Halliburton
HAL
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 Q2 regulatory disclosures by fund managers ($100M+ AUM)
30% more repeat investments, than reductions
Existing positions increased: 372 | Existing positions reduced: 286
3.9% more ownership
Funds ownership: 81.97% [Q1] → 85.88% (+3.9%) [Q2]
9% less call options, than puts
Call options by funds: $467M | Put options by funds: $513M
6% less funds holding
Funds holding: 942 [Q1] → 886 (-56) [Q2]
17% less capital invested
Capital invested by funds: $18B [Q1] → $15.1B (-$2.98B) [Q2]
31% less first-time investments, than exits
New positions opened: 90 | Existing positions closed: 131
78% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 2 (-7) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
UBS
Josh Silverstein
|
$21
|
Neutral
Maintained
|
20 Aug 2025 |
Melius Research
James West
|
$41
|
Buy
Initiated
|
20 Aug 2025 |
Piper Sandler
Derek Podhaizer
|
$25
|
Neutral
Downgraded
|
28 Jul 2025 |
Stifel
Stephen Gengaro
|
$29
|
Buy
Maintained
|
23 Jul 2025 |
RBC Capital
Keith Mackey
|
$24
|
Sector Perform
Maintained
|
23 Jul 2025 |
Susquehanna
Charles Minervino
|
$27
|
Positive
Maintained
|
23 Jul 2025 |
Wells Fargo
Roger Read
|
$26
|
Overweight
Maintained
|
23 Jul 2025 |
Barclays
David Anderson
|
$22
|
Equal-Weight
Maintained
|
23 Jul 2025 |
Financial journalist opinion
Based on 10 articles about HAL published over the past 30 days