Consolidated Planning Corp Acquires 270 Shares of Halliburton (NYSE:HAL)

Consolidated Planning Corp grew its position in Halliburton (NYSE:HALGet Rating) by 0.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 51,755 shares of the oilfield services company’s stock after acquiring an additional 270 shares during the period. Consolidated Planning Corp’s holdings in Halliburton were worth $1,274,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Kentucky Retirement Systems increased its holdings in Halliburton by 16.9% in the second quarter. Kentucky Retirement Systems now owns 66,944 shares of the oilfield services company’s stock valued at $2,099,000 after purchasing an additional 9,669 shares during the period. Avantax Advisory Services Inc. grew its stake in shares of Halliburton by 30.8% in the 2nd quarter. Avantax Advisory Services Inc. now owns 9,552 shares of the oilfield services company’s stock valued at $300,000 after buying an additional 2,249 shares during the period. D.A. Davidson & CO. lifted its position in Halliburton by 161.5% in the 2nd quarter. D.A. Davidson & CO. now owns 44,939 shares of the oilfield services company’s stock valued at $1,409,000 after acquiring an additional 27,753 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Halliburton by 0.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 54,759 shares of the oilfield services company’s stock valued at $1,717,000 after acquiring an additional 361 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Halliburton by 67.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 5,988,632 shares of the oilfield services company’s stock worth $187,804,000 after buying an additional 2,408,261 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Halliburton

In related news, Director Margaret Katherine Banks sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $35.49, for a total transaction of $212,940.00. Following the completion of the sale, the director now owns 14,625 shares of the company’s stock, valued at $519,041.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Margaret Katherine Banks sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $35.49, for a total transaction of $212,940.00. Following the completion of the sale, the director now owns 14,625 shares of the company’s stock, valued at $519,041.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric Carre sold 12,325 shares of the firm’s stock in a transaction that occurred on Friday, January 6th. The shares were sold at an average price of $39.91, for a total transaction of $491,890.75. Following the sale, the chief financial officer now directly owns 128,178 shares of the company’s stock, valued at approximately $5,115,583.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,153 shares of company stock valued at $2,305,715. Corporate insiders own 0.57% of the company’s stock.

Halliburton Price Performance

Shares of NYSE HAL opened at $39.72 on Wednesday. Halliburton has a fifty-two week low of $23.30 and a fifty-two week high of $43.99. The company has a 50 day simple moving average of $38.23 and a two-hundred day simple moving average of $33.14. The company has a market capitalization of $36.07 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 0.31 and a beta of 2.15. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.10.

Halliburton (NYSE:HALGet Rating) last announced its earnings results on Tuesday, January 24th. The oilfield services company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Halliburton had a net margin of 9.16% and a return on equity of 22.69%. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. Analysts expect that Halliburton will post 2.11 EPS for the current fiscal year.

Halliburton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 1st will be paid a dividend of $0.16 per share. This is an increase from Halliburton’s previous quarterly dividend of $0.12. The ex-dividend date is Tuesday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.61%. Halliburton’s dividend payout ratio (DPR) is currently 24.87%.

Wall Street Analyst Weigh In

HAL has been the subject of several research analyst reports. Piper Sandler raised their price target on shares of Halliburton from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, November 18th. Royal Bank of Canada lifted their price objective on shares of Halliburton from $45.00 to $48.00 in a research note on Wednesday. Raymond James started coverage on shares of Halliburton in a research report on Friday, December 9th. They set a “strong-buy” rating and a $53.00 price target for the company. Jefferies Financial Group started coverage on shares of Halliburton in a research report on Wednesday, October 19th. They issued a “buy” rating and a $40.00 target price for the company. Finally, HSBC upped their target price on shares of Halliburton to $43.90 in a research report on Thursday, October 27th. Three equities research 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. According to data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and an average price target of $45.28.

Halliburton Profile

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Halliburton Co engages in the provision of services and products to the energy industry related to the exploration, development and production of oil and natural gas. It operates through the following segments: Completion and Production and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion services.

Further Reading

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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