Halliburton (NYSE:HAL) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lowered its stake in shares of Halliburton (NYSE:HAL) by 21.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,909 shares of the oilfield services company’s stock after selling 6,344 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Halliburton were worth $942,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Hennessy Advisors Inc. lifted its position in Halliburton by 484.1% in the first quarter. Hennessy Advisors Inc. now owns 97,250 shares of the oilfield services company’s stock valued at $3,834,000 after acquiring an additional 80,600 shares during the last quarter. 180 Wealth Advisors LLC purchased a new stake in shares of Halliburton in the 1st quarter valued at about $211,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Halliburton by 15.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 69,658 shares of the oilfield services company’s stock valued at $2,746,000 after purchasing an additional 9,181 shares during the period. Central Valley Advisors LLC grew its stake in Halliburton by 7.7% during the 1st quarter. Central Valley Advisors LLC now owns 43,177 shares of the oilfield services company’s stock worth $1,702,000 after buying an additional 3,088 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new position in Halliburton during the first quarter worth approximately $1,810,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Price Performance

Shares of NYSE HAL opened at $33.73 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. Halliburton has a one year low of $32.27 and a one year high of $43.85. The firm has a market capitalization of $29.86 billion, a P/E ratio of 11.67, a PEG ratio of 0.85 and a beta of 1.93. The company’s fifty day moving average is $35.89 and its two-hundred day moving average is $36.33.

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

Halliburton Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HAL shares. Jefferies Financial Group increased their price objective on Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. The Goldman Sachs Group lifted their price objective on shares of Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. Citigroup reduced their target price on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday. Morgan Stanley boosted 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, Benchmark reaffirmed a “buy” rating and set a $45.00 price objective on shares of Halliburton in a research note on Wednesday, April 24th. One equities research 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. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $48.75.

Insiders Place Their Bets

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

Halliburton Company 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.