Halliburton (NYSE:HAL) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. cut its stake in shares of Halliburton (NYSE:HAL) by 84.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,523 shares of the oilfield services company’s stock after selling 8,367 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Halliburton were worth $51,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HAL. Rise Advisors LLC acquired a new stake in Halliburton in the 1st quarter valued at about $26,000. Bruce G. Allen Investments LLC grew its stake in Halliburton by 274.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock valued at $38,000 after acquiring an additional 822 shares during the last quarter. Crewe Advisors LLC acquired a new stake in Halliburton in the 1st quarter valued at about $46,000. Beacon Capital Management LLC grew its stake in Halliburton by 28.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after acquiring an additional 309 shares during the last quarter. Finally, General Partner Inc. acquired a new stake in Halliburton in the 1st quarter valued at about $55,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HAL. StockNews.com cut shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. TD Cowen decreased their price target on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Stifel Nicolaus decreased their price target on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Bank of America decreased their price target on shares of Halliburton from $41.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Three 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.56.

Halliburton Trading Up 1.2 %

NYSE HAL opened at $31.09 on Friday. Halliburton has a one year low of $27.52 and a one year high of $43.85. The company’s 50 day moving average price is $30.46 and its 200 day moving average price is $34.33. 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 firm has a market capitalization of $27.52 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 1.02 and a beta of 1.88.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. Halliburton’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. On average, sell-side analysts predict that Halliburton will post 3.14 EPS for the current year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.19%. Halliburton’s dividend payout ratio is currently 23.53%.

Insider Transactions at Halliburton

In other news, EVP Van H. Beckwith sold 10,000 shares of the firm’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 sale, the executive vice president now owns 273,908 shares of the company’s stock, valued at approximately $10,066,119. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

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.