Halliburton
About: Halliburton is North America's largest oilfield service company as measured by market share. Despite industry fragmentation, it holds a leading position in the hydraulic fracturing and completions market, which makes up nearly half of its revenue. It also holds strong positions in other service offerings like drilling and completions fluids, which leverages its expertise in material science, as well as the directional drilling market. While we consider SLB the global leader in reservoir evaluation, we think Halliburton leads in any activity from the reservoir to the wellbore. The firm's innovations have helped multiple producers lower their development costs per barrel of oil equivalent, with techniques that have been homed in over a century of operations.
Employees: 48,000
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
47% more first-time investments, than exits
New positions opened: 143 | Existing positions closed: 97
3% more funds holding
Funds holding: 908 [Q3] → 937 (+29) [Q4]
0.55% more ownership
Funds ownership: 82.45% [Q3] → 82.99% (+0.55%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q3] → 3 (+0) [Q4]
6% less capital invested
Capital invested by funds: $21.1B [Q3] → $20B (-$1.17B) [Q4]
16% less repeat investments, than reductions
Existing positions increased: 302 | Existing positions reduced: 360
26% less call options, than puts
Call options by funds: $404M | Put options by funds: $543M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Stifel Stephen Gengaro 22% 1-year accuracy 15 / 69 met price target | 55%upside $32 | Buy Maintained | 23 Apr 2025 |
Wells Fargo Roger Read 25% 1-year accuracy 29 / 115 met price target | 31%upside $27 | Overweight Maintained | 23 Apr 2025 |
Susquehanna Charles Minervino 40% 1-year accuracy 27 / 68 met price target | 46%upside $30 | Positive Maintained | 23 Apr 2025 |
Barclays David Anderson 27% 1-year accuracy 23 / 84 met price target | 26%upside $26 | Equal-Weight Maintained | 23 Apr 2025 |
RBC Capital Keith Mackey 10% 1-year accuracy 2 / 21 met price target | 65%upside $34 | Sector Perform Reiterated | 23 Jan 2025 |
Financial journalist opinion
Based on 23 articles about HAL published over the past 30 days
