15,913 Shares in Halliburton Company $HAL Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC acquired a new position in shares of Halliburton Company (NYSE:HAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,913 shares of the oilfield services company’s stock, valued at approximately $450,000.

Other large investors have also made changes to their positions in the company. Nvest Wealth Strategies Inc. acquired a new position in shares of Halliburton during the 4th quarter worth about $25,000. Kelleher Financial Advisors acquired a new position in Halliburton in the 3rd quarter valued at approximately $25,000. Cullen Frost Bankers Inc. acquired a new position in Halliburton in the 3rd quarter valued at approximately $25,000. GoalVest Advisory LLC acquired a new position in Halliburton in the 4th quarter valued at approximately $35,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Halliburton in the 2nd quarter valued at approximately $25,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In related news, insider Michael Casey Maxwell sold 20,348 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $41.89, for a total transaction of $852,377.72. Following the sale, the insider owned 93,763 shares of the company’s stock, valued at approximately $3,927,732.07. This trade represents a 17.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jeffrey Allen Miller sold 158,455 shares of the firm’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of $40.00, for a total value of $6,338,200.00. Following the sale, the chief executive officer directly owned 1,013,027 shares in the company, valued at $40,521,080. The trade was a 13.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 222,488 shares of company stock worth $8,789,305 in the last three months. 0.57% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on HAL. Piper Sandler upped their price target on Halliburton from $34.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. The Goldman Sachs Group increased their target price on Halliburton from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. TD Cowen increased their target price on Halliburton from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Wall Street Zen cut Halliburton from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 3rd. Finally, Zephirin Group increased their target price on Halliburton from $30.00 to $31.00 and gave the stock a “sell” rating in a report on Wednesday, April 22nd. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.45.

Halliburton Stock Up 1.0%

NYSE:HAL opened at $41.71 on Friday. Halliburton Company has a 12-month low of $19.38 and a 12-month high of $42.46. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $34.85 billion, a P/E ratio of 22.92, a P/E/G ratio of 1.83 and a beta of 0.73. The stock’s fifty day simple moving average is $38.24 and its 200-day simple moving average is $33.12.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. Equities research analysts expect that Halliburton Company will post 2.32 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, March 4th. Halliburton’s dividend payout ratio (DPR) is presently 37.36%.

Halliburton Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.