Moors & Cabot Inc. Has $2.47 Million Stake in Halliburton (NYSE:HAL)

Moors & Cabot Inc. cut its position in shares of Halliburton (NYSE:HAL) by 3.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,045 shares of the oilfield services company’s stock after selling 2,974 shares during the quarter. Moors & Cabot Inc.’s holdings in Halliburton were worth $2,467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. raised its holdings in shares of Halliburton by 19.1% in 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 last quarter. EverSource Wealth Advisors LLC lifted its position in Halliburton by 319.0% during the 1st 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 in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Halliburton in the 1st quarter valued at about $1,908,000. GAMMA Investing LLC increased its position in shares of Halliburton by 10.9% in 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 during the last quarter. Finally, Stephens Inc. AR raised its holdings in Halliburton by 622.1% during the fourth quarter. Stephens Inc. AR now owns 66,741 shares of the oilfield services company’s stock worth $2,413,000 after acquiring an additional 57,499 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

HAL has been the topic of several recent analyst reports. Johnson Rice raised Halliburton to a “moderate buy” rating in a research report on Friday, July 19th. Susquehanna dropped their price target on shares of Halliburton from $49.00 to $46.00 and set a “positive” rating on the stock in a research report on Monday, July 22nd. Bank of America decreased their price objective on shares of Halliburton from $41.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Evercore ISI dropped their target price on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. reduced their price target on Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Three 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 currently has an average rating of “Moderate Buy” and a consensus price target of $43.88.

Halliburton Stock Up 3.1 %

HAL stock opened at $29.30 on Wednesday. The business’s fifty day moving average price is $31.73 and its two-hundred day moving average price is $34.96. The stock has a market capitalization of $25.94 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 0.95 and a beta of 1.89. Halliburton has a fifty-two week low of $27.52 and a fifty-two week high of $43.85. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54.

Halliburton (NYSE:HAL) last issued 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. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The business had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.95 billion. During the same quarter in the previous year, the company earned $0.77 EPS. The business’s revenue was up .6% on a year-over-year basis. On average, equities analysts anticipate 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 will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Wednesday, September 4th. Halliburton’s dividend payout ratio is currently 23.53%.

Insiders Place Their Bets

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 sale, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at approximately $10,066,119. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.61% of the company’s stock.

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.