RBC Capital Raises Halliburton (HAL) Price Target to $46

RBC Capital maintained its Outperform rating on Halliburton Company (NYSE: HAL) on October 21, 2026, while raising its price target from $45.00 to $46.00. The note from the firm came out as the oilfield services provider navigated shifts in institutional ownership and broader market trends.

HAL Halliburton Company

$33.99 ▲ +16.40% year to date

1M 3M YTD

Daily close · Oct 21, 2026

RBC Capital's Call on Halliburton

In its research note on October 21, 2026, RBC Capital kept its Outperform rating on Halliburton and ticked its target up to $46.00 from $45.00. The firm joins other Wall Street shops updating their views on the company around the same time.

Other Institutional Activity in Halliburton

Institutional investors have been actively reshaping their positions in Halliburton. Carrhae Capital reduced its holdings by 284,124 shares, ending with 442,069 shares worth about $14.1 million. Meanwhile, AQR Capital Management, LLC grew its stake by 4,799,370 shares to finish with 11,869,743 shares valued at roughly $387.4 million. Qube Research & Technologies Ltd added 5,563,698 shares for a total of 11,127,397 shares worth about $363.2 million. Citigroup Inc. also boosted its position, lifting its holdings by 1,083,616 shares to end with 10,498,175 shares valued at approximately $342.7 million.

Halliburton Company Stock Up 1.0%

Halliburton recently traded around $33.32 as of October 22, 2026, sitting below its event-day close of $33.99 on October 21, 2026. The stock changes hands below both its 50-day moving average of $34.13 and its 200-day moving average of $35.71.

Recent Earnings

Halliburton posted trailing twelve-month revenue of $22.37 billion alongside an EPS of $1.90. The company generated a net profit margin of 7.2% and a return on equity of 14.9%, with its next earnings report slated for January 20, 2027.

Dividend

Investors receive an annual dividend rate of $0.68 per share, representing a dividend yield of 2.06% backed by a payout ratio of 35.8%.

Insider Buying and Selling at Halliburton Company

Company insiders executed several sales over the summer. Chief Operating Officer Jeffrey Shannon Slocum sold 16,121 shares on August 18, 2026, at $35.08 per share for a total value of $565,573, and later sold 52,572 shares on August 19, 2026, at $35.09 per share totaling $1,844,751. Chief Executive Officer Jeffrey Allen Miller sold 124,483 shares on August 18, 2026, at $35.00 per share for $4,356,905. Chief Financial Officer Eric Carre sold 24,777 shares on August 31, 2026, at $37.50 per share for $929,138.

Analysts Set New Price Targets

Wall Street firms continue to update their outlooks. UBS maintained its Neutral rating and set a $42.00 target on September 14, 2026, moving up from $39.00. Piper Sandler maintained an Overweight rating on October 19, 2026, adjusting its target from $43.00 down to $42.00. Jefferies maintained a Buy rating and raised its target from $47.00 to $48.00 on October 21, 2026. Barclays maintained an Overweight rating on October 21, 2026, trimming its target from $53.00 to $51.00. Overall, the stock holds a consensus buy rating with a mean price target of $43.25 across 24 analyst opinions.

About Halliburton

Headquartered in Houston, Texas, Halliburton Company delivers equipment, products, and engineering services to the global energy sector. It divides its operations into completion, production, drilling, and evaluation segments, supporting oil and gas producers worldwide.

Bottom Line

Analysts remain generally positive on Halliburton as the company approaches its next earnings announcement in January 2027. Investors will watch whether shifting institutional stakes and revised price targets align with upcoming operational results.