Private Advisor Group LLC Sells 445 Shares of Halliburton (NYSE:HAL)

Private Advisor Group LLC cut its stake in shares of Halliburton (NYSE:HALFree Report) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,084 shares of the oilfield services company’s stock after selling 445 shares during the quarter. Private Advisor Group LLC’s holdings in Halliburton were worth $1,856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HAL. Penserra Capital Management LLC boosted its stake in Halliburton by 162.3% during the third quarter. Penserra Capital Management LLC now owns 15,332 shares of the oilfield services company’s stock worth $620,000 after acquiring an additional 9,486 shares in the last quarter. Integrated Advisors Network LLC bought a new position in Halliburton during the third quarter worth $744,000. Diversified Trust Co bought a new position in Halliburton during the third quarter worth $564,000. Comerica Bank boosted its stake in Halliburton by 1,125.5% during the third quarter. Comerica Bank now owns 232,728 shares of the oilfield services company’s stock worth $9,425,000 after acquiring an additional 213,738 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in Halliburton by 12.3% during the third quarter. Public Sector Pension Investment Board now owns 209,746 shares of the oilfield services company’s stock worth $8,495,000 after acquiring an additional 23,011 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Halliburton Stock Performance

NYSE HAL opened at $32.84 on Wednesday. Halliburton has a 52-week low of $32.60 and a 52-week high of $43.85. The company has a 50-day simple moving average of $35.18 and a 200 day simple moving average of $36.21. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. The company has a market capitalization of $29.07 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.85 and a beta of 1.93.

Halliburton (NYSE:HALGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.67 billion. During the same quarter last year, the company posted $0.72 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, research analysts predict that Halliburton will post 3.37 EPS for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.07%. Halliburton’s dividend payout ratio is presently 23.53%.

Insiders Place Their Bets

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the 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 completion of the transaction, the executive vice president now owns 283,908 shares in the company, valued at $10,481,883.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Jill D. Sharp sold 3,346 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total value 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 $1,486,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Van H. Beckwith sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $369,200.00. Following the completion of the transaction, the executive vice president now owns 283,908 shares of the company’s stock, valued at $10,481,883.36. The disclosure for this sale can be found here. Insiders sold 52,287 shares of company stock worth $1,930,704 over the last quarter. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on HAL. UBS Group raised their price objective on shares of Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. TD Cowen raised their price objective on shares of Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Susquehanna reaffirmed a “positive” rating and issued a $49.00 price objective on shares of Halliburton in a research note on Monday, April 8th. Benchmark reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Halliburton in a research note on Wednesday, April 24th. Finally, StockNews.com lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.75.

Read 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.

See Also

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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