Halliburton (NYSE:HAL) Shares Sold by GDS Wealth Management

GDS Wealth Management trimmed its stake in Halliburton (NYSE:HAL) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,955 shares of the oilfield services company’s stock after selling 5,431 shares during the quarter. GDS Wealth Management’s holdings in Halliburton were worth $2,935,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Valley National Advisers Inc. raised its holdings in shares of Halliburton by 2.1% in the fourth quarter. Valley National Advisers Inc. now owns 64,304 shares of the oilfield services company’s stock worth $1,747,000 after acquiring an additional 1,345 shares during the last quarter. WFA Asset Management Corp acquired a new position in shares of Halliburton in the fourth quarter worth $143,000. Comprehensive Financial Consultants Institutional Inc. raised its holdings in shares of Halliburton by 6.1% in the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 61,644 shares of the oilfield services company’s stock worth $1,676,000 after acquiring an additional 3,559 shares during the last quarter. Caprock Group LLC lifted its position in Halliburton by 3.6% during the fourth quarter. Caprock Group LLC now owns 70,229 shares of the oilfield services company’s stock worth $1,910,000 after buying an additional 2,464 shares during the period. Finally, New Wave Wealth Advisors LLC purchased a new position in Halliburton during the fourth quarter worth about $375,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HAL has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Stifel Nicolaus reduced their target price on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Griffin Securities downgraded Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Barclays reduced their target price on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Finally, Piper Sandler began coverage on Halliburton in a report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Price Performance

Shares of NYSE HAL opened at $25.52 on Tuesday. Halliburton has a fifty-two week low of $25.27 and a fifty-two week high of $41.56. The business has a 50 day moving average price of $28.35 and a two-hundred day moving average price of $29.65. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The firm has a market cap of $22.42 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 3.60 and a beta of 1.91.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same quarter last year, the business earned $0.79 EPS. Halliburton’s revenue for the quarter was down 1.8% compared to the same quarter last year. Sell-side analysts expect that Halliburton will post 2.67 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were given a $0.17 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.66%. Halliburton’s payout ratio is 24.03%.

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.