Halliburton (NYSE:HAL) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC decreased its holdings in shares of Halliburton (NYSE:HAL) by 12.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 136,066 shares of the oilfield services company’s stock after selling 19,487 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Halliburton were worth $4,596,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HAL. Price T Rowe Associates Inc. MD raised its holdings in Halliburton by 46.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock valued at $2,408,171,000 after buying an additional 19,237,784 shares during the period. Pacer Advisors Inc. increased its position in shares of Halliburton by 17,317.6% during the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after acquiring an additional 13,552,927 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Halliburton by 24,954.1% in the 2nd quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock worth $92,250,000 after acquiring an additional 2,720,000 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Halliburton by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock worth $3,952,805,000 after acquiring an additional 2,618,740 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Halliburton by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after purchasing an additional 1,681,620 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Price Performance

Shares of NYSE HAL opened at $29.47 on Friday. The stock’s 50-day simple moving average is $31.48 and its 200-day simple moving average is $34.84. The firm has a market capitalization of $26.09 billion, a PE ratio of 10.20, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The company had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.95 billion. During the same quarter last year, the company earned $0.77 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts forecast that Halliburton will post 3.14 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a $0.17 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.31%. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

Insider Buying and Selling at Halliburton

In other news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $36.75, for a total value of $367,500.00. Following the completion of the sale, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at approximately $10,066,119. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HAL has been the topic of a number of research reports. Royal Bank of Canada cut Halliburton from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $44.00 to $37.00 in a research note on Friday, September 13th. Jefferies Financial Group dropped their target price on 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 shares of Halliburton from $49.00 to $46.00 and set a “positive” rating on the stock in a research report on Monday, July 22nd. StockNews.com lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Finally, Bank of America dropped their price objective on shares of Halliburton from $41.00 to $40.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.17.

Halliburton Company Profile

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.