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HAL

HALLIBURTON COMPANY

In the published model solve dated 2026-Q2, anchored at $36.60, HALLIBURTON COMPANY (HAL) is priced for +0.4% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 24, 2026 from SEC EDGAR filings.

Published model solve
+0.4% growth
Priced In
within-range

Key Takeaways

• North America turned in the June quarter, with revenue up 7% sequentially to $2.3 billion on stronger U.S. land stimulation and well construction, while international revenue reached $3.4 billion, the highest second quarter in over a decade [Source: Halliburton Q2 2026 results, July 21, 2026]. • The trailing profit the price is measured against is depressed by impairment charges, which is why the price sits above every standard valuation family while the operating-profit growth it actually re

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Institutional ownership

1,154 institutional managers reported holding HAL in 13F filings for the quarter ended 2026-03-31. Together they hold about 85% of the company; the top 10 hold 45%. 255 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 33.2M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (3 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

HAL has cut its share count 6% over the past five years, spending $3.16B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting); the current rate is $0.68 a share annually. Cash returned over the past three years: $1.61B in dividends and $2.56B in repurchases.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

Insider activity

Open-market insider buys at HAL over the trailing three years: 2025: 1 buy totaling $169k. 22 officers and directors are on file.

Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.

Earnings reactions

HAL's recent reports: the day-one move, then what the following quarter actually did.

reportday onenext quarter
2023-07-27-4.4%+10.2%
2023-10-26-3.0%-8.2%
2024-02-07+7.0%+18.3%
2024-04-250.0%-13.2%

Day-one is the close-to-close move around the filing. Nothing here is investment advice.

Recent filings

HAL's latest 8-K filings: 2026-07-21 (items 2.02, 7.01, 9.01); 2026-06-29 (items 8.01); 2026-05-20 (items 5.07); 2026-04-21 (items 2.02, 7.01, 9.01); 2026-01-21 (items 2.02, 7.01, 9.01).

Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.

Compare HAL

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Model solve date: 2026-Q2
Narrative composed: July 24, 2026

For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.