Halliburton (NYSE:HAL) Shares Sold by Overbrook Management Corp

Overbrook Management Corp reduced its holdings in Halliburton (NYSE:HALFree Report) by 35.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,441 shares of the oilfield services company’s stock after selling 5,248 shares during the period. Overbrook Management Corp’s holdings in Halliburton were worth $372,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Halliburton in the fourth quarter valued at about $400,070,000. Dimensional Fund Advisors LP raised its stake in Halliburton by 24.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,878,811 shares of the oilfield services company’s stock worth $284,822,000 after acquiring an additional 1,568,485 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Halliburton by 18.3% in the 4th quarter. Wellington Management Group LLP now owns 6,217,704 shares of the oilfield services company’s stock valued at $224,770,000 after purchasing an additional 962,547 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Halliburton by 51.2% in the fourth quarter. Jennison Associates LLC now owns 2,539,062 shares of the oilfield services company’s stock valued at $91,787,000 after acquiring an additional 859,440 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its holdings in shares of Halliburton by 1,507.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 852,357 shares of the oilfield services company’s stock valued at $34,520,000 after acquiring an additional 799,337 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Trading Down 1.2 %

Shares of Halliburton stock traded down $0.42 during trading hours on Thursday, hitting $33.61. The company’s stock had a trading volume of 9,502,280 shares, compared to its average volume of 7,214,301. Halliburton has a 1-year low of $31.75 and a 1-year high of $43.85. The company has a market capitalization of $29.75 billion, a PE ratio of 11.63, a P/E/G ratio of 0.88 and a beta of 1.93. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. The business has a fifty day moving average of $36.10 and a 200 day moving average of $36.35.

Halliburton (NYSE:HALGet Free Report) last issued its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The company had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.67 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Halliburton will post 3.39 EPS for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Wednesday, June 5th. Halliburton’s dividend payout ratio (DPR) is currently 23.53%.

Insider Buying and Selling

In other Halliburton news, insider Jeffrey Shannon Slocum sold 38,941 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $1,437,701.72. Following the completion of the transaction, the insider now directly owns 130,783 shares of the company’s stock, valued at approximately $4,828,508.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Jeffrey Shannon Slocum sold 38,941 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $1,437,701.72. Following the completion of the sale, the insider now directly owns 130,783 shares in the company, valued at approximately $4,828,508.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total transaction of $369,200.00. Following the completion of the transaction, the executive vice president now directly owns 283,908 shares of the company’s stock, valued at approximately $10,481,883.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,287 shares of company stock worth $1,930,704. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

HAL has been the topic of several research reports. TD Cowen raised their price objective on shares of Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Jefferies Financial Group upped their price objective on Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group lifted their target price on Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. Benchmark restated a “buy” rating and set a $45.00 price target on shares of Halliburton in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company dropped their price objective on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $49.06.

View Our Latest Analysis on HAL

Halliburton Company Profile

(Free Report)

Halliburton Company provides products and services to the energy industry worldwide. It operates through 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; and 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.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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