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HOUSTON - Halliburton Company (NYSE: HAL), a global provider of energy industry products and services with a market capitalization of $17.2 billion, has announced the dual listing of its common stock on the NYSE Texas, a new fully electronic equities exchange based in Dallas. The company, which has its global headquarters in Texas and maintains a solid financial health score according to InvestingPro, will continue to maintain its primary listing on the New York Stock Exchange.
Jeff Miller, Chairman, President, and CEO of Halliburton, expressed enthusiasm about joining NYSE Texas as a Founding Member, highlighting the company’s strong Texas roots and its presence in over 70 countries. Chris Taylor, Chief Development Officer at NYSE Group, commended Halliburton’s century-long commitment to innovation and global growth, stating that the dual listing supports Texas’s economic prosperity. The company’s commitment to shareholders is evident in its 55-year streak of maintaining dividend payments, as revealed by InvestingPro analysis.
Halliburton will retain the HAL ticker symbol for trading on NYSE Texas, alongside its NYSE listing. This move by Halliburton underscores the company’s support for the Texas economy and its own long-standing relationship with the NYSE.
This expansion into NYSE Texas is based on a press release statement and represents Halliburton’s strategic decision to broaden its investor base and reaffirm its ties to the Texas business community.
In other recent news, Halliburton Company reported mixed financial results for the first quarter of 2025. The company’s earnings per share (EPS) slightly missed expectations, coming in at $0.60 against a forecast of $0.61. However, Halliburton exceeded revenue forecasts, reporting $5.4 billion compared to the expected $5.28 billion. In addition, Halliburton announced a $0.17 per share dividend for the second quarter of 2025, reflecting its commitment to shareholder returns.
Shareholders recently approved the election of all director nominees, ratified KPMG LLP as independent auditors, and gave advisory approval of executive compensation, indicating strong shareholder confidence. Meanwhile, analysts from Stifel and Barclays have adjusted their outlooks on Halliburton. Stifel reduced the stock price target from $37 to $32, maintaining a Buy rating, while Barclays lowered their target from $29 to $26, keeping an Equalweight rating.
Both firms expressed concerns over market uncertainties, including tariffs and OPEC+ decisions, which have influenced their forecasts. Halliburton’s ongoing focus on innovation, such as the ZEUS platform and international growth strategies, continues to be a focal point for the company as it navigates these challenges.
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