Halliburton (NYSE:HAL) Shares Sold by Natixis

Natixis decreased its stake in shares of Halliburton (NYSE:HAL) by 38.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,846 shares of the oilfield services company’s stock after selling 33,798 shares during the quarter. Natixis’ holdings in Halliburton were worth $2,162,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Pitcairn Co. increased its stake in shares of Halliburton by 2.3% in the first quarter. Pitcairn Co. now owns 18,118 shares of the oilfield services company’s stock worth $714,000 after acquiring an additional 406 shares during the period. Lake Street Advisors Group LLC increased its stake in shares of Halliburton by 18.7% in the first quarter. Lake Street Advisors Group LLC now owns 12,249 shares of the oilfield services company’s stock worth $483,000 after acquiring an additional 1,931 shares during the period. UniSuper Management Pty Ltd increased its stake in shares of Halliburton by 346.3% in the first quarter. UniSuper Management Pty Ltd now owns 37,051 shares of the oilfield services company’s stock worth $1,461,000 after acquiring an additional 28,749 shares during the period. Edgestream Partners L.P. increased its stake in shares of Halliburton by 138.4% in the first quarter. Edgestream Partners L.P. now owns 22,485 shares of the oilfield services company’s stock worth $886,000 after acquiring an additional 13,055 shares during the period. Finally, TIAA Trust National Association acquired a new stake in shares of Halliburton in the first quarter worth $202,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Transactions at Halliburton

In other news, EVP Van H. Beckwith sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $36.75, for a total value of $367,500.00. Following the transaction, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at $10,066,119. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Van H. Beckwith sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $36.75, for a total transaction of $367,500.00. Following the completion of the sale, the executive vice president now directly owns 273,908 shares in the company, valued at $10,066,119. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jill D. Sharp sold 3,346 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total transaction of $123,802.00. Following the sale, the senior vice president now owns 40,185 shares of the company’s stock, valued at $1,486,845. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,287 shares of company stock valued at $2,298,204. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HAL shares. Citigroup cut their price objective on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Evercore ISI lowered their price target on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday. JPMorgan Chase & Co. lowered their price target on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday. Piper Sandler lowered their price target on shares of Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Barclays lowered their price target on shares of Halliburton from $54.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $45.53.

Halliburton Price Performance

HAL traded up $1.19 during midday trading on Thursday, hitting $34.18. 10,807,475 shares of the company traded hands, compared to its average volume of 7,549,433. The business has a 50 day simple moving average of $34.60 and a two-hundred day simple moving average of $36.06. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $30.26 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.11 and a beta of 1.93. Halliburton has a 52-week low of $32.60 and a 52-week high of $43.85.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share. On average, equities analysts forecast that Halliburton will post 3.22 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Wednesday, June 5th. Halliburton’s dividend payout ratio is currently 23.53%.

About Halliburton

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.