Kingswood Wealth Advisors LLC Sells 4,417 Shares of Halliburton (NYSE:HAL)

Kingswood Wealth Advisors LLC cut its holdings in shares of Halliburton (NYSE:HAL) by 42.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,031 shares of the oilfield services company’s stock after selling 4,417 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Halliburton were worth $238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC acquired a new stake in Halliburton in the first quarter valued at approximately $26,000. Johnson Financial Group Inc. acquired a new stake in Halliburton in the fourth quarter valued at approximately $33,000. Ancora Advisors LLC boosted its stake in Halliburton by 443.8% in the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock valued at $36,000 after acquiring an additional 719 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in Halliburton in the fourth quarter valued at approximately $36,000. Finally, First United Bank & Trust acquired a new stake in Halliburton in the fourth quarter valued at approximately $36,000. 85.23% of the stock is currently owned by institutional investors.

Halliburton Stock Up 0.5 %

HAL opened at $33.78 on Friday. Halliburton has a fifty-two week low of $32.27 and a fifty-two week high of $43.85. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. The company has a fifty day moving average of $35.89 and a two-hundred day moving average of $36.34. The stock has a market capitalization of $29.91 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 0.85 and a beta of 1.93.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, beating 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 company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts expect that Halliburton will post 3.39 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were given a $0.17 dividend. The ex-dividend date was Wednesday, June 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.01%. Halliburton’s dividend payout ratio (DPR) is 23.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup lowered their price objective on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Friday. UBS Group lifted their price objective on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. StockNews.com upgraded shares of Halliburton from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Benchmark reiterated a “buy” rating and set a $45.00 price objective on shares of Halliburton in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company lowered their price objective on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $48.75.

Insider Buying and Selling

In related news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $369,200.00. Following the transaction, the executive vice president now directly owns 283,908 shares in the company, valued at $10,481,883.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $369,200.00. Following the transaction, the executive vice president now directly owns 283,908 shares in the company, valued at $10,481,883.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jill D. Sharp sold 3,346 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total transaction of $123,802.00. Following the transaction, the senior vice president now owns 40,185 shares in the company, valued at $1,486,845. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,287 shares of company stock worth $1,930,704. 0.61% of the stock is owned by insiders.

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.