Halliburton (NYSE:HAL) Shares Sold by First Horizon Advisors Inc.

by · The Cerbat Gem

First Horizon Advisors Inc. decreased its position in Halliburton (NYSE:HAL – Free Report) by 20.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 14,026 shares of the oilfield services company’s stock after selling 3,662 shares during the period. First Horizon Advisors Inc.’s holdings in Halliburton were worth $568,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HAL. First Capital Advisors Group LLC. acquired a new stake in shares of Halliburton during the second quarter valued at $26,000. Quarry LP acquired a new stake in shares of Halliburton during the first quarter valued at $34,000. Beacon Capital Management LLC boosted its stake in shares of Halliburton by 1,675.0% during the second quarter. Beacon Capital Management LLC now owns 1,065 shares of the oilfield services company’s stock valued at $35,000 after acquiring an additional 1,005 shares during the last quarter. KB Financial Partners LLC acquired a new stake in shares of Halliburton during the first quarter valued at $35,000. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Halliburton during the second quarter valued at $37,000. Institutional investors and hedge funds own 82.09% of the company’s stock.

Insider Activity

In other news, EVP Van H. Beckwith sold 5,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $42.94, for a total transaction of $214,700.00. Following the completion of the sale, the executive vice president now directly owns 176,334 shares of the company’s stock, valued at $7,571,781.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HAL. Susquehanna increased their price objective on Halliburton from $48.00 to $51.00 and gave the company a “positive” rating in a research note on Wednesday, October 25th. Raymond James increased their target price on Halliburton from $47.00 to $49.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, October 17th. Jefferies Financial Group increased their target price on Halliburton from $49.00 to $51.00 in a research report on Monday, October 2nd. StockNews.com downgraded Halliburton from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Wells Fargo & Company cut their price objective on Halliburton from $53.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and an average price target of $48.88.

Get Our Latest Stock Report on Halliburton

Halliburton Price Performance

Shares of HAL opened at $34.48 on Friday. The company has a market cap of $30.86 billion, a P/E ratio of 11.85, a PEG ratio of 0.46 and a beta of 2.02. The stock has a fifty day moving average price of $36.65 and a 200 day moving average price of $38.35. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.14 and a quick ratio of 1.53. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85.

Halliburton (NYSE:HAL – Get Free Report) last announced its quarterly earnings results on Tuesday, October 24th. The oilfield services company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. Halliburton had a return on equity of 31.61% and a net margin of 11.52%. The company had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. On average, research analysts forecast that Halliburton will post 3.07 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Thursday, December 7th were issued a $0.16 dividend. The ex-dividend date was Wednesday, December 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.86%. Halliburton’s dividend payout ratio (DPR) is 21.99%.

About Halliburton

(Free Report)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

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