Halliburton (NYSE:HAL) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lessened its position in shares of Halliburton (NYSE:HALFree Report) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,901 shares of the oilfield services company’s stock after selling 2,483 shares during the period. Orion Portfolio Solutions LLC’s holdings in Halliburton were worth $1,581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Team Hewins LLC purchased a new position in Halliburton in the fourth quarter valued at approximately $273,000. TCW Group Inc. purchased a new position in shares of Halliburton in the 4th quarter valued at $512,000. US Bancorp DE lifted its holdings in shares of Halliburton by 55.8% during the 4th quarter. US Bancorp DE now owns 120,798 shares of the oilfield services company’s stock valued at $4,367,000 after acquiring an additional 43,271 shares in the last quarter. Central Valley Advisors LLC purchased a new stake in Halliburton during the 4th quarter worth $1,449,000. Finally, Nemes Rush Group LLC increased its holdings in Halliburton by 4.1% in the 4th quarter. Nemes Rush Group LLC now owns 127,461 shares of the oilfield services company’s stock valued at $4,608,000 after purchasing an additional 4,992 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Halliburton

In other Halliburton news, SVP Jill D. Sharp sold 3,346 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total value of $123,802.00. Following the transaction, the senior vice president now owns 40,185 shares of the company’s stock, valued at $1,486,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Jill D. Sharp sold 3,346 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total transaction of $123,802.00. Following the completion of the transaction, the senior vice president now directly owns 40,185 shares in the company, valued at approximately $1,486,845. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.30, for a total value of $13,308,100.00. Following the completion of the sale, the chief executive officer now owns 759,015 shares in the company, valued at $26,793,229.50. The disclosure for this sale can be found here. Insiders sold a total of 434,287 shares of company stock valued at $15,415,304 in the last quarter. Insiders own 0.61% of the company’s stock.

Halliburton Trading Up 2.1 %

NYSE:HAL opened at $36.71 on Friday. The company has a market cap of $32.50 billion, a PE ratio of 12.70, a P/E/G ratio of 0.91 and a beta of 2.01. The business’s 50 day moving average is $38.25 and its two-hundred day moving average is $36.79. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. Halliburton has a 52 week low of $28.43 and a 52 week high of $43.85.

Halliburton (NYSE:HALGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The firm had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.67 billion. During the same period last year, the business posted $0.72 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts predict that Halliburton will post 3.39 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, June 5th. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Susquehanna reaffirmed a “positive” rating and issued a $49.00 target price on shares of Halliburton in a research report on Monday, April 8th. TD Cowen boosted their target price on shares of Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. UBS Group raised their price target on shares of Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Citigroup boosted their price objective on shares of Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Jefferies Financial Group raised their target price on Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $48.59.

Get Our Latest Analysis on Halliburton

Halliburton Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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