SG Americas Securities LLC Sells 33,375 Shares of Halliburton (NYSE:HAL)

SG Americas Securities LLC reduced its holdings in shares of Halliburton (NYSE:HALGet Rating) by 54.8% in the third quarter, Holdings Channel.com reports. The fund owned 27,521 shares of the oilfield services company’s stock after selling 33,375 shares during the quarter. SG Americas Securities LLC’s holdings in Halliburton were worth $678,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Coston McIsaac & Partners bought a new stake in shares of Halliburton during the 2nd quarter worth approximately $28,000. Capital Asset Advisory Services LLC bought a new stake in shares of Halliburton during the 2nd quarter worth approximately $29,000. PrairieView Partners LLC lifted its stake in shares of 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. Global Retirement Partners LLC lifted its stake in shares of 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. Finally, IMA Wealth Inc. lifted its stake in shares of 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. 80.56% of the stock is owned by institutional investors.

Halliburton Stock Up 1.2 %

Shares of HAL stock opened at $40.69 on Friday. Halliburton has a 1-year low of $23.30 and a 1-year high of $43.99. The stock’s fifty day moving average price is $38.16 and its 200 day moving average price is $32.96. 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 company has a market cap of $36.95 billion, a price-to-earnings ratio of 21.08 and a beta of 2.14.

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

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 21st. Shareholders of record on Thursday, December 8th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, December 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.18%. Halliburton’s dividend payout ratio is currently 24.87%.

Insiders Place Their Bets

In other Halliburton news, CFO Eric Carre sold 6,513 shares of Halliburton stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $37.50, for a total transaction of $244,237.50. Following the completion of the sale, the chief financial officer now owns 119,691 shares of the company’s stock, valued at approximately $4,488,412.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Eric Carre sold 6,513 shares of the business’s stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $37.50, for a total value of $244,237.50. Following the completion of the transaction, the chief financial officer now owns 119,691 shares of the company’s stock, valued at approximately $4,488,412.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Van H. Beckwith sold 4,295 shares of the business’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $42.60, for a total value of $182,967.00. Following the completion of the transaction, the executive vice president now directly owns 245,731 shares of the company’s stock, valued at approximately $10,468,140.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 59,153 shares of company stock valued at $2,305,715. 0.57% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HAL shares. ATB Capital raised their price objective on Halliburton to $49.00 in a report on Thursday, October 27th. Susquehanna raised their price objective on Halliburton from $48.00 to $51.00 in a report on Wednesday, October 26th. Wolfe Research upgraded Halliburton from an “underperform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a report on Thursday, January 12th. HSBC raised their price objective on Halliburton to $43.90 in a report on Thursday, October 27th. Finally, Morgan Stanley raised their price objective on Halliburton from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, January 4th. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.66.

Halliburton Company Profile

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Halliburton Co engages in the provision of services and products to the energy industry related to the exploration, development and production of oil and natural gas. It operates through the following segments: Completion and Production and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion services.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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