15 Small-Cap Energy Stocks Hedge Funds Are Buying

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6. Halliburton Co. (NYSE:HAL)

Market Capitalization as of April 25: $17.97 billion

Number of Hedge Fund Holders: 49

Halliburton Co. (NYSE:HAL) provides products and services to the energy industry. It operates in two segments: Completion & Production and Drilling & Evaluation. The company offers a range of products/services, such as production enhancement services, cementing services, electrical submersible pumps, performance additives, completion fluids, specialized testing equipment, and others.

Halliburton’s International markets segment generated $3.2 billion in revenue in Q1 2025, which was a solid contribution to the total company revenue of $5.4 billion. While this figure reflects a slight 2% year-over-year decrease due to lower activity in Mexico, the underlying strength of the international business is evident, as excluding Mexico, international revenues grew by mid-single digits.

The company also secured meaningful contract awards in this segment, extending through 2026 and beyond, particularly with Shell in Brazil, Suriname, and West Africa. While there’s increased uncertainty in the overall international outlook due to the dynamic trade environment and OPEC production, Halliburton Co. (NYSE:HAL) anticipates its year-over-year international revenue to be flat to slightly down for the remainder of 2025.

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