ABN Amro Investment Solutions Has $2.69 Million Position in Halliburton Company $HAL

ABN Amro Investment Solutions grew its holdings in Halliburton Company (NYSE:HAL) by 135.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,912 shares of the oilfield services company’s stock after purchasing an additional 39,638 shares during the quarter. ABN Amro Investment Solutions’ holdings in Halliburton were worth $2,687,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Halliburton by 10.2% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,794 shares of the oilfield services company’s stock worth $109,000 after buying an additional 258 shares during the last quarter. Vermillion Wealth Management Inc. boosted its stake in Halliburton by 24.8% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company’s stock valued at $41,000 after acquiring an additional 289 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in Halliburton by 1.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company’s stock worth $659,000 after acquiring an additional 349 shares during the period. Harbour Investments Inc. grew its holdings in Halliburton by 7.3% during the 4th quarter. Harbour Investments Inc. now owns 5,320 shares of the oilfield services company’s stock worth $150,000 after acquiring an additional 361 shares during the period. Finally, Kingsview Wealth Management LLC raised its position in shares of Halliburton by 3.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 10,363 shares of the oilfield services company’s stock valued at $293,000 after acquiring an additional 365 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Down 1.1%

NYSE:HAL opened at $32.68 on Friday. Halliburton Company has a twelve month low of $20.39 and a twelve month high of $43.59. The company has a quick ratio of 1.54, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average price is $37.11 and its two-hundred day moving average price is $36.47. The firm has a market capitalization of $27.30 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.52 and a beta of 0.71.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The company had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the firm posted $0.55 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. Equities research analysts expect that Halliburton Company will post 2.36 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, June 3rd. Halliburton’s payout ratio is 37.36%.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton won a new contract with Basra Oil Company to provide integrated field management, digital solutions, and EPCM services in southern Iraq, adding another large-scale international project to its backlog. Halliburton (HAL) Lands Iraq Field Development Contract With Basra Oil Company
• Positive Sentiment: The company also secured a multi-year agreement with Kuwait Oil Company to support the Ahmadi Innovation Valley, reinforcing Halliburton’s international growth story and technology-led strategy. Halliburton’s Outlook Improves as New Awards Build Momentum After Flat Q2, RBC Says
• Positive Sentiment: Second-quarter results topped expectations, with revenue of $5.71 billion and EPS of $0.55, while international revenue hit a 10-year high and margins expanded, which supports confidence in earnings resilience. Halliburton Tops Estimates as International Demand Strengthens
• Neutral Sentiment: Several brokerages lowered price targets after the earnings release, but most kept bullish ratings, suggesting analysts still see upside despite a more cautious valuation view. These Analysts Cut Their Forecasts On Halliburton Following Q2 Results
• Negative Sentiment: The company’s post-earnings outlook was described as tepid by some coverage, with warnings about a slower Middle East recovery and uneven execution tempering enthusiasm. Halliburton tumbles on tepid revenue forecast, Middle East recovery warning

Insider Transactions at Halliburton

In other news, insider Michael Casey Maxwell sold 20,348 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $41.89, for a total transaction of $852,377.72. Following the transaction, the insider owned 93,763 shares in the company, valued at approximately $3,927,732.07. This trade represents a 17.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Van H. Beckwith sold 198,349 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $41.29, for a total value of $8,189,830.21. Following the transaction, the executive vice president owned 146,186 shares in the company, valued at $6,036,019.94. The trade was a 57.57% 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 258,255 shares of company stock valued at $10,550,535. Corporate insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on HAL shares. Susquehanna decreased their price objective on shares of Halliburton from $45.00 to $42.00 and set a “positive” rating for the company in a report on Wednesday, July 8th. Stifel Nicolaus restated a “buy” rating and issued a $43.00 price objective (up from $36.00) on shares of Halliburton in a research report on Wednesday, April 22nd. Wolfe Research began coverage on Halliburton in a research note on Wednesday, July 8th. They set a “peer perform” rating on the stock. Barclays reduced their target price on Halliburton from $55.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Argus lowered their price objective on shares of Halliburton from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday. Eighteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.14.

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.