Halliburton (NYSE:HAL) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC cut its stake in shares of Halliburton (NYSE:HAL) by 21.5% during the second quarter, HoldingsChannel.com reports. The firm owned 102,645 shares of the oilfield services company’s stock after selling 28,140 shares during the period. Moran Wealth Management LLC’s holdings in Halliburton were worth $3,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. VeraBank N.A. grew its stake in shares of Halliburton by 7.8% during the 2nd quarter. VeraBank N.A. now owns 22,020 shares of the oilfield services company’s stock worth $726,000 after purchasing an additional 1,600 shares during the period. Fifth Third Bancorp grew its stake in shares of Halliburton by 6.3% during the 2nd quarter. Fifth Third Bancorp now owns 44,568 shares of the oilfield services company’s stock worth $1,470,000 after purchasing an additional 2,658 shares during the period. ING Groep NV boosted its position in shares of Halliburton by 1,285.2% in the 1st quarter. ING Groep NV now owns 153,622 shares of the oilfield services company’s stock worth $4,861,000 after buying an additional 142,532 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Halliburton by 24.6% in the 2nd quarter. Wedmont Private Capital now owns 15,587 shares of the oilfield services company’s stock worth $575,000 after buying an additional 3,080 shares in the last quarter. Finally, Deuterium Capital Management LLC boosted its position in shares of Halliburton by 146.9% in the 1st quarter. Deuterium Capital Management LLC now owns 14,778 shares of the oilfield services company’s stock worth $468,000 after buying an additional 8,793 shares in the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Halliburton Trading Up 0.6 %

NYSE HAL opened at $38.20 on Tuesday. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85. The company has a 50-day moving average of $40.40 and a 200-day moving average of $36.95. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.14 and a quick ratio of 1.53. The company has a market cap of $34.19 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.59 and a beta of 2.12.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, October 24th. The oilfield services company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.85 billion. Halliburton had a net margin of 11.52% and a return on equity of 31.61%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. As a group, equities analysts predict that Halliburton will post 3.07 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Thursday, December 7th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, December 6th. Halliburton’s dividend payout ratio (DPR) is presently 21.99%.

Insider Buying and Selling

In related news, EVP Van H. Beckwith sold 5,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $42.94, for a total transaction of $214,700.00. Following the completion of the sale, the executive vice president now owns 176,334 shares of the company’s stock, valued at approximately $7,571,781.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Van H. Beckwith sold 5,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $42.94, for a total transaction of $214,700.00. Following the completion of the sale, the executive vice president now owns 176,334 shares of the company’s stock, valued at approximately $7,571,781.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Myrtle L. Jones sold 16,800 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $43.00, for a total transaction of $722,400.00. Following the sale, the insider now directly owns 42,126 shares of the company’s stock, valued at approximately $1,811,418. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,236 shares of company stock valued at $2,573,715. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on HAL shares. StockNews.com lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Jefferies Financial Group upped their target price on shares of Halliburton from $49.00 to $51.00 in a report on Monday, October 2nd. Royal Bank of Canada upped their target price on shares of Halliburton from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Wells Fargo & Company reduced their target price on shares of Halliburton from $53.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, October 3rd. Finally, Piper Sandler upped their target price on shares of Halliburton from $46.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, September 11th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $49.00.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.