Halliburton (NYSE:HAL) Shares Purchased by Stonebrook Private Inc.

Stonebrook Private Inc. boosted its stake in Halliburton (NYSE:HAL) by 15.3% in the 2nd quarter, Holdings Channel reports. The firm owned 22,071 shares of the oilfield services company’s stock after purchasing an additional 2,921 shares during the period. Stonebrook Private Inc.’s holdings in Halliburton were worth $746,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in shares of Halliburton during the first quarter worth $26,000. IAG Wealth Partners LLC purchased a new position in shares of Halliburton in the 1st quarter valued at about $30,000. Johnson Financial Group Inc. purchased a new position in shares of Halliburton in the 4th quarter valued at about $33,000. First United Bank & Trust acquired a new stake in Halliburton in the fourth quarter valued at approximately $36,000. Finally, Bruce G. Allen Investments LLC lifted its stake in Halliburton by 274.9% in the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after acquiring an additional 822 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HAL. Piper Sandler reduced their price objective on shares of Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Bank of America decreased their price target on Halliburton from $41.00 to $40.00 and set a “buy” rating for the company in a report on Monday, July 22nd. JPMorgan Chase & Co. dropped their price objective on Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Benchmark restated a “buy” rating and set a $42.00 target price on shares of Halliburton in a research note on Monday, July 22nd. Finally, Citigroup lowered their price target on Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, June 28th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and a consensus price target of $44.88.

Insider Activity at Halliburton

In other news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total transaction of $367,500.00. Following the sale, the executive vice president now owns 273,908 shares of the company’s stock, valued at approximately $10,066,119. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.61% of the company’s stock.

Halliburton Stock Performance

Shares of Halliburton stock traded down $0.48 on Friday, reaching $28.59. 9,271,220 shares of the stock were exchanged, compared to its average volume of 7,510,342. 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 $25.31 billion, a PE ratio of 9.89, a PEG ratio of 1.06 and a beta of 1.89. Halliburton has a 1-year low of $28.43 and a 1-year high of $43.85. The business has a fifty day moving average price of $32.44 and a two-hundred day moving average price of $35.29.

Halliburton (NYSE:HAL) last issued its earnings results 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. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The business had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.95 billion. During the same period in the prior year, the business posted $0.77 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, research analysts anticipate that Halliburton will post 3.14 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.38%. Halliburton’s dividend payout ratio is presently 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.