Banco Santander S.A. Buys Shares of 27,600 Halliburton (NYSE:HAL)

Banco Santander S.A. bought a new stake in Halliburton (NYSE:HAL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 27,600 shares of the oilfield services company’s stock, valued at approximately $1,088,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAL. Dynamic Advisor Solutions LLC raised its position in Halliburton by 12.2% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 15,551 shares of the oilfield services company’s stock valued at $559,000 after purchasing an additional 1,689 shares during the period. Raymond James Trust N.A. increased its position in shares of Halliburton by 10.9% during the fourth quarter. Raymond James Trust N.A. now owns 73,501 shares of the oilfield services company’s stock worth $2,657,000 after acquiring an additional 7,229 shares during the period. Financial Management Professionals Inc. increased its position in shares of Halliburton by 722.4% during the fourth quarter. Financial Management Professionals Inc. now owns 2,648 shares of the oilfield services company’s stock worth $96,000 after acquiring an additional 2,326 shares during the period. Advisor Resource Council increased its position in shares of Halliburton by 103.5% during the fourth quarter. Advisor Resource Council now owns 29,979 shares of the oilfield services company’s stock worth $1,084,000 after acquiring an additional 15,247 shares during the period. Finally, Merrion Investment Management Co LLC increased its position in shares of Halliburton by 0.7% during the fourth quarter. Merrion Investment Management Co LLC now owns 119,380 shares of the oilfield services company’s stock worth $4,316,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Trading Down 5.6 %

NYSE HAL traded down $2.04 during mid-day trading on Friday, reaching $34.40. 18,696,859 shares of the stock were exchanged, compared to its average volume of 9,952,106. Halliburton has a 1-year low of $32.60 and a 1-year high of $43.85. The business’s fifty day simple moving average is $34.85 and its 200 day simple moving average is $36.12. The stock has a market capitalization of $30.45 billion, a PE ratio of 11.90, a PEG ratio of 0.96 and a beta of 1.93. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12.

Halliburton (NYSE:HAL) last announced its earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The firm had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. During the same quarter last year, the business earned $0.77 earnings per share. Halliburton’s revenue was up .6% compared to the same quarter last year. On average, research analysts anticipate that Halliburton will post 3.35 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.68 dividend on an annualized basis and a yield of 1.98%. Halliburton’s dividend payout ratio (DPR) is currently 23.53%.

Analyst Upgrades and Downgrades

HAL has been the topic of a number of recent research reports. Morgan Stanley upped their price objective on Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Bank of America decreased their target price on shares of Halliburton from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, July 15th. The Goldman Sachs Group increased their price target on shares of Halliburton from $46.00 to $48.00 in a report on Tuesday, April 23rd. TD Cowen increased their price target on shares of Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Piper Sandler dropped their target price on shares of Halliburton from $49.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.75.

Insider Buying and Selling

In related news, SVP Jill D. Sharp sold 3,346 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the sale, the senior vice president now owns 40,185 shares in the company, valued at $1,486,845. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Halliburton news, insider Jeffrey Shannon Slocum sold 38,941 shares of Halliburton stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $1,437,701.72. Following the transaction, the insider now owns 130,783 shares in the company, valued at approximately $4,828,508.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jill D. Sharp sold 3,346 shares of Halliburton stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the completion of the transaction, the senior vice president now owns 40,185 shares in the company, valued at approximately $1,486,845. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,287 shares of company stock worth $1,930,704. 0.61% of the stock is owned by insiders.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through 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; and 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.