Brandes Investment Partners 13F: Cuts HAL Stake by $43M

Brandes Trims Halliburton Stake

Brandes Investment Partners scaled back its investment in Halliburton Company (NYSE:HAL), according to a Form 13F filing filed with the U.S. Securities and Exchange Commission for the period ended May 15, 2026. The firm adjusted its portfolio by cutting a notable slice of its holdings in the oilfield services provider, reflecting a shift in how much capital it allocates to the energy sector.

Position Changes in Halliburton Shares

During the filing period, Brandes sold off 1,257,586 shares of Halliburton. That reduction amounted to a 16.7% decrease from the previous quarter, when the fund owned 7,548,930 shares. Even after the sale, the firm kept a sizable investment, wrapping up the window with 6,291,344 shares. That remaining position carried a total value of approximately $216.7 million based on market pricing.

Stock Performance and Valuation

Halliburton shares changed hands around $34.45 ahead of the publication. The company trades with a market capitalization of roughly $27.8 billion and a forward P/E ratio of 11.5. Investors tracking the energy services space often look at these valuation metrics alongside moving averages to gauge sector momentum.

Insider Buying and Selling at Halliburton Company

Company insiders have also transacted in Halliburton stock recently. On June 18, 2026, Chief Financial Officer Eric Carre sold 24,778 shares at a price of $35.89, totaling about $889,282 in a planned transaction. Later in the month, Maurice Smith picked up 1,080 shares on June 30, 2026. These insider moves offer a look at individual executives managing their personal holdings alongside institutional shifts.

Wall Street Analyst Outlooks

Financial firms have actively updated their targets and ratings for Halliburton. On July 22, 2026, Morgan Stanley kept an Overweight rating with a $40.00 price target, while TD Cowen maintained a Buy rating and set its target at $47.00. Barclays kept its Overweight rating on July 22 with a $53.00 target, and UBS updated its view on September 14, 2026, maintaining a Neutral rating and a $42.00 target. Across the broader analyst community, the stock carries a consensus buy rating with a mean price target of $43.24.

Inside Halliburton Operations

Headquartered in Houston, Texas, Halliburton Company operates as a major oilfield services provider across the globe. Founded in 1919, the firm delivers specialized products and engineering solutions through two main segments focused on completion, production, drilling, and evaluation for energy producers worldwide.

What to Watch at Halliburton Company

Because 13F filings look backward at past holdings, they may not show an investor's exact current position today. Market participants will watch for the company's next quarterly earnings update scheduled for October 20, 2026, to gain fresh visibility into operational results and segment margins.