EverSource Wealth Advisors LLC Has $1.39 Million Stock Position in Halliburton (NYSE:HAL)

EverSource Wealth Advisors LLC grew its position in Halliburton (NYSE:HAL) by 319.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,956 shares of the oilfield services company’s stock after buying an additional 28,137 shares during the period. EverSource Wealth Advisors LLC’s holdings in Halliburton were worth $1,385,000 at the end of the most recent quarter.

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

Insider Activity

In other news, EVP Van H. Beckwith sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $36.75, for a total transaction 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 $10,066,119. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $36.75, for a total transaction 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 $10,066,119. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey Shannon Slocum sold 38,941 shares of Halliburton stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,287 shares of company stock valued at $2,298,204. Insiders own 0.61% of the company’s stock.

Halliburton Price Performance

Halliburton stock traded down $1.42 during mid-day trading on Friday, reaching $31.82. The company had a trading volume of 11,236,984 shares, compared to its average volume of 9,151,642. Halliburton has a fifty-two week low of $31.42 and a fifty-two week high of $43.85. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. The company has a market cap of $28.17 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.12 and a beta of 1.93. The business has a fifty day simple moving average of $34.14 and a 200 day simple moving average of $36.03.

Halliburton (NYSE:HAL) last issued its earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. The firm 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% on a year-over-year basis. During the same quarter last year, the business posted $0.77 earnings per share. On average, equities research analysts predict that Halliburton will post 3.18 earnings per share for the current 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 paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Wednesday, June 5th. Halliburton’s payout ratio is currently 23.53%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HAL. TD Cowen reduced their price objective on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Bank of America dropped their target price on shares of Halliburton from $41.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Royal Bank of Canada dropped their target price on shares of Halliburton from $45.00 to $44.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Morgan Stanley dropped their target price on shares of Halliburton from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and a consensus target price of $45.35.

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.