Soltis Investment Advisors LLC Purchases Shares of 7,382 Halliburton (NYSE:HAL)

Soltis Investment Advisors LLC purchased a new stake in Halliburton (NYSE:HAL) during the 1st quarter, Holdings Channel reports. The fund purchased 7,382 shares of the oilfield services company’s stock, valued at approximately $291,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in shares of Halliburton in the first quarter valued at approximately $26,000. IAG Wealth Partners LLC acquired a new position in shares of Halliburton in the first quarter valued at approximately $30,000. Johnson Financial Group Inc. acquired a new position in shares of Halliburton in the fourth quarter valued at approximately $33,000. First United Bank & Trust acquired a new position in shares of Halliburton in the fourth quarter valued at approximately $36,000. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Halliburton in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HAL. Jefferies Financial Group cut their price objective on shares of Halliburton from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Susquehanna dropped their price target on shares of Halliburton from $49.00 to $46.00 and set a “positive” rating for the company in a research report on Monday, July 22nd. Bank of America dropped their price target on shares of Halliburton from $41.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Johnson Rice raised shares of Halliburton to a “moderate buy” rating in a research report on Friday, July 19th. Finally, TD Cowen dropped their price target on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.35.

Insider Activity

In other news, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction dated Thursday, July 18th. The shares were 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 directly owns 273,908 shares of the company’s stock, valued at approximately $10,066,119. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction dated Thursday, July 18th. The shares were 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 directly owns 273,908 shares of the company’s stock, valued at approximately $10,066,119. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jill D. Sharp sold 3,346 shares of Halliburton stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the completion of the transaction, the senior vice president now directly owns 40,185 shares of the company’s stock, valued at $1,486,845. The disclosure for this sale can be found here. In the last three months, insiders sold 62,287 shares of company stock valued at $2,298,204. Company insiders own 0.61% of the company’s stock.

Halliburton Stock Down 4.3 %

HAL stock traded down $1.42 during mid-day trading on Friday, hitting $31.82. 11,236,984 shares of the company were exchanged, compared to its average volume of 9,151,642. The company has a market capitalization of $28.17 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 1.12 and a beta of 1.93. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. Halliburton has a twelve month low of $31.42 and a twelve month high of $43.85. The firm has a fifty day simple moving average of $34.14 and a 200 day simple moving average of $36.02.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $5.83 billion during 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 firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the business earned $0.77 EPS. On average, research analysts forecast that Halliburton will post 3.18 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Wednesday, June 5th. Halliburton’s dividend payout ratio (DPR) 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.