Halliburton (NYSE:HAL) Executive Vice President, Secretary, and Chief Legal Officer Beckwith Van H. sold 54,348 shares of common stock on January 23, 2026, at $34.96 per share, producing proceeds of $1.9 million.
According to a Form 4 filing with the Securities and Exchange Commission, the transactions included the same-day exercise of options to acquire 54,348 shares at an exercise price of $23.57, resulting in the acquisition of shares worth 1280982. After completing the exercises and sale, Beckwith directly owns 344535.49 shares of Halliburton.
The sale took place while Halliburton shares were trading near a 52-week high of $35.55, with the stock having gained more than 53% over the prior six months, based on InvestingPro data. Market commentary in the filing noted that the company is trading close to its InvestingPro Fair Value and that analysts have maintained a generally positive outlook.
Halliburton, an energy services company with an approximate market capitalization of $28.7 billion, has a long record of returning capital to shareholders: it has paid dividends for 55 consecutive years, a signal of sustained distributions over time. The company’s balance-sheet profile, as described in available analyst notes, shows a moderate level of debt and liquid assets that exceed short-term obligations.
For readers seeking deeper coverage, a Pro Research Report on HAL is available among the suite of reports covering more than 1,400 U.S. equities on InvestingPro.
Recent company results and analyst responses
Halliburton’s fourth-quarter 2025 results came in ahead of several analyst expectations. The company reported adjusted earnings per share of $0.69, exceeding UBS’s $0.56 estimate and a $0.55 consensus from other analysts. Revenue for the quarter reached $5.66 billion, topping UBS’s $5.43 billion forecast and the broader Street estimate of $5.41 billion.
Following the earnings release, several brokerages revised their price targets. BMO Capital raised its target to $39 from $36 while noting an expectation of a 2% year-over-year revenue decline in 2026. RBC Capital lifted its target to $38 from $36 and reiterated an Outperform rating, citing stronger-than-expected results in the Completion and Production segment. Evercore ISI adjusted its price target to $36 from $35, referencing the company’s better-than-expected fourth-quarter performance and a steady 2026 outlook. By contrast, UBS kept a Neutral rating with a $32 target, and Piper Sandler maintained a Neutral rating at $30, each pointing to Halliburton’s impressive fourth-quarter performance and its 2026 guidance.
Those analyst moves reflect a mix of cautious optimism and steady expectations among equity research teams, with some firms increasing price targets on the heels of results while others held neutral stances.
What the filings show and what remains unchanged
The SEC Form 4 documents the mechanics of the transactions: options exercised at $23.57 per share and the immediate sale of the corresponding 54,348 shares at $34.96 per share on January 23, 2026. The filings also record Beckwith’s post-transaction direct ownership position of 344535.49 shares.
No additional disclosures or qualifiers about the transactions were included in the referenced filing text beyond the mechanics and resulting ownership. The company’s valuation metrics, dividend history, and the suite of analyst opinions cited above are the other salient facts tied to this set of filings and recent operating results.
Bottom line
The combination of an insider option exercise and sale, shares trading near a 52-week high, and stronger-than-expected fourth-quarter results that prompted several upward price-target revisions are the core developments in this update. These facts are drawn from the SEC filing and published analyst notes and do not include additional interpretation beyond the documented items.