Crewe Advisors LLC Purchases New Position in Halliburton (NYSE:HAL)

Crewe Advisors LLC purchased a new position in shares of Halliburton (NYSE:HAL) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,163 shares of the oilfield services company’s stock, valued at approximately $46,000.

Several other institutional investors also recently bought and sold shares of the business. CVA Family Office LLC acquired a new stake in Halliburton in the 4th quarter valued at $58,000. Pacer Advisors Inc. grew its position in shares of Halliburton by 3.5% in the fourth quarter. Pacer Advisors Inc. now owns 59,266 shares of the oilfield services company’s stock valued at $2,142,000 after purchasing an additional 2,010 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in shares of Halliburton during the fourth quarter worth about $378,000. Procyon Advisors LLC purchased a new stake in shares of Halliburton during the fourth quarter worth about $206,000. Finally, Great Lakes Retirement Inc. raised its position in shares of Halliburton by 5.7% during the 4th quarter. Great Lakes Retirement Inc. now owns 18,870 shares of the oilfield services company’s stock worth $682,000 after purchasing an additional 1,010 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on HAL. Bank of America lowered their price objective on Halliburton from $41.00 to $40.00 and set a “buy” rating on the stock in a report on Monday. UBS Group lifted their price target on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Piper Sandler reduced their target price on shares of Halliburton from $46.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday. Morgan Stanley cut their price objective on shares of Halliburton from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Susquehanna decreased their target price on shares of Halliburton from $49.00 to $46.00 and set a “positive” rating on the stock in a report on Monday. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.53.

Insider Activity at Halliburton

In other Halliburton news, SVP Jill D. Sharp sold 3,346 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the transaction, the senior vice president now directly owns 40,185 shares in the company, valued at $1,486,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Halliburton news, SVP Jill D. Sharp sold 3,346 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total transaction of $123,802.00. Following the sale, the senior vice president now directly owns 40,185 shares in the company, valued at $1,486,845. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Van H. Beckwith sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $369,200.00. Following the completion of the transaction, the executive vice president now owns 283,908 shares of the company’s stock, valued at approximately $10,481,883.36. The disclosure for this sale can be found here. Insiders sold 62,287 shares of company stock worth $2,298,204 over the last 90 days. Company insiders own 0.61% of the company’s stock.

Halliburton Stock Down 0.6 %

HAL traded down $0.22 on Friday, hitting $33.94. 1,695,920 shares of the company were exchanged, compared to its average volume of 7,507,140. The firm has a 50-day moving average price of $34.53 and a two-hundred day moving average price of $36.05. 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 has a twelve month low of $32.60 and a twelve month high of $43.85. The company has a market cap of $30.05 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 1.11 and a beta of 1.93.

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, meeting analysts’ consensus estimates of $0.80. The business had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $0.77 EPS. On average, equities analysts predict that Halliburton will post 3.2 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were issued a $0.17 dividend. The ex-dividend date was Wednesday, June 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.00%. Halliburton’s dividend payout ratio is presently 23.53%.

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.