Exane Derivatives Sells 5,237 Shares of Halliburton (NYSE:HAL)

Exane Derivatives lessened its position in shares of Halliburton (NYSE:HAL) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 162,900 shares of the oilfield services company’s stock after selling 5,237 shares during the period. Exane Derivatives’ holdings in Halliburton were worth $3,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Asset Planning Services Ltd. increased its holdings in Halliburton by 903.2% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,254 shares of the oilfield services company’s stock worth $29,000 after acquiring an additional 1,129 shares during the period. Meridian Wealth Management LLC bought a new stake in Halliburton during the 2nd quarter worth approximately $32,000. Prestige Wealth Management Group LLC bought a new stake in Halliburton during the 2nd quarter worth approximately $34,000. Mizuho Securities Co. Ltd. bought a new stake in Halliburton during the 2nd quarter worth approximately $45,000. Finally, Dougherty Wealth Advisers LLC bought a new stake in Halliburton during the 2nd quarter worth approximately $45,000. 77.59% of the stock is currently owned by institutional investors and hedge funds.

In other Halliburton news, Director William E. Albrecht acquired 8,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of $19.35 per share, with a total value of $154,800.00. Following the purchase, the director now owns 16,000 shares of the company’s stock, valued at $309,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

A number of research firms recently weighed in on HAL. Barclays lowered shares of Halliburton from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $31.00 to $23.00 in a report on Monday, September 16th. Bank of America cut their price target on shares of Halliburton from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Zacks Investment Research raised shares of Halliburton from a “sell” rating to a “hold” rating and set a $20.00 price target for the company in a research note on Wednesday, July 24th. Credit Suisse Group cut their price target on shares of Halliburton from $33.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, July 23rd. Finally, Stephens cut their price target on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $35.67.

Shares of Halliburton stock traded down $0.07 during trading on Tuesday, reaching $18.70. The company’s stock had a trading volume of 8,950,784 shares, compared to its average volume of 13,531,432. Halliburton has a 52-week low of $16.97 and a 52-week high of $40.45. The company has a market cap of $16.30 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 2.33 and a beta of 1.37. The firm’s 50-day moving average is $19.20 and its two-hundred day moving average is $23.06. The company has a quick ratio of 1.59, a current ratio of 2.26 and a debt-to-equity ratio of 1.16.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, July 22nd. The oilfield services company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. Halliburton had a net margin of 5.58% and a return on equity of 13.76%. The company had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.97 billion. During the same quarter in the prior year, the company earned $0.58 EPS. The firm’s revenue was down 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Halliburton will post 1.28 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.85%. Halliburton’s dividend payout ratio (DPR) is 37.89%.

Halliburton Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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