Halliburton Company $HAL Stake Boosted by First Trust Advisors LP

First Trust Advisors LP lifted its stake in shares of Halliburton Company (NYSE:HAL) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,253,919 shares of the oilfield services company’s stock after purchasing an additional 24,361 shares during the quarter. First Trust Advisors LP owned about 0.15% of Halliburton worth $25,555,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new stake in Halliburton in the first quarter worth $30,000. Zions Bancorporation National Association UT acquired a new position in Halliburton during the 1st quarter valued at about $37,000. CVA Family Office LLC boosted its stake in Halliburton by 94.8% during the 2nd quarter. CVA Family Office LLC now owns 1,882 shares of the oilfield services company’s stock valued at $38,000 after purchasing an additional 916 shares during the period. Bartlett & CO. Wealth Management LLC increased its stake in shares of Halliburton by 109.5% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock valued at $39,000 after purchasing an additional 993 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in shares of Halliburton by 252.3% in the second quarter. Hantz Financial Services Inc. now owns 1,994 shares of the oilfield services company’s stock valued at $41,000 after purchasing an additional 1,428 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Van H. Beckwith sold 8,854 shares of Halliburton stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $27.89, for a total value of $246,938.06. Following the transaction, the executive vice president owned 333,528 shares of the company’s stock, valued at approximately $9,302,095.92. This trade represents a 2.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Richard sold 160,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $27.77, for a total value of $4,443,200.00. Following the sale, the insider owned 452,374 shares in the company, valued at approximately $12,562,425.98. The trade was a 26.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Piper Sandler increased their price objective on Halliburton from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Redburn Partners set a $35.00 price target on Halliburton in a report on Monday, November 3rd. Zacks Research raised shares of Halliburton from a “strong sell” rating to a “hold” rating in a report on Thursday, October 23rd. Citigroup reiterated a “buy” rating on shares of Halliburton in a research report on Tuesday, October 14th. Finally, Royal Bank Of Canada upgraded shares of Halliburton from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.55.

Halliburton Stock Performance

Shares of HAL opened at $29.00 on Thursday. The firm’s 50 day moving average is $25.95 and its 200-day moving average is $23.28. The stock has a market capitalization of $24.41 billion, a P/E ratio of 19.21 and a beta of 0.81. 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 12-month low of $18.72 and a 12-month high of $30.40.

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

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Wednesday, December 3rd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, December 3rd. Halliburton’s payout ratio is presently 45.03%.

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.