Halliburton Company $HAL Holdings Raised by Aberdeen Group plc

Aberdeen Group plc lifted its stake in shares of Halliburton Company (NYSE:HAL) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 516,453 shares of the oilfield services company’s stock after purchasing an additional 26,543 shares during the quarter. Aberdeen Group plc owned about 0.06% of Halliburton worth $14,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new position in Halliburton in the 3rd quarter worth about $25,000. Kelleher Financial Advisors purchased a new position in Halliburton in the 3rd quarter worth about $25,000. Newbridge Financial Services Group Inc. purchased a new position in Halliburton in the 2nd quarter worth about $25,000. Strive Asset Management LLC purchased a new position in Halliburton in the 3rd quarter worth about $31,000. Finally, Root Financial Partners LLC purchased a new position in Halliburton in the 3rd quarter worth about $32,000. 85.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Halliburton

In other Halliburton news, COO Jeffrey Shannon Slocum sold 5,441 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $33.82, for a total value of $184,014.62. Following the sale, the chief operating officer directly owned 187,423 shares in the company, valued at $6,338,645.86. This represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Margaret Katherine Banks sold 2,600 shares of the company’s stock in a transaction 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 owned 14,043 shares in the company, valued at $479,849.31. This trade represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 415,508 shares of company stock valued at $15,291,882 in the last quarter. 0.56% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on HAL. The Goldman Sachs Group raised their price objective on Halliburton from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. raised their price objective on Halliburton from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. Piper Sandler lifted their price target on Halliburton from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Evercore upgraded Halliburton from an “in-line” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Friday, March 20th. Finally, Argus lifted their price target on Halliburton from $31.00 to $39.00 and gave the company a “buy” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.05.

Halliburton Stock Performance

Shares of NYSE HAL opened at $37.82 on Tuesday. The company has a market cap of $31.59 billion, a P/E ratio of 25.05, a P/E/G ratio of 2.33 and a beta of 0.68. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $41.18. The business’s 50 day moving average is $35.58 and its two-hundred day moving average is $30.24.

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

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. Halliburton’s payout ratio is currently 45.03%.

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.