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)
46% more first-time investments, than exits
New positions opened: 142 | Existing positions closed: 97
3% more funds holding
Funds holding: 908 [Q3] → 936 (+28) [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]
17% less repeat investments, than reductions
Existing positions increased: 301 | Existing positions reduced: 361
26% less call options, than puts
Call options by funds: $404M | Put options by funds: $543M
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Morgan Stanley Connor Lynagh 46% 1-year accuracy 12 / 26 met price target | 32%upside $28 | Overweight Maintained | 16 May 2025 |
Goldman Sachs Neil Mehta 51% 1-year accuracy 18 / 35 met price target | 13%upside $24 | Buy Maintained | 2 May 2025 |
UBS Josh Silverstein 28% 1-year accuracy 17 / 60 met price target | 4%upside $22 | Neutral Maintained | 24 Apr 2025 |
Citigroup Scott Gruber 39% 1-year accuracy 30 / 76 met price target | 46%upside $31 | Buy Maintained | 24 Apr 2025 |
Stifel Stephen Gengaro 48% 1-year accuracy 51 / 107 met price target | 51%upside $32 | Buy Maintained | 23 Apr 2025 |
Financial journalist opinion
Based on 24 articles about HAL published over the past 30 days
