16,213 Shares in Halliburton Company $HAL Acquired by Diversified Trust Co

Diversified Trust Co bought a new stake in shares of Halliburton Company (NYSE:HAL) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,213 shares of the oilfield services company’s stock, valued at approximately $632,000.

Several other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors lifted its holdings in shares of Halliburton by 81.8% during the 3rd quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company’s stock valued at $2,239,349,000 after purchasing an additional 40,969,139 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Halliburton by 82,596.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock valued at $841,339,000 after buying an additional 29,735,387 shares during the last quarter. Strive Asset Management LLC acquired a new stake in Halliburton in the third quarter worth about $418,738,000. Norges Bank purchased a new stake in shares of Halliburton during the fourth quarter worth about $169,304,000. Finally, Holocene Advisors LP acquired a new position in shares of Halliburton during the third quarter valued at about $147,315,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HAL. Stifel Nicolaus restated a “buy” rating and set a $43.00 price target (up from $36.00) on shares of Halliburton in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. raised their target price on Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. BMO Capital Markets boosted their price target on Halliburton from $42.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada increased their price objective on Halliburton from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Zephirin Group raised their price target on shares of Halliburton from $30.00 to $31.00 and gave the stock a “sell” rating in a research report on Wednesday, April 22nd. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.27.

Halliburton Stock Up 2.1%

Halliburton stock opened at $34.62 on Friday. The business’s 50-day moving average price is $39.41 and its 200 day moving average price is $35.65. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.65. The firm has a market cap of $28.92 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 1.47 and a beta of 0.69. Halliburton Company has a 52 week low of $20.09 and a 52 week high of $43.59.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.Halliburton’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. As a group, sell-side analysts anticipate that Halliburton Company will post 2.34 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. Halliburton’s dividend payout ratio is 37.36%.

Insider Activity at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 198,349 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $41.29, for a total value of $8,189,830.21. Following the completion of the transaction, the executive vice president owned 146,186 shares in the company, valued at approximately $6,036,019.94. This represents a 57.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Tobi M. Young sold 6,125 shares of the 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 sale, the director directly owned 15,250 shares in the company, valued at approximately $636,230. The trade was a 28.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 258,255 shares of company stock valued at $10,550,535 in the last quarter. 0.57% of the stock is currently owned by insiders.

Halliburton Company Profile

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.