Halliburton (NYSE:HAL) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in Halliburton (NYSE:HAL) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 197,260 shares of the oilfield services company’s stock after selling 5,912 shares during the quarter. Retirement Systems of Alabama’s holdings in Halliburton were worth $7,131,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Stonebrook Private Inc. purchased a new stake in shares of Halliburton in the 4th quarter valued at $632,000. Consolidated Planning Corp boosted its stake in shares of Halliburton by 9.6% in the fourth quarter. Consolidated Planning Corp now owns 56,434 shares of the oilfield services company’s stock valued at $2,040,000 after purchasing an additional 4,960 shares during the period. Gilliland Jeter Wealth Management LLC acquired a new position in shares of Halliburton in the fourth quarter valued at approximately $425,000. Citizens Financial Group Inc. RI lifted its holdings in Halliburton by 3.9% during the 4th quarter. Citizens Financial Group Inc. RI now owns 34,361 shares of the oilfield services company’s stock worth $1,242,000 after buying an additional 1,300 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in Halliburton by 1.2% during the 4th quarter. Truist Financial Corp now owns 1,132,713 shares of the oilfield services company’s stock worth $40,948,000 after buying an additional 13,124 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In other news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the transaction, the director now directly owns 9,625 shares in the company, valued at $339,762.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the sale, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the transaction, the director now owns 9,625 shares in the company, valued at $339,762.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

Halliburton Price Performance

Shares of HAL opened at $36.73 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.12 and a quick ratio of 1.52. Halliburton has a 1-year low of $27.84 and a 1-year high of $43.85. The stock has a market cap of $32.52 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.93 and a beta of 2.01. The firm has a fifty day moving average price of $38.08 and a 200 day moving average price of $37.23.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. As a group, sell-side analysts anticipate that Halliburton will post 3.39 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. UBS Group upped their price objective on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. StockNews.com downgraded Halliburton from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Raymond James decreased their price objective on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. The Goldman Sachs Group upped their target price on shares of Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.59.

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.