Halliburton Company $HAL Shares Acquired by Creative Planning

Creative Planning increased its position in Halliburton Company (NYSE:HAL) by 24.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 212,532 shares of the oilfield services company’s stock after buying an additional 42,178 shares during the period. Creative Planning’s holdings in Halliburton were worth $4,331,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Halliburton during the second quarter worth about $287,000. V Square Quantitative Management LLC boosted its holdings in Halliburton by 82.1% in the second quarter. V Square Quantitative Management LLC now owns 48,900 shares of the oilfield services company’s stock valued at $997,000 after purchasing an additional 22,045 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Halliburton by 42.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,099 shares of the oilfield services company’s stock valued at $7,816,000 after purchasing an additional 91,791 shares in the last quarter. Perpetual Ltd increased its holdings in Halliburton by 29.7% during the 2nd quarter. Perpetual Ltd now owns 1,081,928 shares of the oilfield services company’s stock worth $22,050,000 after purchasing an additional 248,015 shares during the last quarter. Finally, Jump Financial LLC increased its holdings in Halliburton by 2,895.2% during the 1st quarter. Jump Financial LLC now owns 756,150 shares of the oilfield services company’s stock worth $19,184,000 after purchasing an additional 730,905 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HAL shares. Piper Sandler increased their target price on Halliburton from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group increased their price objective on shares of Halliburton from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Melius Research started coverage on shares of Halliburton in a report on Wednesday, August 20th. They set a “buy” rating and a $41.00 price objective for the company. Barclays boosted their target price on shares of Halliburton from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Finally, Hsbc Global Res raised shares of Halliburton from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.55.

Insider Transactions at Halliburton

In other news, insider Mark Richard sold 160,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the completion of the transaction, the insider owned 452,374 shares of the company’s stock, valued at approximately $12,562,425.98. The trade was a 26.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.56% of the company’s stock.

Halliburton Stock Performance

Shares of HAL stock opened at $25.80 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average of $25.05 and a two-hundred day moving average of $22.67. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $32.57. The company has a market cap of $21.71 billion, a P/E ratio of 17.09 and a beta of 1.03.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $5.60 billion for 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 business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. As a group, analysts anticipate that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, December 3rd. Halliburton’s dividend payout ratio (DPR) is presently 45.03%.

About Halliburton

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.