Blair William & Co. IL Trims Stock Position in Halliburton (NYSE:HAL)

Blair William & Co. IL decreased its stake in Halliburton (NYSE:HAL) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 292,376 shares of the oilfield services company’s stock after selling 2,428 shares during the quarter. Blair William & Co. IL’s holdings in Halliburton were worth $9,876,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 9258 Wealth Management LLC boosted its holdings in Halliburton by 14.0% during the fourth quarter. 9258 Wealth Management LLC now owns 30,879 shares of the oilfield services company’s stock worth $1,116,000 after buying an additional 3,803 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Halliburton by 3.6% in the fourth quarter. Brown Advisory Inc. now owns 22,736 shares of the oilfield services company’s stock worth $822,000 after acquiring an additional 780 shares during the period. Trexquant Investment LP boosted its stake in shares of Halliburton by 312.6% during the 4th quarter. Trexquant Investment LP now owns 36,231 shares of the oilfield services company’s stock worth $1,310,000 after acquiring an additional 27,449 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Halliburton during the 4th quarter valued at about $448,000. Finally, Assetmark Inc. increased its stake in shares of Halliburton by 286.2% in the 4th quarter. Assetmark Inc. now owns 1,201 shares of the oilfield services company’s stock valued at $43,000 after purchasing an additional 890 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Trading Down 0.2 %

Shares of NYSE:HAL opened at $29.47 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $31.48 and its 200 day moving average price is $34.84. The company has a market cap of $26.09 billion, a PE ratio of 10.20, a P/E/G ratio of 0.95 and a beta of 1.89. Halliburton has a fifty-two week low of $27.52 and a fifty-two week high of $43.85.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The firm had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same period last year, the company posted $0.77 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. Sell-side analysts anticipate that Halliburton will post 3.14 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.31%. The ex-dividend date is Wednesday, September 4th. Halliburton’s dividend payout ratio is presently 23.53%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Morgan Stanley dropped their price objective on Halliburton from $45.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Piper Sandler cut their price objective on Halliburton from $46.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Jefferies Financial Group reduced their target price on shares of Halliburton from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Susquehanna reduced their price target on Halliburton from $49.00 to $46.00 and set a “positive” rating on the stock in a report on Monday, July 22nd. Finally, Barclays decreased their price objective on Halliburton from $54.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.17.

Insider Buying and Selling

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total value of $367,500.00. Following the transaction, the executive vice president now owns 273,908 shares of the company’s stock, valued at $10,066,119. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by insiders.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.