity was 20.12%. Revenue declined 1.7% year-over-year, while EPS declined from 0.73 in the same period last year, underscoring ongoing pressure from service pricing and activity mix.
3. Recent Insider Dispositions
Executive vice presidents have collectively reduced their positions by selling 108,854 shares over two transactions. On January 5th, Lawrence J. Pope sold 100,000 shares, representing a 19.24% cut in his holdings. On December 5th, Van H. Beckwith sold 8,854 shares, a 2.59% reduction. Insider selling over the past three months totaled 268,854 shares, equating to 0.61% of shares outstanding.
4. Institutional Positioning and Dividend Profile
Institutional investors hold 85.23% of the shares, with several new stakes established in recent quarters by Cullen Frost Bankers, Kelleher Financial Advisors, Newbridge Financial and others, each deploying roughly 25,000–32,000 in fresh capital. The company declared a quarterly dividend of 0.17 per share, translating to an annualized yield of 2.1% and a payout ratio of 45.03%, reflecting a balanced approach to returning capital while preserving reinvestment flexibility.