Halliburton Company $HAL Stock Holdings Reduced by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lessened its stake in shares of Halliburton Company (NYSE:HAL) by 74.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,458 shares of the oilfield services company’s stock after selling 98,883 shares during the period. Fulcrum Asset Management LLP’s holdings in Halliburton were worth $1,087,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bank of Nova Scotia increased its stake in shares of Halliburton by 128.8% in the first quarter. Bank of Nova Scotia now owns 2,284,612 shares of the oilfield services company’s stock worth $89,077,000 after acquiring an additional 1,286,095 shares during the period. Carrhae Capital LLP raised its holdings in shares of Halliburton by 21.5% during the second quarter. Carrhae Capital LLP now owns 726,193 shares of the oilfield services company’s stock worth $24,654,000 after purchasing an additional 128,472 shares during the last quarter. Private Advisory Group LLC purchased a new position in shares of Halliburton during the second quarter worth $10,443,000. Envestnet Asset Management Inc. lifted its position in Halliburton by 18.1% during the second quarter. Envestnet Asset Management Inc. now owns 961,660 shares of the oilfield services company’s stock valued at $32,648,000 after purchasing an additional 147,329 shares during the period. Finally, Liontrust Investment Partners LLP acquired a new position in Halliburton during the first quarter valued at $5,891,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Activity

In other news, COO Jeffrey Slocum sold 52,572 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the completion of the sale, the chief operating officer owned 118,730 shares of the company’s stock, valued at $4,166,235.70. The trade was a 30.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by company insiders.

Halliburton Trading Up 3.4%

Shares of NYSE:HAL opened at $32.94 on Thursday. Halliburton Company has a 1 year low of $24.92 and a 1 year high of $43.59. The firm has a market capitalization of $27.24 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.85 and a beta of 0.76. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.02 and a quick ratio of 1.48. The business’s 50 day moving average price is $33.84 and its 200-day moving average price is $35.74.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.58 billion. Halliburton had a net margin of 8.90% and a return on equity of 18.36%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.58 EPS. On average, equities research analysts forecast that Halliburton Company will post 2.33 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Wednesday, December 2nd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, December 2nd. Halliburton’s dividend payout ratio (DPR) is presently 28.45%.

Analyst Ratings Changes

A number of brokerages have recently commented on HAL. Evercore restated an “outperform” rating and issued a $43.00 target price on shares of Halliburton in a research note on Wednesday, July 22nd. Freedom Capital raised Halliburton from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Freedom Broker upgraded Halliburton from a “hold” rating to a “buy” rating and lifted their price target for the company from $37.00 to $40.00 in a research report on Thursday, October 22nd. Piper Sandler decreased their price target on Halliburton from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Finally, UBS Group decreased their price target on Halliburton from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, October 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.86.

Halliburton Profile

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well. Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.