Carrhae Capital 13F: Cuts Halliburton (HAL) Stake by $9M

Carrhae Capital lowered its stake in Halliburton Company HAL by 284,124 shares during the period, according to a Form 13F filing with the SEC on October 20, 2026. The reduction left the fund with 442,069 shares of the oilfield services provider, valued at roughly $14.1 million based on the filing date.

HAL Halliburton Company

$33.59 ▲ +15.03% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in Carrhae Capital's Halliburton Company Position

The fund held 726,193 shares prior to the adjustment. Dropping 39.1% of its holdings, Carrhae Capital pared back its exposure to the energy sector firm during the quarter covered by the October 20, 2026 filing.

Other Institutional Activity in Halliburton Company

Other large investors adjusted their holdings around the same time. Brandes Investment Partners reduced its holdings by 1,257,586 shares, ending with 6,291,344 shares worth about $216.7 million. AQR Capital Management, LLC grew its holdings by 4,799,370 shares, ending with 11,869,743 shares worth about $398.7 million. Qube Research & Technologies Ltd opened a new position or doubled up by adding 5,563,698 shares, ending with 11,127,397 shares worth about $373.8 million. Citigroup Inc. grew its holdings by 1,083,616 shares, ending with 10,498,175 shares worth about $352.6 million.

Halliburton Company Stock Up 1.5%

Halliburton shares closed at $33.59 on October 20, 2026. The stock recently traded around $33.46 on October 21, 2026, down about 0.4% since that filing date.

Recent Earnings

Halliburton generated trailing twelve month revenue of $22.4 billion and trailing twelve month earnings of $1.90 per share. The company posted a net profit margin of 7.2% and a return on equity of 14.9%. Year-over-year revenue grew by 3.7%. The company is scheduled to report its next earnings results on January 20, 2027.

Dividend

Halliburton pays an annual dividend of $0.68 per share, giving it a dividend yield of 2.1%. The payout ratio sits at 35.8%.

Insider Buying and Selling at Halliburton Company

Company insiders executed several transactions prior to the filing. Chief Operating Officer Jeffrey Shannon Slocum sold 16,121 shares on August 18, 2026 at an average price of $35.08 for a total value of $565,573. Chief Executive Officer Jeffrey Allen Miller sold 124,483 shares on August 18, 2026 at an average price of $35.00 for a total value of $4.4 million. Jeffrey Shannon Slocum sold another 52,572 shares on August 19, 2026 at an average price of $35.09 for a total value of $1.8 million. Chief Financial Officer Eric Carre sold 24,777 shares on August 31, 2026 at an average price of $37.50 for a total value of $929,138.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On July 22, 2026, Morgan Stanley maintained its Overweight rating and lowered its price target to $40.00 from $41.00. On July 23, 2026, Argus Research maintained its Buy rating and lowered its price target to $40.00 from $45.00. On July 27, 2026, UBS maintained its Neutral rating and raised its price target to $39.00 from $40.00. On September 14, 2026, UBS maintained its Neutral rating and raised its price target to $42.00 from $39.00. On October 19, 2026, Piper Sandler maintained its Overweight rating and lowered its price target to $42.00 from $43.00. The stock holds a consensus buy rating from 24 analysts with a mean price target of $43.25.

About Halliburton Company

Halliburton Company operates from Houston, Texas, delivering engineering, drilling, and production services to the global energy sector. It helps oil and gas operators locate, drill, and manage wells efficiently through two main divisions focused on completion and drilling.

Bottom Line

Investors will look toward Halliburton's next earnings report in January 2027 for updates on profit margins and operational growth. Future SEC filings will show whether institutional managers continue to trim or rebuild their stakes in the oilfield services firm.