American Century Companies Inc. Sells 329,298 Shares of Halliburton Company $HAL

American Century Companies Inc. lowered its holdings in shares of Halliburton Company (NYSE:HAL) by 19.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,371,066 shares of the oilfield services company’s stock after selling 329,298 shares during the quarter. American Century Companies Inc. owned approximately 0.16% of Halliburton worth $27,942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC purchased a new stake in Halliburton during the 2nd quarter valued at $287,000. V Square Quantitative Management LLC increased its position in Halliburton by 82.1% during the second quarter. V Square Quantitative Management LLC now owns 48,900 shares of the oilfield services company’s stock valued at $997,000 after acquiring an additional 22,045 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Halliburton by 42.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,099 shares of the oilfield services company’s stock valued at $7,816,000 after acquiring an additional 91,791 shares during the period. Perpetual Ltd raised its stake in shares of Halliburton by 29.7% in the second quarter. Perpetual Ltd now owns 1,081,928 shares of the oilfield services company’s stock valued at $22,050,000 after acquiring an additional 248,015 shares during the period. Finally, Jump Financial LLC lifted its holdings in shares of Halliburton by 2,895.2% in the 1st quarter. Jump Financial LLC now owns 756,150 shares of the oilfield services company’s stock worth $19,184,000 after acquiring an additional 730,905 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HAL. Susquehanna upped their price target on shares of Halliburton from $27.00 to $29.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Piper Sandler boosted their target price on Halliburton from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Zephirin Group upped their target price on Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Redburn Partners set a $35.00 price target on Halliburton in a research note on Monday, November 3rd. Finally, Citigroup restated a “buy” rating on shares of Halliburton in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.55.

Halliburton Trading Up 1.9%

HAL opened at $26.28 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.70. The stock’s fifty day moving average is $25.41 and its two-hundred day moving average is $22.89. The company has a market capitalization of $22.11 billion, a P/E ratio of 17.40 and a beta of 1.03. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $32.17.

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

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.6%. Halliburton’s dividend payout ratio (DPR) is 45.03%.

Insider Activity at Halliburton

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 shares were sold at an average price of $27.77, for a total value of $4,443,200.00. Following the completion of the sale, the insider owned 452,374 shares of the company’s stock, valued at approximately $12,562,425.98. This represents a 26.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

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.