Halliburton Company $HAL Shares Sold by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL decreased its position in Halliburton Company (NYSE:HAL) by 30.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,610 shares of the oilfield services company’s stock after selling 21,753 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Halliburton were worth $1,011,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in Halliburton by 450.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company’s stock valued at $759,623,000 after acquiring an additional 24,506,472 shares in the last quarter. Invesco Ltd. grew its position in Halliburton by 7.3% in the first quarter. Invesco Ltd. now owns 10,813,905 shares of the oilfield services company’s stock valued at $274,349,000 after acquiring an additional 731,105 shares in the last quarter. LSV Asset Management grew its position in shares of Halliburton by 3.3% during the first quarter. LSV Asset Management now owns 6,113,044 shares of the oilfield services company’s stock worth $155,088,000 after buying an additional 193,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Halliburton by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,279,815 shares of the oilfield services company’s stock worth $133,949,000 after buying an additional 282,492 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Halliburton by 217.4% during the first quarter. AQR Capital Management LLC now owns 4,641,111 shares of the oilfield services company’s stock worth $116,770,000 after buying an additional 3,178,746 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Performance

Shares of HAL opened at $22.25 on Monday. The business’s fifty day moving average price is $22.63 and its 200 day moving average price is $21.65. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $32.57. The stock has a market capitalization of $18.97 billion, a PE ratio of 10.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The firm had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.43 billion. During the same period last year, the business posted $0.80 earnings per share. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. Equities research analysts forecast that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $0.68 annualized dividend and a yield of 3.1%. Halliburton’s dividend payout ratio (DPR) is 31.78%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HAL. Piper Sandler downgraded shares of Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 price target for the company. in a research report on Monday, July 28th. Barclays decreased their price target on shares of Halliburton from $22.00 to $20.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th. UBS Group raised their price target on shares of Halliburton from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. The Goldman Sachs Group raised their price target on shares of Halliburton from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Finally, Zephirin Group raised their price target on shares of Halliburton from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Fourteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.26.

Halliburton 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.