Billionaire Bruce Kovner’s 10 Stock Picks with Huge Upside Potential

3. Halliburton Co. (NYSE:HAL)

Caxton Associates’ Stake: $8.92 million

Number of Hedge Fund Holders: 49

Average Upside Potential as of May 7: 49.72%

Halliburton Co. (NYSE:HAL) provides products and services to the energy industry worldwide. It operates in two segments: Completion & Production and Drilling & Evaluation. It also provides cloud-based digital services and AI solutions on an open architecture for subsurface insights, integrated well construction, and reservoir & production management, among other applications.

The company’s International markets segment generated $3.2 billion in Q1 2025 revenue, when the quarter’s total revenue stood at $5.4 billion. This was a slight 2% year-over-year decrease due to lower activity in Mexico, but the underlying business excluding Mexico remained strong as international revenues grew by mid-single digits. Halliburton also secured contract awards in this segment, extending through 2026 and beyond, particularly with Shell in Brazil, Suriname, and West Africa.

On May 5, Citigroup adjusted the price target on Halliburton Co. (NYSE:HAL) to $29 from $31, while maintaining a buy rating on the stock. While there’s increased uncertainty in the overall international outlook due to the dynamic trade environment and OPEC production, Halliburton anticipates its year-over-year international revenue to be flat to slightly down for the remainder of 2025.