Halliburton Company $HAL Shares Sold by LSV Asset Management

LSV Asset Management trimmed its position in shares of Halliburton Company (NYSE:HAL) by 4.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,049,722 shares of the oilfield services company’s stock after selling 271,678 shares during the quarter. LSV Asset Management owned approximately 0.72% of Halliburton worth $148,823,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in Halliburton during the 3rd quarter worth $25,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Halliburton in the second quarter worth about $25,000. Root Financial Partners LLC acquired a new position in Halliburton during the third quarter worth about $32,000. Rakuten Securities Inc. boosted its position in Halliburton by 547.3% during the second quarter. Rakuten Securities Inc. now owns 1,586 shares of the oilfield services company’s stock worth $32,000 after acquiring an additional 1,341 shares during the last quarter. Finally, Cape Investment Advisory Inc. grew its stake in Halliburton by 111.9% during the 2nd quarter. Cape Investment Advisory Inc. now owns 1,704 shares of the oilfield services company’s stock valued at $35,000 after acquiring an additional 900 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Halliburton

In related news, EVP Van H. Beckwith sold 54,348 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $34.96, for a total transaction of $1,900,006.08. Following the completion of the transaction, the executive vice president owned 344,535 shares of the company’s stock, valued at approximately $12,044,943.60. This trade represents a 13.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Lawrence J. Pope sold 100,000 shares of Halliburton stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $32.25, for a total transaction of $3,225,000.00. Following the completion of the sale, the executive vice president owned 419,800 shares of the company’s stock, valued at $13,538,550. This trade represents a 19.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 337,002 shares of company stock valued at $11,445,938. 0.56% of the stock is owned by insiders.

Halliburton Stock Performance

Shares of Halliburton stock opened at $35.00 on Thursday. The firm has a market cap of $29.32 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 2.03 and a beta of 0.77. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $35.55. The business’s fifty day simple moving average is $31.00 and its 200-day simple moving average is $26.42.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The firm had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.39 billion. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The company’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the company earned $0.73 EPS. Equities analysts forecast that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 3rd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, December 3rd. Halliburton’s payout ratio is 45.03%.

Analysts Set New Price Targets

A number of research analysts have weighed in on HAL shares. Capital One Financial raised their target price on shares of Halliburton from $25.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Royal Bank Of Canada lifted their price objective on Halliburton from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. The Goldman Sachs Group boosted their price objective on Halliburton from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Stifel Nicolaus set a $36.00 target price on Halliburton in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price target on Halliburton from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.95.

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.