Halliburton (NYSE:HAL) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its holdings in shares of Halliburton (NYSE:HAL) by 49.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,881 shares of the oilfield services company’s stock after selling 92,179 shares during the period. Moran Wealth Management LLC’s holdings in Halliburton were worth $2,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in HAL. Country Trust Bank purchased a new stake in Halliburton in the 3rd quarter valued at about $36,000. Bruce G. Allen Investments LLC lifted its position in Halliburton by 274.9% in the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock valued at $38,000 after purchasing an additional 822 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of Halliburton during the 3rd quarter worth $44,000. Venturi Wealth Management LLC grew its holdings in shares of Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after acquiring an additional 412 shares during the period. Finally, Beacon Capital Management LLC raised its position in Halliburton by 28.8% during the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock worth $54,000 after acquiring an additional 309 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Trading Up 2.6 %

Shares of Halliburton stock opened at $31.99 on Friday. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56. The firm’s 50 day moving average is $29.37 and its 200 day moving average is $32.07. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $28.10 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 3.75 and a beta of 1.89.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter last year, the business earned $0.79 earnings per share. Halliburton’s revenue was down 1.8% compared to the same quarter last year. Equities research analysts forecast that Halliburton will post 3.01 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is 23.69%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HAL. Dbs Bank assumed coverage on Halliburton in a report on Wednesday, September 18th. They set a “buy” rating and a $45.00 price objective on the stock. Susquehanna cut their price target on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Friday, November 8th. Raymond James lowered their price objective on shares of Halliburton from $41.00 to $37.00 and set a “strong-buy” rating for the company in a research report on Friday, November 8th. Barclays cut their price target on Halliburton from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Finally, UBS Group lowered their target price on Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.74.

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.