Halliburton (NYSE:HAL) Shares Sold by Kestra Private Wealth Services LLC

Posted by Defense World Staff on Apr 20th, 2023

Kestra Private Wealth Services LLC lessened its position in shares of Halliburton (NYSE:HAL – Get Rating) by 10.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,220 shares of the oilfield services company’s stock after selling 947 shares during the period. Kestra Private Wealth Services LLC’s holdings in Halliburton were worth $323,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EWG Elevate Inc. acquired a new position in Halliburton during the 4th quarter worth approximately $25,000. Worth Asset Management LLC acquired a new position in Halliburton during the 4th quarter worth approximately $27,000. Accurate Wealth Management LLC acquired a new position in Halliburton during the 4th quarter worth approximately $40,000. Bogart Wealth LLC grew its holdings in Halliburton by 100.0% during the 3rd quarter. Bogart Wealth LLC now owns 1,150 shares of the oilfield services company’s stock worth $28,000 after acquiring an additional 575 shares in the last quarter. Finally, Hanseatic Management Services Inc. grew its holdings in Halliburton by 74.1% during the 3rd quarter. Hanseatic Management Services Inc. now owns 1,266 shares of the oilfield services company’s stock worth $31,000 after acquiring an additional 539 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Halliburton Stock Up 0.7 %

Shares of Halliburton stock opened at $34.11 on Thursday. The company has a market cap of $30.80 billion, a P/E ratio of 19.72, a PEG ratio of 0.25 and a beta of 2.11. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.50 and a current ratio of 2.05. Halliburton has a one year low of $23.30 and a one year high of $43.99. The firm has a fifty day moving average of $34.46 and a two-hundred day moving average of $36.05.

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

Halliburton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 1st were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.88%. This is an increase from Halliburton’s previous quarterly dividend of $0.12. Halliburton’s dividend payout ratio is presently 36.99%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HAL shares. Barclays upped their target price on shares of Halliburton from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, January 25th. Wolfe Research upgraded shares of Halliburton from an “underperform” rating to an “outperform” rating and set a $51.00 target price for the company in a report on Thursday, January 12th. UBS Group started coverage on shares of Halliburton in a report on Wednesday. They issued a “buy” rating and a $49.00 target price for the company. HSBC upped their target price on shares of Halliburton from $43.90 to $57.00 and gave the company a “buy” rating in a report on Monday, January 30th. Finally, StockNews.com cut shares of Halliburton from a “buy” rating to a “hold” rating in a report on Tuesday, April 4th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $48.17.

Insider Activity

In other news, Director Margaret Katherine Banks sold 2,769 shares of the 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 transaction, the director now owns 11,856 shares in the company, valued at approximately $459,894.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

About Halliburton

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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.