Central Pacific Bank Trust Division Purchases 900 Shares of Halliburton (NYSE:HAL)

Central Pacific Bank Trust Division raised its position in shares of Halliburton (NYSE:HAL) by 31.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,800 shares of the oilfield services company’s stock after acquiring an additional 900 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Halliburton were worth $110,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HAL. First Horizon Advisors Inc. boosted its position in shares of Halliburton by 2.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after purchasing an additional 295 shares in the last quarter. Massachusetts Wealth Management boosted its holdings in shares of Halliburton by 1.7% during the 1st quarter. Massachusetts Wealth Management now owns 18,325 shares of the oilfield services company’s stock worth $722,000 after buying an additional 300 shares in the last quarter. Beacon Capital Management LLC grew 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 worth $54,000 after buying an additional 309 shares during the period. Guinness Atkinson Asset Management Inc increased its stake in shares of Halliburton by 3.1% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock valued at $366,000 after acquiring an additional 330 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its position in shares of Halliburton by 2.9% during the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock valued at $400,000 after acquiring an additional 336 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HAL has been the subject of a number of research reports. Morgan Stanley reduced their price target on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Bank of America decreased their target price on Halliburton from $41.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Johnson Rice upgraded Halliburton to a “moderate buy” rating in a report on Friday, July 19th. Royal Bank of Canada downgraded Halliburton from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $44.00 to $37.00 in a report on Friday, September 13th. Finally, StockNews.com downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.56.

Insider Buying and Selling

In other 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 completion of the transaction, the executive vice president now owns 273,908 shares in the company, valued at approximately $10,066,119. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by insiders.

Halliburton Stock Performance

Shares of HAL opened at $31.09 on Friday. The stock has a 50 day moving average of $30.46 and a 200 day moving average of $34.35. The company has a market capitalization of $27.52 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 1.02 and a beta of 1.89. Halliburton has a 12 month low of $27.52 and a 12 month high of $43.85. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76.

Halliburton (NYSE:HAL) last announced its earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The firm 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 business’s revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted $0.77 EPS. As a group, sell-side analysts forecast that Halliburton will post 3.14 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.19%. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

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.