VeraBank N.A. Sells 2,536 Shares of Halliburton Company $HAL

VeraBank N.A. lessened its stake in Halliburton Company (NYSE:HAL) by 11.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,695 shares of the oilfield services company’s stock after selling 2,536 shares during the quarter. VeraBank N.A.’s holdings in Halliburton were worth $381,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC bought a new stake in shares of Halliburton in the first quarter valued at $30,000. Zions Bancorporation National Association UT bought a new position in shares of Halliburton during the 1st quarter worth $37,000. CVA Family Office LLC increased its holdings in Halliburton by 94.8% in the 2nd quarter. CVA Family Office LLC now owns 1,882 shares of the oilfield services company’s stock worth $38,000 after acquiring an additional 916 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its stake in Halliburton by 109.5% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock valued at $39,000 after acquiring an additional 993 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in Halliburton by 252.3% during the second quarter. Hantz Financial Services Inc. now owns 1,994 shares of the oilfield services company’s stock valued at $41,000 after purchasing an additional 1,428 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Halliburton Trading Up 1.3%

Halliburton stock opened at $28.07 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 1.95. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57. The stock has a market cap of $23.62 billion, a P/E ratio of 18.59 and a beta of 1.03. The firm’s fifty day moving average price is $24.33 and its 200-day moving average price is $22.34.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.50 by $0.08. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The firm’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 earnings per share. Equities research analysts forecast that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HAL. Piper Sandler lifted their target price on shares of Halliburton from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada upgraded shares of Halliburton from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company dropped their target price on Halliburton from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Citigroup reiterated a “buy” rating on shares of Halliburton in a research report on Tuesday, October 14th. Finally, HSBC set a $30.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.48.

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.