HAL
HALLIBURTON COEvidence as of 2026-09-02Overview · HALLIBURTON CO
Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; completion tools that offer downhole solutions…
Management team
- Ms. Summer Condarco · Senior VP and Chief Health, Safety & Environment (HSE) OfficerFind on LinkedIn
- Mr. Shannon Slocum · President of Eastern HemisphereFind on LinkedIn
- Mr. Mark J. Richard · President of Western HemisphereFind on LinkedIn
- Mr. Van H. Beckwith J.D. · Executive VP, Secretary & Chief Legal OfficerFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.1 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The evidence balance is Mixed (+0.1 of a possible +2; confidence high). Reported diluted EPS rose from $ 0.55 in Q1 2026 (fiscal quarter ended 2026-04-17) to $ 0.64 in Q2 2026 (fiscal quarter ended 2026-07-17). Operating income increased from $ 679,000,000 in Q1 2026 to $ 778,000,000 in Q2 2026, and net income rose from $ 461,000,000 to $ 534,000,000 over the same two quarters.
Share count has trended down across the sampled dates — common shares outstanding were 878,501,985 as of Q3 2024 (fiscal quarter ended 2024-10-31), 868,091,623 as of FY 2024 (fiscal quarter ended 2025-02-05), and 833,130,367 as of 2026-07-17 — while cash and long‑term debt held roughly steady (cash about $ 2,618,000,000 as of 2024-12-31 and $ 2,048,000,000 as of 2026-06-30; long‑term debt about $ 7.16 billion and $ 7.071 billion on those dates). Market measures show low sensitivity to SPY (beta 0.20, correlation 0.07), mixed short‑term momentum (- 7.9% over 3 months, + 5.3% over 6 months, + 45.7% on the 12_1 measure) and elevated volatility (30‑day annualized + 34.5%, 90‑day + 34.0%). Valuation and cash‑flow signals diverge: trailing P/E is 20.91 (EPS_ttm = $ 1.76) and EV/EBITDA is 9.64, while trailing FCF per share is $ 0.179 (FCF_ttm = $ 150,000,000) producing a price‑implied FCF growth requirement of 78.72% and a trailing price‑to‑FCF of 205.59.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Reported diluted EPS rose from $0.55 in fiscal Q1 2026 (2026-01-01 to 2026-03-31) to $0.64 in fiscal Q2 2026 (2026-04-01 to 2026-06-30).
XBRL companyfacts · 0000045012-26-000039Operating income increased quarter-over-quarter from $679,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31) to $778,000,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30).
XBRL companyfacts · 0000045012-26-000061Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
An SEC Form 4 (insider transaction report) was filed with the 4 filed 19 August 2026 on 2026-08-19.
4 filed 2026-08-19An SEC Form 4 (insider transaction report) was filed with the 4 filed 19 August 2026 on 2026-08-19.
4 filed 2026-08-19Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
Beta vs SPY is 0.20 and correlation vs SPY is 0.07 as of 2026-09-01, indicating low market sensitivity and low contemporaneous co-movement with SPY.
Moneyta signal set · 2026-09-01Shorter-term momentum is mixed: momentum over the past 3 months is -7.9% while momentum over 6 months is +5.3% and momentum 12_1 is +45.7% as of 2026-09-01.
Moneyta signal set · 2026-09-01Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Reported institutional 13F holdings totaled "$64.9M" as of the quarter ended 2026-03-31, a 47.1% reported increase quarter-over-quarter in value.
13F holdings · 3 filers · as of 2026-03-31Ensign Peak Advisors, Inc was the largest reported 13F holder with "$58.1M" reported as of the quarter ended 2026-03-31, a reported 35.3% value increase from the prior reported quarter.
13F holdings · 3 filers · as of 2026-03-31Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Halliburton CFO Eric Carre sold 24,777 shares under a Rule 10b5-1 plan, reported 1 September 2026.
News · kalkinemedia.com · 2026-09-01Coverage on 31 August 2026 links a crude price surge tied to Hormuz tensions with renewed attention to completions, shale activity, producer spending and oilfield services, and notes Halliburton in that market-context story.
News · kalkinemedia.com · 2026-08-31Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Jeffrey Allen Miller (Director, President & CEO) sold 124,483 shares for $4.4M on 2026-08-18 under a stated 10b5-1 plan (filing reports value as "$4.4M").
Form 4 · Miller Jeffrey Allen (Director, President & CEO) · $4.4M sold · 2026-08-18Jeffrey Shannon Slocum (Director, EVP and COO) sold 52,572 shares for $1.8M on 2026-08-19 under a stated 10b5-1 plan (filing reports value as "$1.8M").
Form 4 · Slocum Jeffrey Shannon (Director, EVP and COO) · $1.8M sold · 2026-08-19Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model-implied free cash flow (FCF) growth rate that today's price would justify is 78.72% (0.7872).
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve-month price-to-FCF is 205.59, and FCF per share is $0.179 (FCF_ttm = $150,000,000), indicating the market price is very large relative to reported FCF.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Quarterly SEC-reported results show clear sequential improvement in core profitability metrics — diluted EPS (+$0.09 q/q), operating income (+$99M q/q) and net income (+$73M q/q) — which is strong primary evidence of improving operating performance (source: company filings). Share count has meaningfully trended down (from ~878.5M to ~833.1M), a firm-level capital allocation signal that can enhance per-share metrics (source: filings). Market-position and sentiment indicators add supportive context: Halliburton ranks in the 81st percentile for 12_1 momentum (strong relative long-term momentum), has low beta/correlation versus SPY (low market sensitivity), appears in large passive ETFs, and reported a meaningful institutional 13F value increase — these are moderate-strength, observable market-structure signals. Valuation multiples are mixed but not uniformly adverse: P/E at ~20.9 and EV/EBITDA ~9.6 are moderate-to-reasonable relative measures (model-based FCF metrics are weak, which is a material caveat). Recent news items — reported large Venezuela deal linkage, crude-driven attention to completions/shale activity, and a declared quarterly dividend — are corroborated across outlets and provide additional contextual support (news sourcing is multiple-outlet/press-based).
Chair's verdict, claim by claim
Fragility · computed, not argued
diversified0.25
32 surviving claims rest on 20 distinct sources; the heaviest analyst carries 19% of them, and 98% of what the desk raised survived the debate.
The evidence base spans 20 distinct sources, which gives the read reasonable breadth, though 32 claims from 20 sources means some sources support multiple claims. One analyst carrying 19% of surviving claims is noticeable but not dominant; the very high debate survival rate (98%) indicates the desk largely upheld its initial signals — that raises confidence in the internal vetting but also flags potential confirmation or selection effects if contrary evidence was scarce.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
18 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.8 to the score
3 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.1 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.8 to the score
5 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
3 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot−1.0 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on HAL Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.