Halliburton (NYSE:HAL) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC raised its holdings in shares of Halliburton (NYSE:HAL) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,948 shares of the oilfield services company’s stock after purchasing an additional 1,476 shares during the period. Larson Financial Group LLC’s holdings in Halliburton were worth $1,957,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capital World Investors increased its position in Halliburton by 0.3% during the 1st quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock valued at $4,806,431,000 after buying an additional 377,500 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Halliburton by 2.7% during the first quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock worth $3,952,805,000 after acquiring an additional 2,618,740 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Halliburton by 46.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock valued at $2,408,171,000 after acquiring an additional 19,237,784 shares in the last quarter. Sanders Capital LLC raised its position in shares of Halliburton by 3.4% in the 4th quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock valued at $850,927,000 after purchasing an additional 782,093 shares during the last quarter. Finally, Norges Bank acquired a new stake in Halliburton in the 4th quarter worth approximately $400,070,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at $10,066,119. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HAL. Jefferies Financial Group decreased their price target on shares of Halliburton from $50.00 to $47.00 and set a “buy” rating for the company in a report on Monday, July 29th. Susquehanna reduced their target price on Halliburton from $49.00 to $46.00 and set a “positive” rating for the company in a research note on Monday, July 22nd. Stifel Nicolaus dropped their price target on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Evercore ISI reduced their price objective on Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Finally, StockNews.com downgraded Halliburton from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.88.

Halliburton Trading Down 0.9 %

Shares of Halliburton stock opened at $29.42 on Thursday. Halliburton has a fifty-two week low of $29.21 and a fifty-two week high of $43.85. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13. The company has a market cap of $26.05 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 1.06 and a beta of 1.89. The firm has a 50-day simple moving average of $32.63 and a two-hundred day simple moving average of $35.38.

Halliburton (NYSE:HAL) last issued its quarterly 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. The company had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. Halliburton’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.77 earnings per share. As a group, equities analysts predict that Halliburton will post 3.14 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.31%. Halliburton’s dividend payout ratio is currently 23.53%.

About Halliburton

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.