Barclays PLC cut its stake in Halliburton (NYSE:HAL – Free Report) by 31.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,001,930 shares of the oilfield services company’s stock after selling 467,463 shares during the quarter. Barclays PLC owned about 0.11% of Halliburton worth $31,700,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. Ossiam increased its stake in Halliburton by 1,434.1% in the 4th quarter. Ossiam now owns 629 shares of the oilfield services company’s stock worth $25,000 after acquiring an additional 588 shares during the last quarter. Luken Investment Analytics LLC bought a new position in Halliburton in the 4th quarter worth about $31,000. Live Oak Investment Partners bought a new position in Halliburton in the 4th quarter worth about $43,000. BOK Financial Private Wealth Inc. bought a new position in Halliburton in the 4th quarter worth about $50,000. Finally, Montag A & Associates Inc. increased its stake in Halliburton by 155.4% in the 4th quarter. Montag A & Associates Inc. now owns 1,277 shares of the oilfield services company’s stock worth $50,000 after acquiring an additional 777 shares during the last quarter. 84.79% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on HAL shares. Morgan Stanley restated an “overweight” rating and issued a $45.00 target price on shares of Halliburton in a research note on Tuesday. Susquehanna upped their price objective on Halliburton from $42.00 to $44.00 and gave the stock a “positive” rating in a report on Thursday, July 20th. UBS Group cut their price objective on Halliburton from $49.00 to $46.00 in a report on Monday, July 3rd. JPMorgan Chase & Co. cut their price objective on Halliburton from $50.00 to $45.00 in a report on Thursday, July 20th. Finally, Barclays cut their price objective on Halliburton from $58.00 to $49.00 in a report on Thursday, July 20th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $47.47.
Halliburton Stock Down 0.3 %
Halliburton (NYSE:HAL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 19th. The oilfield services company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Halliburton had a return on equity of 31.01% and a net margin of 10.98%. The company had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, research analysts forecast that Halliburton will post 3.04 EPS for the current fiscal year.
Halliburton Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 28th. Investors of record on Wednesday, June 7th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Tuesday, June 6th. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.
Insider Activity at Halliburton
In other Halliburton news, SVP Jill D. Sharp sold 3,686 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $38.00, for a total transaction of $140,068.00. Following the sale, the senior vice president now directly owns 52,109 shares in the company, valued at approximately $1,980,142. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Halliburton news, SVP Jill D. Sharp sold 3,686 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $38.00, for a total transaction of $140,068.00. Following the sale, the senior vice president now directly owns 52,109 shares in the company, valued at approximately $1,980,142. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Myrtle L. Jones sold 10,000 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $38.30, for a total value of $383,000.00. Following the sale, the insider now owns 57,126 shares in the company, valued at $2,187,925.80. The disclosure for this sale can be found here. Insiders sold a total of 363,623 shares of company stock valued at $11,429,183 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.
Halliburton Company Profile
Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.
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