SG Americas Securities LLC Purchases 682,348 Shares of Halliburton Company $HAL

SG Americas Securities LLC raised its position in shares of Halliburton Company (NYSE:HAL) by 1,082.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 745,387 shares of the oilfield services company’s stock after purchasing an additional 682,348 shares during the period. SG Americas Securities LLC’s holdings in Halliburton were worth $21,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new stake in Halliburton in the second quarter worth approximately $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of Halliburton in the 3rd quarter worth approximately $25,000. Kelleher Financial Advisors bought a new stake in shares of Halliburton in the 3rd quarter worth approximately $25,000. Strive Asset Management LLC purchased a new stake in shares of Halliburton in the 3rd quarter valued at $31,000. Finally, Rakuten Securities Inc. grew its holdings in shares of Halliburton by 547.3% during the 2nd quarter. Rakuten Securities Inc. now owns 1,586 shares of the oilfield services company’s stock valued at $32,000 after purchasing an additional 1,341 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Trading Up 4.1%

NYSE HAL opened at $40.39 on Friday. The stock has a market cap of $33.83 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 2.33 and a beta of 0.73. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $40.43. The stock has a 50 day simple moving average of $34.97 and a two-hundred day simple moving average of $29.46. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 2.04.

Halliburton (NYSE:HAL) last posted its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The firm had revenue of $5.66 billion for 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 business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 EPS. On average, analysts forecast that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.68 annualized dividend and a yield of 1.7%. Halliburton’s payout ratio is 45.03%.

Insiders Place Their Bets

In related news, EVP Lawrence J. Pope sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $32.25, for a total value of $3,225,000.00. Following the transaction, the executive vice president directly owned 419,800 shares of the company’s stock, valued at approximately $13,538,550. This represents a 19.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Timothy Mckeon sold 3,846 shares of Halliburton stock in a transaction on Friday, March 6th. The stock was sold at an average price of $34.37, for a total value of $132,187.02. Following the completion of the sale, the vice president directly owned 81,631 shares of the company’s stock, valued at approximately $2,805,657.47. The trade was a 4.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 357,053 shares of company stock valued at $12,178,682. 0.56% of the stock is owned by company insiders.

Analyst Ratings Changes

HAL has been the subject of several analyst reports. Piper Sandler upped their price target on shares of Halliburton from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. The Goldman Sachs Group increased their target price on Halliburton from $40.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Capital One Financial lifted their price target on Halliburton from $25.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Barclays increased their price objective on Halliburton from $25.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 16th. Finally, Susquehanna lifted their target price on shares of Halliburton from $36.00 to $40.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.81.

Halliburton 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.