River Wealth Advisors LLC lessened its stake in shares of Halliburton Company (NYSE:HAL) by 7.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,119 shares of the oilfield services company’s stock after selling 2,578 shares during the period. River Wealth Advisors LLC’s holdings in Halliburton were worth $1,478,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HAL. BlackRock Inc. increased its holdings in Halliburton by 2,760.4% during the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock worth $2,550,805,000 after buying an additional 50,022,982 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Halliburton by 107.8% during the second quarter. Ameriprise Financial Inc. now owns 15,623,103 shares of the oilfield services company’s stock worth $667,362,000 after buying an additional 8,105,286 shares during the last quarter. Franklin Resources Inc. increased its holdings in Halliburton by 35.1% during the second quarter. Franklin Resources Inc. now owns 14,813,901 shares of the oilfield services company’s stock worth $632,678,000 after buying an additional 3,844,946 shares during the last quarter. Balyasny Asset Management LLC increased its holdings in Halliburton by 7,314.7% during the second quarter. Balyasny Asset Management LLC now owns 3,750,668 shares of the oilfield services company’s stock worth $160,191,000 after buying an additional 3,700,084 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Halliburton by 3,294.9% during the second quarter. Janus Henderson Group PLC now owns 3,784,359 shares of the oilfield services company’s stock worth $161,631,000 after buying an additional 3,672,887 shares during the last quarter. Institutional investors and hedge funds own 79.94% of the company’s stock.

In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the transaction, the chairman now directly owns 490,143 shares in the company, valued at $21,419,249.10. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.

Halliburton Company (NYSE:HAL) traded down $0.80 during trading hours on Tuesday, reaching $43.42. 2,431,686 shares of the company were exchanged, compared to its average volume of 8,790,697. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13. The company has a market cap of $38,897.88, a price-to-earnings ratio of 61.07, a P/E/G ratio of 4.82 and a beta of 1.05.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same period in the prior year, the business posted $0.01 EPS. The firm’s revenue was up 42.0% compared to the same quarter last year. research analysts predict that Halliburton Company will post 1.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.66%. Halliburton’s dividend payout ratio is currently 300.01%.

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A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $60.00 target price on shares of Halliburton in a research note on Thursday, July 20th. Seaport Global Securities upgraded shares of Halliburton from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $43.00 to $50.00 in a research note on Thursday, July 20th. Citigroup Inc. lifted their target price on shares of Halliburton from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, B. Riley reiterated a “buy” rating on shares of Halliburton in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $57.55.

Halliburton Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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