Arcadia Investment Management Corp MI Has $810,000 Stock Holdings in Halliburton Company $HAL

Arcadia Investment Management Corp MI lowered its stake in shares of Halliburton Company (NYSE:HAL) by 23.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,730 shares of the oilfield services company’s stock after selling 12,275 shares during the period. Arcadia Investment Management Corp MI’s holdings in Halliburton were worth $810,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HAL. Stone House Investment Management LLC purchased a new stake in shares of Halliburton during the first quarter worth $30,000. Zions Bancorporation National Association UT purchased a new position in Halliburton in the first quarter valued at about $37,000. CVA Family Office LLC increased its position in Halliburton by 94.8% in the 2nd quarter. CVA Family Office LLC now owns 1,882 shares of the oilfield services company’s stock worth $38,000 after purchasing an additional 916 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its position in Halliburton by 109.5% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock worth $39,000 after purchasing an additional 993 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Halliburton by 252.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,994 shares of the oilfield services company’s stock worth $41,000 after purchasing an additional 1,428 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Halliburton in a research note on Wednesday, October 8th. Piper Sandler lifted their target price on shares of Halliburton from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Citigroup restated a “buy” rating on shares of Halliburton in a research note on Tuesday, October 14th. HSBC set a $30.00 price target on shares of Halliburton and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Zephirin Group lifted their price objective on shares of Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.45.

Insider Buying and Selling

In other news, insider Mark Richard sold 160,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the completion of the transaction, the insider directly owned 452,374 shares in the company, valued at $12,562,425.98. The trade was a 26.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Halliburton Stock Up 1.0%

Halliburton stock opened at $27.30 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.95 and a quick ratio of 1.43. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57. The firm has a fifty day moving average price of $24.64 and a two-hundred day moving average price of $22.45. The firm has a market cap of $22.97 billion, a price-to-earnings ratio of 18.08 and a beta of 1.03.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same period in the previous year, the company posted $0.73 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, analysts forecast that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Profile

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.