Halliburton (NYSE:HAL) Shares Bought by Wahed Invest LLC

Wahed Invest LLC increased its stake in Halliburton (NYSE:HAL) by 13.5% in the 1st quarter, HoldingsChannel reports. The fund owned 17,407 shares of the oilfield services company’s stock after acquiring an additional 2,070 shares during the period. Wahed Invest LLC’s holdings in Halliburton were worth $686,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. grew its stake in shares of Halliburton by 19.1% in the 4th quarter. Franklin Resources Inc. now owns 1,179,579 shares of the oilfield services company’s stock worth $42,642,000 after purchasing an additional 189,324 shares during the last quarter. Cerity Partners LLC raised its position in shares of Halliburton by 69.5% during the fourth quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock worth $7,472,000 after purchasing an additional 84,771 shares during the period. KLCM Advisors Inc. lifted its holdings in shares of Halliburton by 6.9% during the fourth quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company’s stock valued at $17,722,000 after purchasing an additional 31,534 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in shares of Halliburton during the first quarter valued at $1,908,000. Finally, GAMMA Investing LLC boosted its position in shares of Halliburton by 10.9% in the 1st quarter. GAMMA Investing LLC now owns 8,350 shares of the oilfield services company’s stock valued at $329,000 after purchasing an additional 819 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Piper Sandler lowered their price objective on shares of Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. The Goldman Sachs Group boosted their target price on shares of Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. Citigroup decreased their target price on Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Finally, Wells Fargo & Company dropped their price target on Halliburton from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.35.

Insider Transactions at Halliburton

In other news, SVP Jill D. Sharp sold 3,346 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total value of $123,802.00. Following the completion of the sale, the senior vice president now directly owns 40,185 shares of the company’s stock, valued at $1,486,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total value of $367,500.00. Following the completion of the transaction, the executive vice president now owns 273,908 shares of the company’s stock, valued at approximately $10,066,119. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jill D. Sharp sold 3,346 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total value of $123,802.00. Following the completion of the sale, the senior vice president now owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,287 shares of company stock worth $2,298,204. Company insiders own 0.61% of the company’s stock.

Halliburton Stock Performance

Shares of HAL stock traded down $1.42 during trading on Friday, reaching $31.82. The company had a trading volume of 11,235,960 shares, compared to its average volume of 7,557,106. The company has a market capitalization of $28.09 billion, a PE ratio of 11.50, a PEG ratio of 1.17 and a beta of 1.93. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54. The firm’s 50 day simple moving average is $34.23 and its two-hundred day simple moving average is $36.04. Halliburton has a one year low of $31.42 and a one year high of $43.85.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. Sell-side analysts forecast that Halliburton will post 3.18 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.14%. Halliburton’s payout ratio is presently 23.53%.

Halliburton Company 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.