Clark Estates Inc. NY Buys 22,660 Shares of Halliburton Company $HAL

Clark Estates Inc. NY increased its stake in shares of Halliburton Company (NYSE:HAL) by 36.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,100 shares of the oilfield services company’s stock after buying an additional 22,660 shares during the quarter. Clark Estates Inc. NY’s holdings in Halliburton were worth $2,069,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. bought a new position in shares of Halliburton during the third quarter valued at $25,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Halliburton during the 2nd quarter worth about $25,000. Root Financial Partners LLC bought a new position in Halliburton during the 3rd quarter valued at about $32,000. Rakuten Securities Inc. boosted its position in Halliburton by 547.3% in the second quarter. Rakuten Securities Inc. now owns 1,586 shares of the oilfield services company’s stock valued at $32,000 after buying an additional 1,341 shares in the last quarter. Finally, Cape Investment Advisory Inc. grew its stake in Halliburton by 111.9% during the second quarter. Cape Investment Advisory Inc. now owns 1,704 shares of the oilfield services company’s stock worth $35,000 after buying an additional 900 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Halliburton Trading Down 0.7%

NYSE:HAL opened at $35.14 on Monday. The firm has a market capitalization of $29.43 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.09 and a beta of 0.77. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $35.85. The business’s 50-day moving average price is $31.83 and its two-hundred day moving average price is $27.05. The company has a current ratio of 2.04, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same period in the prior year, the business posted $0.73 EPS. Halliburton’s revenue was up .8% on a year-over-year basis. On average, equities analysts expect that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, March 4th. Halliburton’s dividend payout ratio (DPR) is currently 45.03%.

Analyst Upgrades and Downgrades

HAL has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their target price on Halliburton from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Evercore boosted their price objective on Halliburton from $35.00 to $36.00 and gave the stock an “in-line” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. raised their target price on Halliburton from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Capital One Financial upped their price target on shares of Halliburton from $25.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group restated a “buy” rating and issued a $39.00 price objective on shares of Halliburton in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Halliburton has an average rating of “Moderate Buy” and an average target price of $35.19.

Insider Activity

In related news, CEO Jeffrey Allen Miller sold 171,200 shares of the company’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 sale, the chief executive officer owned 1,101,243 shares in the company, valued at $38,499,455.28. This represents a 13.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Lawrence J. Pope sold 100,000 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $32.25, for a total value of $3,225,000.00. Following the sale, the executive vice president directly owned 419,800 shares in the company, valued at $13,538,550. The trade was a 19.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 337,002 shares of company stock worth $11,445,938 over the last quarter. Corporate insiders own 0.61% of the company’s stock.

Halliburton Profile

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.