Halliburton CEO Miller sells $4.36m in common stock
Halliburton's CEO, Jeffrey Allen Miller, divested $4.36 million worth of common stock on August 18, 2026. The sale comprised 124,483 shares, executed at $35 per share, in adherence to a pre-approved Rule 10b5-1 trading plan initiated on May 13, 2026. The transaction price mirrored the prevailing stock price of $34.92, reflecting Halliburton's impressive 68% return over the past year.
Post-sale, Miller retains 889,388.615 shares of Halliburton common stock, including 844.595 shares purchased via the Company's Employee Stock Purchase Plan for the March 31, 2026 period.
InvestingPro's analysis suggests Halliburton is undervalued, with the stock trading below its Fair Value estimate. The corporation boasts a market capitalization of $29.08 billion. Miller's beneficial holdings extend beyond direct shares, including 128,500 options to purchase common stock at $43.38 per share, exercisable from December 6, 2017, expiring on December 6, 2027. Additionally, he retains 69,500 options at $53.54 per share, exercisable from December 7, 2016, expiring on December 7, 2026.
Meanwhile, Halliburton's second-quarter 2026 earnings exceeded analyst forecasts, reporting adjusted earnings of $0.55 per share on $5.7 billion in revenue. This surpassed expectations of $0.54 per share on $5.5 billion in revenue. However, margin pressure prompted UBS to downgrade Halliburton's price target to $39, while maintaining a Neutral rating.
Freedom Broker upgraded the stock from Sell to Hold, raising the target to $37, citing the earnings beat and favorable guidance. TD Cowen, on the other hand, cut its price target to $47, retaining a Buy rating, attributing the downgrade to a margin miss and guidance slightly below consensus.
The company's international revenue reached $3.4 billion, the highest second-quarter level in over a decade, with notable growth in Europe, Africa, and Latin America. Halliburton generated $668 million in free cash flow and repurchased around $200 million of its stock. Management's strategic shift towards higher-return international markets, despite softer near-term guidance and regional uncertainties, underpins these developments.
This report, produced with AI assistance and editorial review, highlights the multifaceted financial landscape of Halliburton.
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