Halliburton (NYSE:HAL) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its holdings in shares of Halliburton (NYSE:HAL) by 21.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,645 shares of the oilfield services company’s stock after selling 28,140 shares during the period. Moran Wealth Management LLC’s holdings in Halliburton were worth $3,386,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Boston Partners lifted its stake in Halliburton by 4.5% during the 2nd quarter. Boston Partners now owns 25,748,754 shares of the oilfield services company’s stock valued at $853,795,000 after acquiring an additional 1,120,274 shares during the period. Sanders Capital LLC lifted its stake in shares of Halliburton by 3.8% in the 1st quarter. Sanders Capital LLC now owns 21,837,221 shares of the oilfield services company’s stock valued at $690,930,000 after purchasing an additional 796,683 shares during the period. Geode Capital Management LLC lifted its stake in shares of Halliburton by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 18,691,333 shares of the oilfield services company’s stock valued at $590,048,000 after purchasing an additional 271,718 shares during the period. Morgan Stanley lifted its stake in shares of Halliburton by 65.5% in the 4th quarter. Morgan Stanley now owns 17,217,776 shares of the oilfield services company’s stock valued at $677,520,000 after purchasing an additional 6,815,373 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Halliburton by 123.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 15,936,342 shares of the oilfield services company’s stock valued at $627,088,000 after purchasing an additional 8,791,319 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Price Performance

Shares of NYSE HAL opened at $38.20 on Tuesday. The firm has a 50-day simple moving average of $40.40 and a 200-day simple moving average of $36.95. The stock has a market capitalization of $34.19 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 0.59 and a beta of 2.12. The company has a quick ratio of 1.53, a current ratio of 2.14 and a debt-to-equity ratio of 0.85. Halliburton has a 52 week low of $27.84 and a 52 week high of $43.85.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, October 24th. The oilfield services company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Halliburton had a net margin of 11.52% and a return on equity of 31.61%. The business had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same period in the prior year, the business earned $0.60 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities analysts predict that Halliburton will post 3.07 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Thursday, December 7th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, December 6th. Halliburton’s payout ratio is currently 21.99%.

Insider Buying and Selling

In other Halliburton news, insider Myrtle L. Jones sold 16,800 shares of Halliburton stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $43.00, for a total transaction of $722,400.00. Following the completion of the sale, the insider now directly owns 42,126 shares in the company, valued at $1,811,418. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Halliburton news, insider Myrtle L. Jones sold 16,800 shares of Halliburton stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $43.00, for a total transaction of $722,400.00. Following the completion of the sale, the insider now directly owns 42,126 shares in the company, valued at $1,811,418. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jill D. Sharp sold 15,333 shares of Halliburton stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $42.00, for a total transaction of $643,986.00. Following the sale, the senior vice president now owns 45,078 shares of the company’s stock, valued at $1,893,276. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,236 shares of company stock worth $2,573,715. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HAL shares. Barclays boosted their target price on shares of Halliburton from $49.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Piper Sandler boosted their target price on shares of Halliburton from $46.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, September 11th. Susquehanna upped their price objective on shares of Halliburton from $48.00 to $51.00 and gave the stock a “positive” rating in a research report on Wednesday, October 25th. Royal Bank of Canada increased their price objective on shares of Halliburton from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, Raymond James increased their price objective on shares of Halliburton from $47.00 to $49.00 and gave the company a “strong-buy” rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $49.00.

Halliburton Company Profile

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.