Moody National Bank Trust Division Raises Stock Position in Halliburton (NYSE:HAL)

Moody National Bank Trust Division increased its holdings in shares of Halliburton (NYSE:HAL) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,842 shares of the oilfield services company’s stock after purchasing an additional 336 shares during the period. Moody National Bank Trust Division’s holdings in Halliburton were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in HAL. Rise Advisors LLC acquired a new position in Halliburton in the 1st quarter worth $26,000. IAG Wealth Partners LLC purchased a new position in Halliburton in the first quarter valued at about $30,000. Johnson Financial Group Inc. acquired a new stake in Halliburton during the 4th quarter valued at approximately $33,000. First United Bank & Trust purchased a new stake in Halliburton during the 4th quarter worth approximately $36,000. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Halliburton in the 4th quarter valued at approximately $37,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Performance

Shares of NYSE:HAL traded up $0.05 during trading hours on Tuesday, hitting $30.93. The stock had a trading volume of 7,590,167 shares, compared to its average volume of 7,570,686. The stock’s fifty day simple moving average is $34.04 and its 200 day simple moving average is $36.04. The firm has a market capitalization of $27.38 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 1.12 and a beta of 1.93. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13. Halliburton has a 1-year low of $30.31 and a 1-year high of $43.85.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The business had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. Sell-side analysts anticipate that Halliburton will post 3.18 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Wednesday, June 5th. Halliburton’s dividend payout ratio is currently 23.53%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HAL. Evercore ISI dropped their price target on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Benchmark reiterated a “buy” rating and issued a $42.00 price target on shares of Halliburton in a research note on Monday, July 22nd. The Goldman Sachs Group upped their price objective on Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. Stifel Nicolaus reduced their target price on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, July 16th. Finally, Barclays lowered their price target on Halliburton from $54.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.35.

Insider Activity

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the company’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 of the company’s stock, valued at $10,066,119. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by company insiders.

Halliburton 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.