Outfitter Financial LLC Sells 5,000 Shares of Halliburton (NYSE:HAL)

Outfitter Financial LLC reduced its stake in Halliburton (NYSE:HAL) by 24.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,550 shares of the oilfield services company’s stock after selling 5,000 shares during the period. Outfitter Financial LLC’s holdings in Halliburton were worth $525,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of HAL. International Assets Investment Management LLC bought a new stake in shares of Halliburton in the 4th quarter worth about $5,166,000. Mather Group LLC. increased its holdings in shares of Halliburton by 12.0% in the 4th quarter. Mather Group LLC. now owns 10,262 shares of the oilfield services company’s stock worth $371,000 after buying an additional 1,101 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of Halliburton by 1.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 24,760 shares of the oilfield services company’s stock worth $895,000 after buying an additional 401 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its stake in shares of Halliburton by 4.8% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 43,669 shares of the oilfield services company’s stock worth $1,579,000 after purchasing an additional 2,011 shares during the period. Finally, Berry Wealth Group LP purchased a new position in shares of Halliburton during the 4th quarter worth about $474,000. 85.23% of the stock is currently owned by institutional investors.

Insider Activity at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $36.75, for a total transaction of $367,500.00. Following the completion of the transaction, the executive vice president now owns 273,908 shares in the company, valued at approximately $10,066,119. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.

Halliburton Trading Down 0.9 %

HAL stock traded down $0.29 during trading on Friday, reaching $31.09. 11,287,258 shares of the stock were exchanged, compared to its average volume of 7,467,739. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average price of $32.88 and a 200-day moving average price of $35.47. Halliburton has a 1 year low of $30.31 and a 1 year high of $43.85. The firm has a market capitalization of $27.52 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 1.12 and a beta of 1.93.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. The business had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The business’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. On average, research analysts predict that Halliburton will post 3.18 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is currently 23.53%.

Analysts Set New Price Targets

A number of research firms recently commented on HAL. Jefferies Financial Group dropped their price target on shares of Halliburton from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Piper Sandler dropped their price target on shares of Halliburton from $46.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Morgan Stanley dropped their price target on shares of Halliburton from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Citigroup lowered their price objective on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Finally, Johnson Rice upgraded shares of Halliburton to a “moderate buy” rating in a research note on Friday, July 19th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.88.

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.