Halliburton Company $HAL Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lowered its holdings in shares of Halliburton Company (NYSE:HAL) by 43.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,092 shares of the oilfield services company’s stock after selling 19,332 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Halliburton were worth $664,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HAL. Bank of New York Mellon Corp raised its stake in shares of Halliburton by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,929,285 shares of the oilfield services company’s stock worth $145,860,000 after buying an additional 96,394 shares in the last quarter. Tejara Capital Ltd increased its holdings in Halliburton by 98.8% in the third quarter. Tejara Capital Ltd now owns 134,365 shares of the oilfield services company’s stock valued at $3,305,000 after buying an additional 66,765 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Halliburton during the 3rd quarter valued at approximately $1,775,000. New York State Common Retirement Fund lifted its position in shares of Halliburton by 12.8% during the 3rd quarter. New York State Common Retirement Fund now owns 1,645,526 shares of the oilfield services company’s stock valued at $40,480,000 after acquiring an additional 186,105 shares during the period. Finally, Cookson Peirce & Co. Inc. purchased a new stake in shares of Halliburton during the 3rd quarter worth approximately $1,010,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Halliburton news, Director Margaret Katherine Banks sold 2,600 shares of Halliburton stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $34.17, for a total value of $88,842.00. Following the completion of the sale, the director directly owned 14,043 shares of the company’s stock, valued at approximately $479,849.31. The trade was a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Allen Miller sold 171,200 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $34.96, for a total value of $5,985,152.00. Following the completion of the transaction, the chief executive officer owned 1,101,243 shares of the company’s stock, valued at $38,499,455.28. This trade represents a 13.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 328,148 shares of company stock worth $11,199,000 in the last three months. 0.56% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HAL shares. Evercore upped their price target on Halliburton from $35.00 to $36.00 and gave the stock an “in-line” rating in a report on Thursday, January 22nd. Susquehanna boosted their target price on Halliburton from $36.00 to $40.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Wall Street Zen raised Halliburton from a “buy” rating to a “strong-buy” rating in a report on Sunday. Royal Bank Of Canada raised their price target on Halliburton from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Finally, Barclays boosted their price objective on shares of Halliburton from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.38.

Halliburton Trading Down 0.1%

Shares of HAL stock opened at $34.11 on Friday. The company has a market capitalization of $28.57 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.03 and a beta of 0.73. The company has a current ratio of 2.04, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $33.30 and a 200 day moving average price of $28.00. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $37.03.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.14. The company had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. Research analysts forecast that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. Halliburton’s dividend payout ratio (DPR) is 45.03%.

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.