Halliburton (NYSE:HAL) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lessened its position in Halliburton (NYSE:HAL) by 8.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 12,164 shares of the oilfield services company’s stock after selling 1,055 shares during the period. First Hawaiian Bank’s holdings in Halliburton were worth $411,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. DAVENPORT & Co LLC boosted its holdings in shares of Halliburton by 15.7% in the 4th quarter. DAVENPORT & Co LLC now owns 22,313 shares of the oilfield services company’s stock valued at $807,000 after purchasing an additional 3,030 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in Halliburton by 0.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 373,544 shares of the oilfield services company’s stock valued at $13,526,000 after acquiring an additional 2,797 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Halliburton during the fourth quarter worth about $5,166,000. Prime Capital Investment Advisors LLC raised its holdings in shares of Halliburton by 6.6% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 83,627 shares of the oilfield services company’s stock worth $3,023,000 after purchasing an additional 5,191 shares during the period. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of Halliburton by 26.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 15,648 shares of the oilfield services company’s stock worth $566,000 after purchasing an additional 3,226 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling

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 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 approximately $10,066,119. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by company insiders.

Halliburton Trading Up 0.6 %

Shares of HAL traded up $0.18 during trading hours on Tuesday, hitting $31.06. 4,597,027 shares of the stock traded hands, compared to its average volume of 7,550,731. The business has a fifty day moving average of $34.04 and a 200-day moving average of $36.04. 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 firm has a market capitalization of $27.50 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.12 and a beta of 1.93. Halliburton has a 1-year low of $30.31 and a 1-year high of $43.85.

Halliburton (NYSE:HAL) last posted its quarterly 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. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The company had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. Analysts expect that Halliburton will post 3.18 EPS for the current year.

Halliburton Announces Dividend

The business 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 2.19%. The ex-dividend date of this dividend was Wednesday, June 5th. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

Analysts Set New Price Targets

A number of analysts recently issued reports on HAL shares. UBS Group increased their target price on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. StockNews.com cut Halliburton from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Stifel Nicolaus dropped their price target on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Johnson Rice upgraded Halliburton to a “moderate buy” rating in a research note on Friday, July 19th. Finally, Piper Sandler decreased their price target on Halliburton from $46.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and an average price target of $45.35.

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.