Halliburton (NYSE:HAL) Shares Sold by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL decreased its position in shares of Halliburton (NYSE:HAL) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,875 shares of the oilfield services company’s stock after selling 1,750 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in Halliburton were worth $2,428,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAL. Rise Advisors LLC acquired a new position in shares of Halliburton in the 1st quarter valued at $26,000. Bruce G. Allen Investments LLC increased its stake in Halliburton by 274.9% in 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 in the first quarter valued at about $46,000. Beacon Capital Management LLC boosted its stake in shares of Halliburton by 28.8% during the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock worth $54,000 after buying an additional 309 shares during the period. Finally, General Partner Inc. purchased a new position in shares of Halliburton during the first quarter worth about $55,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on HAL shares. Evercore ISI reduced their price objective on Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Stifel Nicolaus decreased their price target on Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Susquehanna dropped their price objective on shares of Halliburton from $49.00 to $46.00 and set a “positive” rating on the stock in a research note on Monday, July 22nd. TD Cowen reduced their target price on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group dropped their price target on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.56.

Insider Activity at Halliburton

In other Halliburton 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 transaction of $367,500.00. Following the completion of the transaction, the executive vice president now owns 273,908 shares of the company’s stock, valued at $10,066,119. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by corporate insiders.

Halliburton Stock Up 3.0 %

HAL opened at $29.92 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13. The company has a market cap of $26.49 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 1.02 and a beta of 1.89. Halliburton has a one year low of $27.52 and a one year high of $43.85. The business’s fifty day moving average is $30.66 and its two-hundred day moving average is $34.46.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. Analysts anticipate that Halliburton will post 3.14 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.27%. Halliburton’s dividend payout ratio is currently 23.53%.

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.