Halliburton (NYSE:HAL) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC grew its holdings in Halliburton (NYSE:HAL) by 33.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,079 shares of the oilfield services company’s stock after acquiring an additional 3,283 shares during the quarter. Park Avenue Securities LLC’s holdings in Halliburton were worth $516,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HAL. Acadian Asset Management LLC raised its stake in shares of Halliburton by 14.9% in the third quarter. Acadian Asset Management LLC now owns 15,938 shares of the oilfield services company’s stock worth $644,000 after purchasing an additional 2,066 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Halliburton by 21.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 46,181 shares of the oilfield services company’s stock worth $1,870,000 after purchasing an additional 8,030 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Halliburton by 14.0% in the third quarter. Toronto Dominion Bank now owns 438,067 shares of the oilfield services company’s stock worth $17,742,000 after purchasing an additional 53,727 shares during the last quarter. Ancora Advisors LLC raised its stake in shares of Halliburton by 443.8% in the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 719 shares during the last quarter. Finally, Corton Capital Inc. purchased a new position in shares of Halliburton in the third quarter worth about $216,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

HAL has been the subject of several research analyst reports. StockNews.com upgraded Halliburton from a “hold” rating to a “buy” rating in a research note on Tuesday. Citigroup reduced their price target on Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday. Wells Fargo & Company reduced their price target on Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. Morgan Stanley lifted their price target on Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Finally, TD Cowen lifted their price target on Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Halliburton has an average rating of “Buy” and an average target price of $48.75.

Halliburton Stock Performance

Shares of NYSE:HAL opened at $33.73 on Friday. 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 business’s 50 day moving average price is $35.89 and its 200-day moving average price is $36.33. The firm has a market capitalization of $29.86 billion, a PE ratio of 11.67, a P/E/G ratio of 0.87 and a beta of 1.93. Halliburton has a 1 year low of $32.27 and a 1 year high of $43.85.

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 firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. As a group, equities research analysts expect that Halliburton will post 3.39 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Wednesday, June 5th. Halliburton’s dividend payout ratio is presently 23.53%.

Insider Transactions at Halliburton

In other Halliburton news, insider Jeffrey Shannon Slocum sold 38,941 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total transaction of $1,437,701.72. Following the transaction, the insider now owns 130,783 shares of the company’s stock, valued at $4,828,508.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total transaction of $369,200.00. Following the transaction, the executive vice president now owns 283,908 shares of the company’s stock, valued at $10,481,883.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey Shannon Slocum sold 38,941 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 130,783 shares in the company, valued at approximately $4,828,508.36. The disclosure for this sale can be found here. Insiders have sold 52,287 shares of company stock valued at $1,930,704 over the last ninety days. Insiders own 0.61% of the company’s stock.

Halliburton Profile

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.