B. Riley Wealth Advisors Inc. Sells 6,114 Shares of Halliburton (NYSE:HAL)

B. Riley Wealth Advisors Inc. decreased its holdings in shares of Halliburton (NYSE:HAL) by 25.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,857 shares of the oilfield services company’s stock after selling 6,114 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Halliburton were worth $603,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HAL. Rise Advisors LLC bought a new stake in Halliburton during the 1st quarter valued at approximately $26,000. Bruce G. Allen Investments LLC boosted its stake in Halliburton by 274.9% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock valued at $38,000 after purchasing an additional 822 shares during the period. Crewe Advisors LLC bought a new stake in shares of Halliburton in the 1st quarter worth approximately $46,000. Beacon Capital Management LLC lifted its position in shares of Halliburton by 28.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock worth $54,000 after acquiring an additional 309 shares during the period. Finally, General Partner Inc. bought a new stake in shares of Halliburton in the 1st quarter worth approximately $55,000. Institutional investors own 85.23% of the company’s stock.

Insider Transactions at Halliburton

In other news, EVP Van H. Beckwith sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total value of $367,500.00. Following the transaction, the executive vice president now directly owns 273,908 shares in the company, valued at $10,066,119. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by corporate insiders.

Halliburton Stock Up 1.2 %

NYSE HAL opened at $31.09 on Friday. The stock has a fifty day moving average of $30.46 and a 200-day moving average of $34.33. The stock has a market capitalization of $27.52 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.88. Halliburton has a 52 week low of $27.52 and a 52 week high of $43.85. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13.

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

Halliburton Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have commented on HAL shares. Piper Sandler reduced their price objective on Halliburton from $46.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Morgan Stanley reduced their price objective on Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Bank of America reduced their price objective on Halliburton from $41.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. UBS Group reduced their price objective on Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Finally, Susquehanna cut their target price on Halliburton from $49.00 to $46.00 and set a “positive” rating for the company in a research report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.