Halliburton (NYSE:HAL) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC decreased its stake in shares of Halliburton (NYSE:HAL) by 12.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,066 shares of the oilfield services company’s stock after selling 19,487 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Halliburton were worth $4,596,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. lifted its position in Halliburton by 19.1% during the fourth quarter. Franklin Resources Inc. now owns 1,179,579 shares of the oilfield services company’s stock valued at $42,642,000 after purchasing an additional 189,324 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Halliburton by 319.0% in the first quarter. EverSource Wealth Advisors LLC now owns 36,956 shares of the oilfield services company’s stock worth $1,385,000 after buying an additional 28,137 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in Halliburton during the first quarter worth about $1,908,000. GAMMA Investing LLC raised its position in Halliburton by 10.9% during the first quarter. GAMMA Investing LLC now owns 8,350 shares of the oilfield services company’s stock valued at $329,000 after acquiring an additional 819 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in Halliburton by 622.1% in the fourth quarter. Stephens Inc. AR now owns 66,741 shares of the oilfield services company’s stock valued at $2,413,000 after acquiring an additional 57,499 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In other news, EVP Van H. Beckwith sold 10,000 shares of Halliburton 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 transaction, the executive vice president now owns 273,908 shares in the company, valued at approximately $10,066,119. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HAL has been the subject of several recent research reports. Piper Sandler cut their target price on shares of Halliburton from $46.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Barclays cut their price objective on shares of Halliburton from $54.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday, July 23rd. TD Cowen lowered their target price on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Benchmark restated a “buy” rating and issued a $42.00 price target on shares of Halliburton in a research note on Monday, July 22nd. Finally, Dbs Bank began coverage on Halliburton in a report on Wednesday. They issued a “buy” rating and a $45.00 price target for the company. Three equities research 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.17.

Halliburton Price Performance

Shares of NYSE HAL opened at $29.47 on Friday. The stock has a market capitalization of $26.09 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 0.95 and a beta of 1.89. Halliburton has a 52 week low of $27.52 and a 52 week high of $43.85. The firm has a 50-day simple moving average of $31.48 and a 200-day simple moving average of $34.84. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76.

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

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is currently 23.53%.

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.