Halliburton Company $HAL Shares Sold by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH reduced its position in Halliburton Company (NYSE:HAL) by 69.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,770 shares of the oilfield services company’s stock after selling 6,351 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Halliburton were worth $56,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of HAL. Stone House Investment Management LLC acquired a new position in Halliburton in the 1st quarter valued at $30,000. Hexagon Capital Partners LLC grew its stake in shares of Halliburton by 87.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 656 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of Halliburton during the 1st quarter worth $37,000. Bartlett & CO. Wealth Management LLC grew its stake in shares of Halliburton by 109.5% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock worth $39,000 after purchasing an additional 993 shares during the period. Finally, McIlrath & Eck LLC grew its stake in shares of Halliburton by 756.2% during the 1st quarter. McIlrath & Eck LLC now owns 2,132 shares of the oilfield services company’s stock worth $54,000 after purchasing an additional 1,883 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price target on shares of Halliburton from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Piper Sandler cut shares of Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research note on Monday, July 28th. UBS Group upped their price target on shares of Halliburton from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Royal Bank Of Canada upped their price target on shares of Halliburton from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Melius Research initiated coverage on shares of Halliburton in a research note on Wednesday, August 20th. They set a “buy” rating and a $41.00 price target on the stock. Fourteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and an average target price of $31.11.

Halliburton Price Performance

Halliburton stock opened at $22.01 on Monday. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $32.57. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. The firm’s 50-day simple moving average is $22.53 and its 200 day simple moving average is $21.74. The firm has a market capitalization of $18.76 billion, a PE ratio of 10.28 and a beta of 1.02.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS. On average, equities research analysts predict that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, September 3rd. Halliburton’s dividend payout ratio is 31.78%.

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.