Blue Trust Inc. Buys 1,223 Shares of Halliburton (NYSE:HAL)

Blue Trust Inc. increased its stake in Halliburton (NYSE:HAL) by 21.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,021 shares of the oilfield services company’s stock after buying an additional 1,223 shares during the period. Blue Trust Inc.’s holdings in Halliburton were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rise Advisors LLC purchased a new stake in shares of Halliburton during the first quarter valued at approximately $26,000. IAG Wealth Partners LLC bought a new stake in shares of Halliburton in the 1st quarter worth $30,000. Johnson Financial Group Inc. purchased a new position in shares of Halliburton in the fourth quarter worth $33,000. First United Bank & Trust purchased a new position in shares of Halliburton in the fourth quarter worth $36,000. Finally, Criterion Capital Advisors LLC bought a new position in shares of Halliburton during the fourth quarter valued at $37,000. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

Shares of HAL opened at $31.38 on Monday. Halliburton has a 52 week low of $30.31 and a 52 week high of $43.85. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. The stock has a market cap of $27.78 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 1.12 and a beta of 1.93. The business has a 50-day simple moving average of $33.33 and a two-hundred day simple moving average of $35.72.

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

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.17%. Halliburton’s payout ratio is 23.53%.

Insider Activity at Halliburton

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HAL shares. UBS Group lifted their price objective on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Bank of America reduced their price target on shares of Halliburton from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Piper Sandler dropped their target price on shares of Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Finally, Jefferies Financial Group decreased their target price 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. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.35.

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.