Halliburton (NYSE:HAL) Shares Sold by First Hawaiian Bank

First Hawaiian Bank reduced its stake in Halliburton (NYSE:HAL) by 30.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,219 shares of the oilfield services company’s stock after selling 5,919 shares during the period. First Hawaiian Bank’s holdings in Halliburton were worth $521,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors raised its position in Halliburton by 0.4% in the 4th quarter. Capital World Investors now owns 121,551,234 shares of the oilfield services company’s stock valued at $4,394,077,000 after purchasing an additional 479,877 shares in the last quarter. Sanders Capital LLC raised its holdings in Halliburton by 3.4% in the fourth quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock valued at $850,927,000 after acquiring an additional 782,093 shares in the last quarter. Norges Bank acquired a new position in Halliburton during the 4th quarter worth approximately $400,070,000. Northern Trust Corp grew its holdings in Halliburton by 3.0% during the 3rd quarter. Northern Trust Corp now owns 9,202,160 shares of the oilfield services company’s stock worth $372,687,000 after acquiring an additional 265,680 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Halliburton by 24.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,878,811 shares of the oilfield services company’s stock valued at $284,822,000 after purchasing an additional 1,568,485 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Price Performance

Shares of NYSE HAL opened at $33.61 on Friday. The stock has a fifty day moving average price of $36.35 and a 200 day moving average price of $36.36. Halliburton has a 1-year low of $30.04 and a 1-year high of $43.85. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.12 and a quick ratio of 1.52. The company has a market cap of $29.75 billion, a PE ratio of 11.63, a P/E/G ratio of 0.84 and a beta of 1.93.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 earnings per share. Sell-side analysts forecast that Halliburton will post 3.39 EPS for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.02%. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HAL shares. Susquehanna reissued a “positive” rating and issued a $49.00 target price on shares of Halliburton in a report on Monday, April 8th. TD Cowen raised their target price on Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Citigroup upped their price target on Halliburton from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. StockNews.com cut shares of Halliburton from a “buy” rating to a “hold” rating in a report on Monday, June 17th. Finally, Wells Fargo & Company dropped their target price on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Halliburton has an average rating of “Moderate Buy” and a consensus price target of $49.06.

Insider Buying and Selling

In related news, insider Jeffrey Shannon Slocum sold 38,941 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $1,437,701.72. Following the sale, the insider now owns 130,783 shares in the company, valued at approximately $4,828,508.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Jill D. Sharp sold 3,346 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the completion of the transaction, the senior vice president now directly owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey Shannon Slocum sold 38,941 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $1,437,701.72. Following the sale, the insider now owns 130,783 shares in the company, valued at approximately $4,828,508.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,287 shares of company stock valued at $1,930,704. Corporate insiders own 0.61% of the company’s stock.

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.