Halliburton (NYSE:HAL) Holdings Lifted by Raymond James & Associates

Raymond James & Associates boosted its position in shares of Halliburton (NYSE:HAL) by 4.6% in the second quarter, Holdings Channel.com reports. The firm owned 4,142,431 shares of the oilfield services company’s stock after purchasing an additional 183,429 shares during the period. Raymond James & Associates’ holdings in Halliburton were worth $139,931,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HAL. Price T Rowe Associates Inc. MD boosted its position in 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 purchasing an additional 19,237,784 shares during the last quarter. Norges Bank acquired a new stake in Halliburton during the fourth quarter valued at $400,070,000. Vanguard Group Inc. boosted its position in Halliburton by 2.7% during the first quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock valued at $3,952,805,000 after purchasing an additional 2,618,740 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Halliburton by 24.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,878,811 shares of the oilfield services company’s stock valued at $284,822,000 after purchasing an additional 1,568,485 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Halliburton by 116.9% during the first quarter. Principal Financial Group Inc. now owns 2,483,230 shares of the oilfield services company’s stock valued at $97,889,000 after purchasing an additional 1,338,371 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity at Halliburton

In related news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was 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 in the company, valued at $10,066,119. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Jefferies Financial Group reduced their price target on Halliburton from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, July 29th. UBS Group boosted their price target on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Susquehanna reduced their price target on Halliburton from $49.00 to $46.00 and set a “positive” rating for the company in a research report on Monday, July 22nd. Wells Fargo & Company reduced their price target on Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. Finally, Piper Sandler reduced their price target on Halliburton from $46.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and an average target price of $45.35.

Halliburton Trading Up 0.2 %

Halliburton stock opened at $31.45 on Monday. Halliburton has a 52 week low of $30.31 and a 52 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 firm has a market capitalization of $27.84 billion, a PE ratio of 10.86, a PEG ratio of 1.12 and a beta of 1.93. The business’s 50-day simple moving average is $33.33 and its 200-day simple moving average is $35.72.

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, meeting the consensus estimate of $0.80. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The firm had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. During the same period in the previous year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts forecast that Halliburton will post 3.18 earnings per share for the current year.

Halliburton Announces Dividend

The company 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 dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.16%. Halliburton’s dividend payout ratio is 23.53%.

Halliburton 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.