Mather Group LLC. Sells 926 Shares of Halliburton (NYSE:HAL)

Mather Group LLC. decreased its position in shares of Halliburton (NYSE:HAL) by 8.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,035 shares of the oilfield services company’s stock after selling 926 shares during the period. Mather Group LLC.’s holdings in Halliburton were worth $292,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HAL. Rise Advisors LLC bought a new stake in shares of Halliburton during the 1st quarter worth approximately $26,000. Bruce G. Allen Investments LLC boosted its stake in shares of Halliburton by 274.9% during the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock valued at $38,000 after purchasing an additional 822 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Halliburton during the first quarter valued at $46,000. Beacon Capital Management LLC grew its holdings in shares of Halliburton by 28.8% in the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock worth $54,000 after purchasing an additional 309 shares during the last quarter. Finally, General Partner Inc. purchased a new position in Halliburton in the 1st quarter worth about $55,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Van H. Beckwith sold 10,000 shares of the firm’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 completion of the transaction, the executive vice president now owns 273,908 shares in the company, valued at $10,066,119. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.61% of the company’s stock.

Halliburton Stock Up 0.3 %

Halliburton stock opened at $30.83 on Friday. The business has a fifty day moving average price of $30.19 and a 200-day moving average price of $34.14. Halliburton has a 1-year low of $27.52 and a 1-year high of $43.85. The stock has a market capitalization of $27.21 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 1.04 and a beta of 1.88. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54.

Halliburton (NYSE:HAL) last issued its quarterly earnings results 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 return on equity of 29.97% and a net margin of 11.61%. The business had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The company’s revenue was up .6% on a year-over-year basis. Equities research analysts forecast that Halliburton will post 3.13 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.21%. Halliburton’s dividend payout ratio is currently 22.59%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Bank of America lowered their price objective on shares of Halliburton from $41.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Piper Sandler dropped their price objective on Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Stifel Nicolaus decreased their target price on Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Friday. Jefferies Financial Group dropped their price target on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. decreased their price objective on Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Four 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.89.

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.