Halliburton (NYSE:HAL) Shares Acquired by Nemes Rush Group LLC

Nemes Rush Group LLC lifted its holdings in Halliburton (NYSE:HAL) by 5.0% in the second quarter, Holdings Channel reports. The firm owned 138,556 shares of the oilfield services company’s stock after buying an additional 6,560 shares during the period. Nemes Rush Group LLC’s holdings in Halliburton were worth $4,680,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its holdings in shares of Halliburton by 2.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after purchasing an additional 295 shares in the last quarter. Massachusetts Wealth Management boosted its stake in shares of Halliburton by 1.7% during the 1st quarter. Massachusetts Wealth Management now owns 18,325 shares of the oilfield services company’s stock worth $722,000 after acquiring an additional 300 shares in the last quarter. Beacon Capital Management LLC grew its position in shares of Halliburton by 28.8% during 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 period. Guinness Atkinson Asset Management Inc increased its stake in shares of Halliburton by 3.1% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock valued at $366,000 after purchasing an additional 330 shares in the last quarter. Finally, Moody National Bank Trust Division raised its holdings in Halliburton by 2.9% in the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock worth $400,000 after purchasing an additional 336 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Halliburton

In related news, EVP Van H. Beckwith sold 10,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 273,908 shares in the company, valued at $10,066,119. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.61% of the company’s stock.

Halliburton Stock Performance

Shares of Halliburton stock opened at $28.65 on Friday. The business’s 50 day moving average price is $30.82 and its 200 day moving average price is $34.59. The company has a market cap of $25.36 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 1.02 and a beta of 1.89. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13. Halliburton has a one year low of $27.52 and a one year high of $43.85.

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

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a $0.17 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.37%. Halliburton’s dividend payout ratio (DPR) is 23.53%.

Wall Street Analysts Forecast Growth

Several analysts have commented on HAL shares. UBS Group dropped their price objective on Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Dbs Bank started coverage on shares of Halliburton in a research note on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price target on the stock. Royal Bank of Canada cut shares of Halliburton from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $44.00 to $37.00 in a research report on Friday, September 13th. Evercore ISI dropped their target price on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Finally, Barclays reduced their price target on shares of Halliburton from $54.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.56.

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.