Halliburton (NYSE:HAL) Shares Sold by Versor Investments LP

Posted by Defense World Staff on Apr 14th, 2023

Versor Investments LP decreased its stake in Halliburton (NYSE:HAL – Get Rating) by 54.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,403 shares of the oilfield services company’s stock after selling 15,032 shares during the period. Versor Investments LP’s holdings in Halliburton were worth $488,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HAL. State Street Corp boosted its stake in Halliburton by 2.1% during the 3rd quarter. State Street Corp now owns 59,383,523 shares of the oilfield services company’s stock worth $1,462,022,000 after purchasing an additional 1,241,290 shares during the period. Sanders Capital LLC boosted its stake in Halliburton by 3.0% during the 3rd quarter. Sanders Capital LLC now owns 21,366,658 shares of the oilfield services company’s stock worth $526,047,000 after purchasing an additional 622,878 shares during the period. Boston Partners boosted its stake in Halliburton by 11.1% during the 3rd quarter. Boston Partners now owns 9,951,333 shares of the oilfield services company’s stock worth $245,269,000 after purchasing an additional 998,022 shares during the period. Bank of New York Mellon Corp boosted its stake in Halliburton by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 9,700,760 shares of the oilfield services company’s stock worth $238,833,000 after purchasing an additional 81,880 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Halliburton by 60.4% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,746,026 shares of the oilfield services company’s stock worth $215,328,000 after purchasing an additional 3,294,360 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Insider Buying and Selling at Halliburton

In other news, Director Margaret Katherine Banks sold 2,769 shares of the business’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $38.79, for a total transaction of $107,409.51. Following the completion of the transaction, the director now owns 11,856 shares of the company’s stock, valued at $459,894.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Margaret Katherine Banks sold 2,769 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $38.79, for a total value of $107,409.51. Following the completion of the sale, the director now owns 11,856 shares of the company’s stock, valued at $459,894.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Van H. Beckwith sold 4,493 shares of the company’s stock in a transaction dated Thursday, January 19th. The stock was sold at an average price of $40.41, for a total transaction of $181,562.13. Following the completion of the sale, the executive vice president now directly owns 191,334 shares of the company’s stock, valued at approximately $7,731,806.94. The disclosure for this sale can be found here. Insiders sold a total of 11,557 shares of company stock worth $471,939 over the last 90 days. Insiders own 0.57% of the company’s stock.

Halliburton Stock Up 0.7 %

Shares of NYSE:HAL opened at $33.81 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 0.99. The company has a fifty day simple moving average of $34.87 and a 200 day simple moving average of $35.70. The firm has a market cap of $30.53 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 0.25 and a beta of 2.11. Halliburton has a 12-month low of $23.30 and a 12-month high of $43.99.

Halliburton (NYSE:HAL – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The oilfield services company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The business had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.59 billion. Halliburton had a net margin of 7.74% and a return on equity of 26.25%. The business’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share. On average, equities research analysts anticipate that Halliburton will post 3.07 EPS for the current fiscal year.

Halliburton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 29th. Investors of record on Wednesday, March 1st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Tuesday, February 28th. This is a positive change from Halliburton’s previous quarterly dividend of $0.12. Halliburton’s payout ratio is 36.99%.

Wall Street Analyst Weigh In

Several analysts have recently commented on HAL shares. Barclays raised their target price on shares of Halliburton from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 25th. StockNews.com downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a report on Tuesday, April 4th. Citigroup lowered their price target on shares of Halliburton from $47.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, March 22nd. HSBC lifted their price target on shares of Halliburton from $43.90 to $57.00 and gave the stock a “buy” rating in a report on Monday, January 30th. Finally, Royal Bank of Canada lifted their price target on shares of Halliburton from $45.00 to $48.00 in a report on Wednesday, January 25th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and a consensus price target of $48.12.

Halliburton Profile

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Halliburton Co engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the Completion and Production, and Drilling and Evaluation segments. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services.