Cibc World Market Inc. Sells 3,806 Shares of Halliburton (NYSE:HAL)

Cibc World Market Inc. decreased its holdings in shares of Halliburton (NYSE:HALGet Rating) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,081 shares of the oilfield services company’s stock after selling 3,806 shares during the period. Cibc World Market Inc.’s holdings in Halliburton were worth $1,037,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HAL. Whittier Trust Co. raised its stake in Halliburton by 223.5% during the 1st quarter. Whittier Trust Co. now owns 2,171 shares of the oilfield services company’s stock worth $82,000 after buying an additional 1,500 shares during the period. Signaturefd LLC raised its stake in Halliburton by 5.5% during the 1st quarter. Signaturefd LLC now owns 7,861 shares of the oilfield services company’s stock worth $298,000 after buying an additional 407 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of Halliburton by 1.5% in the first quarter. Mutual of America Capital Management LLC now owns 119,918 shares of the oilfield services company’s stock worth $4,541,000 after purchasing an additional 1,742 shares during the last quarter. National Asset Management Inc. purchased a new stake in shares of Halliburton in the first quarter worth approximately $372,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Halliburton in the first quarter worth approximately $585,000. Institutional investors own 80.60% of the company’s stock.

Analyst Upgrades and Downgrades

HAL has been the subject of several analyst reports. Royal Bank of Canada increased their price objective on Halliburton from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 26th. Wells Fargo & Company raised Halliburton from an “equal weight” rating to an “overweight” rating and set a $52.00 price objective for the company in a research note on Wednesday, October 26th. StockNews.com initiated coverage on Halliburton in a research report on Wednesday, October 12th. They set a “hold” rating for the company. ATB Capital increased their price target on Halliburton to $49.00 in a research report on Thursday, October 27th. Finally, Piper Sandler increased their price target on Halliburton from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.99.

Insider Transactions at Halliburton

In related news, Director Margaret Katherine Banks sold 6,000 shares of Halliburton stock in a transaction on Friday, October 28th. The stock was sold at an average price of $35.49, for a total transaction of $212,940.00. Following the completion of the sale, the director now owns 14,625 shares of the company’s stock, valued at $519,041.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.57% of the company’s stock.

Halliburton Price Performance

Halliburton stock opened at $36.71 on Monday. Halliburton has a one year low of $20.77 and a one year high of $43.99. The business has a fifty day moving average price of $31.96 and a 200-day moving average price of $32.35. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.10 and a quick ratio of 1.52. The firm has a market capitalization of $33.33 billion, a P/E ratio of 19.02 and a beta of 2.23.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Thursday, December 8th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.31%. Halliburton’s payout ratio is currently 24.87%.

Halliburton Profile

(Get Rating)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

See Also

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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