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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
200% more funds holding in top 10
Funds holding in top 10: 3 [Q4 2024] → 9 (+6) [Q1 2025]
20% more first-time investments, than exits
New positions opened: 110 | Existing positions closed: 92
5% more repeat investments, than reductions
Existing positions increased: 354 | Existing positions reduced: 338
0% less funds holding
Funds holding: 940 [Q4 2024] → 936 (-4) [Q1 2025]
6% less call options, than puts
Call options by funds: $485M | Put options by funds: $513M
1.81% less ownership
Funds ownership: 83.73% [Q4 2024] → 81.92% (-1.81%) [Q1 2025]
10% less capital invested
Capital invested by funds: $20B [Q4 2024] → $18B (-$1.98B) [Q1 2025]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Wells Fargo Roger Read | 21%upside $28 | Overweight Maintained | 5 Jun 2025 |
Morgan Stanley Connor Lynagh | 21%upside $28 | Overweight Maintained | 16 May 2025 |
Goldman Sachs Neil Mehta | 3%upside $24 | Buy Maintained | 2 May 2025 |
UBS Josh Silverstein | 5%downside $22 | Neutral Maintained | 24 Apr 2025 |
Citigroup Scott Gruber | 34%upside $31 | Buy Maintained | 24 Apr 2025 |
Financial journalist opinion
Based on 16 articles about HAL published over the past 30 days









