Halliburton Company $HAL Stock Holdings Increased by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its holdings in shares of Halliburton Company (NYSE:HAL) by 27.5% in the 1st quarter, Holdings Channel reports. The firm owned 75,911 shares of the oilfield services company’s stock after buying an additional 16,386 shares during the period. Sanctuary Advisors LLC’s holdings in Halliburton were worth $2,960,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Nvest Wealth Strategies Inc. bought a new position in shares of Halliburton in the fourth quarter valued at $25,000. Kelleher Financial Advisors bought a new stake in shares of Halliburton during the 3rd quarter worth $25,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Halliburton during the 2nd quarter worth $25,000. Zions Bancorporation National Association UT grew its holdings in shares of Halliburton by 196.4% in the 4th quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after acquiring an additional 650 shares during the last quarter. Finally, Strive Asset Management LLC acquired a new position in shares of Halliburton in the 3rd quarter worth $31,000. 85.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HAL shares. Citigroup upped their target price on Halliburton from $47.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Capital One Financial lifted their price target on Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. boosted their price objective on Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Griffin Securities raised shares of Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Wednesday, April 22nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 target price (up from $36.00) on shares of Halliburton in a report on Wednesday, April 22nd. Nineteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.27.

Insider Buying and Selling

In other news, Director Tobi M. Young sold 6,125 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $41.72, for a total value of $255,535.00. Following the transaction, the director owned 15,250 shares in the company, valued at $636,230. This represents a 28.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Timothy Mckeon sold 8,655 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $42.00, for a total transaction of $363,510.00. Following the completion of the sale, the vice president directly owned 72,976 shares of the company’s stock, valued at $3,064,992. This trade represents a 10.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 258,255 shares of company stock worth $10,550,535 over the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

Halliburton Stock Performance

Shares of Halliburton stock opened at $35.20 on Tuesday. Halliburton Company has a 12 month low of $20.17 and a 12 month high of $43.59. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.65. The stock has a market cap of $29.40 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.63 and a beta of 0.71. The business has a fifty day simple moving average of $37.61 and a 200-day simple moving average of $36.38.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.Halliburton’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 earnings per share. On average, sell-side analysts anticipate that Halliburton Company will post 2.36 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, June 3rd. Halliburton’s payout ratio is 37.36%.

About Halliburton

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.