Halliburton (NYSE:HAL) Stake Reduced by Saxon Interests Inc.

Saxon Interests Inc. trimmed its holdings in Halliburton (NYSE:HAL) by 1.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,928 shares of the oilfield services company’s stock after selling 300 shares during the quarter. Saxon Interests Inc.’s holdings in Halliburton were worth $983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in HAL. Rise Advisors LLC bought a new stake in Halliburton during the first quarter worth approximately $26,000. Johnson Financial Group Inc. acquired a new stake in shares of Halliburton during the fourth quarter worth $33,000. Ancora Advisors LLC raised its position in shares of Halliburton by 443.8% during the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 719 shares during the period. Princeton Global Asset Management LLC acquired a new position in shares of Halliburton in the 4th quarter valued at $36,000. Finally, First United Bank & Trust acquired a new position in shares of Halliburton in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

HAL has been the subject of several recent analyst reports. UBS Group raised their target price on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Susquehanna reiterated a “positive” rating and set a $49.00 price objective on shares of Halliburton in a research report on Monday, April 8th. StockNews.com upgraded Halliburton from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Jefferies Financial Group lifted their price target on Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, The Goldman Sachs Group increased their price objective on Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $48.75.

Insider Activity at Halliburton

In other news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $369,200.00. Following the completion of the sale, the executive vice president now directly owns 283,908 shares in the company, valued at $10,481,883.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Halliburton news, insider Jeffrey Shannon Slocum sold 38,941 shares of Halliburton stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $1,437,701.72. Following the transaction, the insider now directly owns 130,783 shares of the company’s stock, valued at approximately $4,828,508.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Van H. Beckwith sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $369,200.00. Following the transaction, the executive vice president now owns 283,908 shares of the company’s stock, valued at $10,481,883.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,287 shares of company stock valued at $1,930,704. Corporate insiders own 0.61% of the company’s stock.

Halliburton Stock Up 0.6 %

NYSE HAL traded up $0.19 during trading on Tuesday, reaching $33.62. The company’s stock had a trading volume of 7,585,116 shares, compared to its average volume of 7,303,705. The business has a 50-day moving average price of $35.79 and a 200-day moving average price of $36.33. Halliburton has a 1-year low of $32.35 and a 1-year high of $43.85. The stock has a market capitalization of $29.76 billion, a PE ratio of 11.63, a PEG ratio of 0.86 and a beta of 1.93. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. Halliburton’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. On average, research analysts forecast that Halliburton will post 3.37 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Wednesday, June 5th. Halliburton’s dividend payout ratio is 23.53%.

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.