EverSource Wealth Advisors LLC Has $1.39 Million Holdings in Halliburton (NYSE:HAL)

EverSource Wealth Advisors LLC lifted its stake in shares of Halliburton (NYSE:HAL) by 319.0% during the first quarter, Holdings Channel.com reports. The firm owned 36,956 shares of the oilfield services company’s stock after buying an additional 28,137 shares during the period. EverSource Wealth Advisors LLC’s holdings in Halliburton were worth $1,385,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in shares of Halliburton during the first quarter worth approximately $26,000. IAG Wealth Partners LLC bought a new stake in shares of Halliburton during the first quarter worth approximately $30,000. Johnson Financial Group Inc. bought a new stake in shares of Halliburton during the fourth quarter worth approximately $33,000. First United Bank & Trust bought a new stake in shares of Halliburton during the fourth quarter worth approximately $36,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of Halliburton during the fourth quarter worth approximately $37,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction dated Tuesday, May 7th. The shares were 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 in the company, valued at $10,481,883.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Jill D. Sharp sold 3,346 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the transaction, the senior vice president now directly owns 40,185 shares in the company, valued at $1,486,845. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total transaction of $369,200.00. Following the transaction, the executive vice president now owns 283,908 shares in the company, valued at $10,481,883.36. The disclosure for this sale can be found here. Insiders sold 62,287 shares of company stock worth $2,298,204 over the last three months. 0.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on HAL shares. Citigroup lowered their target price on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, June 28th. Jefferies Financial Group cut their price target on shares of Halliburton from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, July 29th. JPMorgan Chase & Co. cut their price target on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Royal Bank of Canada cut their price target on shares of Halliburton from $45.00 to $44.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Finally, Benchmark reissued a “buy” rating and issued a $42.00 price objective on shares of Halliburton in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.35.

Halliburton Price Performance

HAL stock traded down $1.42 during mid-day trading on Friday, hitting $31.82. The stock had a trading volume of 11,236,984 shares, compared to its average volume of 9,151,642. The firm has a fifty day simple moving average of $34.14 and a 200 day simple moving average of $36.03. Halliburton has a 52 week low of $31.42 and a 52 week high of $43.85. 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 firm has a market capitalization of $28.17 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.12 and a beta of 1.93.

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, meeting analysts’ consensus estimates of $0.80. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The company had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.95 billion. During the same period last year, the company posted $0.77 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, research analysts forecast that Halliburton will post 3.18 EPS for the current year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Wednesday, June 5th. Halliburton’s dividend payout ratio (DPR) is 23.53%.

Halliburton Company Profile

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.