BI Asset Management Fondsmaeglerselskab A S Buys 48,876 Shares of Halliburton Company $HAL

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Halliburton Company (NYSE:HAL) by 86.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 105,446 shares of the oilfield services company’s stock after acquiring an additional 48,876 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Halliburton were worth $4,111,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Nvest Wealth Strategies Inc. bought a new stake in Halliburton in the fourth quarter valued at $25,000. Zions Bancorporation National Association UT lifted its holdings in shares of Halliburton by 196.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock valued at $28,000 after acquiring an additional 650 shares during the period. Kelleher Financial Advisors bought a new position in shares of Halliburton during the third quarter valued at $25,000. DV Equities LLC acquired a new stake in shares of Halliburton in the 4th quarter valued at $33,000. Finally, MV Capital Management Inc. bought a new stake in shares of Halliburton in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

HAL has been the subject of a number of recent analyst reports. Citigroup increased their target price on shares of Halliburton from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. HSBC boosted their price target on shares of Halliburton from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Piper Sandler upped their price objective on shares of Halliburton from $34.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Zephirin Group raised their price objective on shares of Halliburton from $30.00 to $31.00 and gave the stock a “sell” rating in a report on Wednesday, April 22nd. Finally, Barclays upgraded shares of Halliburton from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $37.00 to $55.00 in a research note on Thursday, May 7th. Eighteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and a consensus target price of $43.27.

Insider Transactions at Halliburton

In other Halliburton news, Director Tobi M. Young sold 6,125 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $41.72, for a total transaction of $255,535.00. Following the completion of the sale, the director directly owned 15,250 shares of the company’s stock, valued at approximately $636,230. The trade was a 28.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael Casey Maxwell sold 20,348 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $41.89, for a total transaction of $852,377.72. Following the completion of the transaction, the insider directly owned 93,763 shares in the company, valued at $3,927,732.07. This trade represents a 17.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 416,710 shares of company stock valued at $16,888,735. 0.57% of the stock is currently owned by insiders.

Halliburton Stock Performance

HAL stock opened at $35.11 on Tuesday. The company has a 50 day moving average price of $39.61 and a 200 day moving average price of $35.51. Halliburton Company has a fifty-two week low of $20.09 and a fifty-two week high of $43.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54. The stock has a market capitalization of $29.33 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.51 and a beta of 0.70.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. Analysts forecast that Halliburton Company will post 2.34 EPS for the current year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd will be issued a $0.17 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $0.68 annualized dividend and a yield of 1.9%. Halliburton’s dividend payout ratio (DPR) is currently 37.36%.

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.