15 Best Humanoid Robot Stocks That Will Ride A $30 Trillion Opportunity According To Morgan Stanley

10. Halliburton Company (NYSE:HAL)

Number of Hedge Fund Investors  in Q1 2024: 38

Halliburton Company (NYSE:HAL) is another key player in the global oilfield services industry. Like its peer and rival Schlumberger, it can benefit from self designing humanoid robots that are customized to industry requirements or by simply providing robots to its customers for their oil drilling activities. A key point for Halliburton Company (NYSE:HAL) is the fact that it has focused more aggressively on robots than its peer. For instance, it announced a well construction automation contract in 2023, holds the third highest number of patents globally for underwater oil exploration robots, and kept up the pace in 2024 by signing a deal for a tractoring robot called MicroRig. Like other well services firms, Halliburton Company (NYSE:HAL)’s stock performance depends on the health of the oil industry and its ability to maintain market share in an industry dominated by a few companies and with little avenues for product differentiation. The shares were under pressure in late August and early September as recessionary worries coupled with costs of a cyberattack spooked investors.

Carillon Partners mentioned Halliburton Company (NYSE:HAL) in its Q4 2023 investor letter. Here is what the firm said:

“Halliburton provides equipment and services to the global energy industry. The company’s shares underperformed during the quarter, largely due to downward pressure on crude oil and natural gas prices. Despite this recent move, ongoing discipline among North American shale producers could continue supporting relatively healthy activity growth at current commodity price levels, which should provide stability to service providers such as Haliburton. The company is also poised to benefit from the ongoing, multi-year international and offshore upstream investment cycle that is less dependent on short-term swings in commodity prices.”