AE Wealth Management LLC Has $1.12 Million Stake in Halliburton (NYSE:HAL)

AE Wealth Management LLC lifted its holdings in shares of Halliburton (NYSE:HAL – Get Rating) by 24.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,625 shares of the oilfield services company’s stock after buying an additional 8,927 shares during the quarter. AE Wealth Management LLC’s holdings in Halliburton were worth $1,123,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HAL. Coston McIsaac & Partners acquired a new stake in shares of Halliburton during the 2nd quarter worth approximately $28,000. Global Retirement Partners LLC boosted its stake in Halliburton by 115.1% during the 2nd quarter. Global Retirement Partners LLC now owns 940 shares of the oilfield services company’s stock worth $29,000 after acquiring an additional 503 shares during the last quarter. PrairieView Partners LLC boosted its stake in Halliburton by 75.6% during the 2nd quarter. PrairieView Partners LLC now owns 936 shares of the oilfield services company’s stock worth $29,000 after acquiring an additional 403 shares during the last quarter. Capital Asset Advisory Services LLC bought a new position in Halliburton during the 2nd quarter worth approximately $29,000. Finally, IMA Wealth Inc. boosted its stake in Halliburton by 257.7% during the 2nd quarter. IMA Wealth Inc. now owns 1,073 shares of the oilfield services company’s stock worth $34,000 after acquiring an additional 773 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Insider Buying and Selling

In related news, Director Margaret Katherine Banks sold 6,000 shares of the business’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $35.49, for a total transaction of $212,940.00. Following the transaction, the director now directly owns 14,625 shares in the company, valued at $519,041.25. The sale was disclosed in a filing with the SEC, which is available through this link. In other Halliburton news, EVP Van H. Beckwith sold 9,006 shares of the company’s stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $37.75, for a total value of $339,976.50. Following the transaction, the executive vice president now directly owns 234,691 shares in the company, valued at $8,859,585.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Margaret Katherine Banks sold 6,000 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $35.49, for a total transaction of $212,940.00. Following the completion of the transaction, the director now owns 14,625 shares in the company, valued at $519,041.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,365 shares of company stock worth $1,941,186. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

HAL has been the topic of several recent analyst reports. Susquehanna lifted their price objective on shares of Halliburton from $48.00 to $51.00 in a research note on Wednesday, October 26th. HSBC lifted their price target on shares of Halliburton to $43.90 in a research note on Thursday, October 27th. TheStreet raised shares of Halliburton from a “c” rating to a “b” rating in a research note on Tuesday, October 25th. Wells Fargo & Company raised shares of Halliburton from an “equal weight” rating to an “overweight” rating and set a $52.00 price target on the stock in a research note on Wednesday, October 26th. Finally, Piper Sandler lifted their price target on shares of Halliburton from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, November 18th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $44.05.

Halliburton Price Performance

Shares of HAL opened at $40.99 on Thursday. The company has a market cap of $37.22 billion, a price-to-earnings ratio of 21.24 and a beta of 2.14. Halliburton has a 1-year low of $23.30 and a 1-year high of $43.99. The company’s fifty day simple moving average is $37.68 and its 200 day simple moving average is $32.47. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

Halliburton (NYSE:HAL – Get Rating) last issued its earnings results on Tuesday, October 25th. The oilfield services company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.33 billion. Halliburton had a net margin of 9.16% and a return on equity of 22.69%. On average, research analysts forecast that Halliburton will post 2.11 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 21st. Investors of record on Thursday, December 8th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, December 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.17%. Halliburton’s payout ratio is 24.87%.

Halliburton Company Profile

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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.