Halliburton Company $HAL Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC trimmed its position in shares of Halliburton Company (NYSE:HAL) by 39.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,856,296 shares of the oilfield services company’s stock after selling 6,997,433 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.29% of Halliburton worth $267,065,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HAL. Vanguard Group Inc. lifted its holdings in Halliburton by 1.6% during the second quarter. Vanguard Group Inc. now owns 105,363,599 shares of the oilfield services company’s stock valued at $2,147,310,000 after purchasing an additional 1,617,696 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Halliburton by 81.8% during the third quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company’s stock worth $2,239,349,000 after purchasing an additional 40,969,139 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Halliburton by 1.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 30,287,989 shares of the oilfield services company’s stock worth $617,269,000 after purchasing an additional 346,218 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Halliburton by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 22,342,963 shares of the oilfield services company’s stock worth $453,461,000 after purchasing an additional 92,549 shares during the last quarter. Finally, Strive Asset Management LLC purchased a new position in Halliburton in the 3rd quarter valued at about $418,738,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Stock Performance

Shares of Halliburton stock opened at $35.34 on Wednesday. The business’s 50 day moving average price is $33.56 and its 200 day moving average price is $28.24. The company has a market cap of $29.60 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 2.06 and a beta of 0.73. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 2.04. Halliburton Company has a one year low of $18.72 and a one year high of $37.03.

Halliburton (NYSE:HAL) last issued its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same period last year, the company earned $0.73 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. On average, research analysts predict that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The company also recently disclosed 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. This represents a $0.68 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, March 4th. Halliburton’s dividend payout ratio (DPR) is presently 45.03%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. The Goldman Sachs Group boosted their price objective on Halliburton from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Stifel Nicolaus set a $36.00 target price on Halliburton in a research report on Thursday, January 22nd. Evercore lifted their price target on Halliburton from $35.00 to $36.00 and gave the stock an “in-line” rating in a research note on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Halliburton in a research report on Monday, December 29th. Finally, Piper Sandler raised their price objective on Halliburton from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.38.

Insider Activity at Halliburton

In other Halliburton news, VP Timothy Mckeon sold 3,846 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $34.37, for a total value of $132,187.02. Following the transaction, the vice president directly owned 81,631 shares in the company, valued at $2,805,657.47. The trade was a 4.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Lawrence J. Pope sold 100,000 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $32.25, for a total transaction of $3,225,000.00. Following the completion of the sale, the executive vice president directly owned 419,800 shares of the company’s stock, valued at approximately $13,538,550. This trade represents a 19.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 331,994 shares of company stock valued at $11,331,187 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Halliburton Company 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.