Susquehanna Fundamental Investments LLC Sells 27,862 Shares of Halliburton (NYSE:HAL)

Susquehanna Fundamental Investments LLC decreased its position in shares of Halliburton (NYSE:HAL) by 35.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,327 shares of the oilfield services company’s stock after selling 27,862 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Halliburton were worth $1,700,000 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 bought a new position in Halliburton during the first quarter worth $26,000. Bruce G. Allen Investments LLC raised its position in shares of Halliburton by 274.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after acquiring an additional 822 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Halliburton in the 1st quarter valued at about $46,000. Beacon Capital Management LLC boosted its position in shares of Halliburton by 28.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after purchasing an additional 309 shares in the last quarter. Finally, General Partner Inc. acquired a new stake in Halliburton during the first quarter worth approximately $55,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Buying and Selling

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total transaction of $367,500.00. Following the sale, the executive vice president now owns 273,908 shares in the company, valued at $10,066,119. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by insiders.

Halliburton Price Performance

Shares of NYSE HAL opened at $29.92 on Wednesday. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $30.66 and a two-hundred day simple moving average of $34.46. Halliburton has a 1-year low of $27.52 and a 1-year high of $43.85. The firm has a market cap of $26.49 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. Analysts anticipate that Halliburton will post 3.14 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s payout ratio is currently 23.53%.

Analyst Ratings Changes

HAL has been the topic of several recent analyst reports. Piper Sandler dropped their price target on Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Benchmark reissued a “buy” rating and set a $42.00 target price on shares of Halliburton in a research report on Monday, July 22nd. Jefferies Financial Group dropped their target price on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Bank of America decreased their price target on Halliburton from $41.00 to $40.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, Morgan Stanley lowered their price target on Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.56.

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.