Central Pacific Bank Trust Division Buys 900 Shares of Halliburton (NYSE:HAL)

Central Pacific Bank Trust Division increased its stake in shares of Halliburton (NYSE:HAL) by 31.0% during the third quarter, HoldingsChannel.com reports. The firm owned 3,800 shares of the oilfield services company’s stock after buying an additional 900 shares during the period. Central Pacific Bank Trust Division’s holdings in Halliburton were worth $110,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital World Investors lifted its holdings in shares of Halliburton by 0.3% in the first quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock worth $4,806,431,000 after buying an additional 377,500 shares in the last quarter. Vanguard Group Inc. increased its holdings in Halliburton by 2.7% during 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 period. Price T Rowe Associates Inc. MD lifted its stake 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 worth $2,408,171,000 after purchasing an additional 19,237,784 shares in the last quarter. Pacer Advisors Inc. boosted its stake in 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 buying an additional 13,552,927 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Halliburton by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock worth $340,752,000 after purchasing an additional 1,681,620 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

HAL has been the topic of a number of research analyst reports. Piper Sandler reduced their target price on Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Bank of America reduced their target price on shares of Halliburton from $41.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Morgan Stanley decreased 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. Dbs Bank began coverage on shares of Halliburton in a report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.56.

Halliburton Trading Up 1.2 %

NYSE HAL opened at $31.09 on Friday. The firm has a market capitalization of $27.52 billion, a PE ratio of 10.76, a P/E/G ratio of 1.02 and a beta of 1.89. The stock’s 50 day moving average is $30.46 and its 200 day moving average is $34.35. Halliburton has a twelve month low of $27.52 and a twelve month high of $43.85. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76.

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

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were paid a $0.17 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.19%. Halliburton’s payout ratio is currently 23.53%.

Insider Buying and Selling at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $36.75, for a total value of $367,500.00. Following the completion of the transaction, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at approximately $10,066,119. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by company insiders.

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.