Livforsakringsbolaget Skandia Omsesidigt Decreases Stock Holdings in Halliburton (NYSE:HAL)

Livforsakringsbolaget Skandia Omsesidigt cut its holdings in Halliburton (NYSE:HAL) by 26.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,547 shares of the oilfield services company’s stock after selling 900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Halliburton were worth $86,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HAL. Rise Advisors LLC purchased a new position in shares of Halliburton in the 1st quarter worth $26,000. IAG Wealth Partners LLC purchased a new position in Halliburton in the first quarter worth about $30,000. Johnson Financial Group Inc. bought a new stake in Halliburton during the fourth quarter worth approximately $33,000. First United Bank & Trust purchased a new stake in Halliburton during the fourth quarter valued at approximately $36,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of Halliburton in the 4th quarter valued at approximately $37,000. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Up 1.6 %

Shares of NYSE HAL traded up $0.50 during trading hours on Monday, hitting $31.50. 1,593,055 shares of the stock were exchanged, compared to its average volume of 7,511,171. Halliburton has a 12 month low of $30.31 and a 12 month high of $43.85. The firm has a fifty day moving average price of $33.61 and a 200-day moving average price of $35.92. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. The company has a market cap of $27.89 billion, a PE ratio of 10.73, a PEG ratio of 1.12 and a beta of 1.93.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The business had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 earnings per share. On average, sell-side analysts expect that Halliburton will post 3.18 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Wednesday, June 5th. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

Insiders Place Their Bets

In other news, EVP Van H. Beckwith sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $36.75, for a total transaction of $367,500.00. Following the transaction, the executive vice president now owns 273,908 shares in the company, valued at $10,066,119. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. TD Cowen decreased their price target on Halliburton from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Evercore ISI reduced their target price on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. The Goldman Sachs Group lifted their price target on shares of Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. Benchmark reissued a “buy” rating and issued a $42.00 price objective on shares of Halliburton in a research report on Monday, July 22nd. Finally, Morgan Stanley dropped their target price on Halliburton from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Halliburton has an average rating of “Moderate Buy” and a consensus price target of $45.35.

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.