Sequoia Financial Advisors LLC Sells 4,602 Shares of Halliburton (NYSE:HAL)

Sequoia Financial Advisors LLC cut its holdings in Halliburton (NYSE:HALFree Report) by 22.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,887 shares of the oilfield services company’s stock after selling 4,602 shares during the period. Sequoia Financial Advisors LLC’s holdings in Halliburton were worth $626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in Halliburton by 19.1% in the 4th quarter. Franklin Resources Inc. now owns 1,179,579 shares of the oilfield services company’s stock worth $42,642,000 after buying an additional 189,324 shares during the period. Nordea Investment Management AB boosted its holdings in Halliburton by 271.0% in the 4th quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company’s stock valued at $27,781,000 after purchasing an additional 561,020 shares during the period. Cerity Partners LLC boosted its holdings in Halliburton by 69.5% in the 4th quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock valued at $7,472,000 after purchasing an additional 84,771 shares during the period. KLCM Advisors Inc. boosted its holdings in Halliburton by 6.9% in the 4th quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company’s stock valued at $17,722,000 after purchasing an additional 31,534 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Halliburton by 10.9% in the 1st quarter. GAMMA Investing LLC now owns 8,350 shares of the oilfield services company’s stock valued at $329,000 after purchasing an additional 819 shares during the period. 85.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Halliburton

In other news, SVP Jill D. Sharp sold 3,346 shares of Halliburton stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the sale, the senior vice president now owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Jill D. Sharp sold 3,346 shares of Halliburton stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the sale, the senior vice president now owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $369,200.00. Following the sale, the executive vice president now directly owns 283,908 shares in the company, valued at approximately $10,481,883.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,287 shares of company stock worth $1,930,704. 0.61% of the stock is currently owned by company insiders.

Halliburton Price Performance

Shares of NYSE:HAL opened at $33.10 on Monday. The stock has a market cap of $29.30 billion, a PE ratio of 11.45, a PEG ratio of 0.85 and a beta of 1.93. The company’s fifty day moving average is $35.38 and its 200 day moving average is $36.26. Halliburton has a 52 week low of $32.35 and a 52 week high of $43.85. 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 (NYSE:HALGet Free Report) last issued 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 company had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. Research analysts anticipate that Halliburton will post 3.37 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Wednesday, June 5th. Halliburton’s payout ratio is 23.53%.

Wall Street Analyst Weigh In

Several research analysts have commented on HAL shares. TD Cowen raised their price target on shares of Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Citigroup cut their price target on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, June 28th. Wells Fargo & Company cut their price target on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 29th. StockNews.com cut shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Jefferies Financial Group raised their price objective on shares of Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $48.75.

Check Out Our Latest Analysis on Halliburton

Halliburton Company 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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