Empowered Funds LLC Sells 21,136 Shares of Halliburton Company $HAL

Empowered Funds LLC trimmed its position in shares of Halliburton Company (NYSE:HALFree Report) by 9.6% during the 1st quarter, Holdings Channel reports. The fund owned 199,264 shares of the oilfield services company’s stock after selling 21,136 shares during the period. Empowered Funds LLC’s holdings in Halliburton were worth $7,769,000 at the end of the most recent reporting period.

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

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

  • Positive Sentiment: Halliburton signed a non-binding memorandum of understanding with Beetaloo Energy to support a proposed gas-to-power project linked to an artificial-intelligence data center in Australia’s Northern Territory. The opportunity could create future work in drilling, production and energy infrastructure, although it is not yet a firm contract. Reuters article
  • Positive Sentiment: Brokerages maintain a consensus “Moderate Buy” recommendation for HAL, offering some support after the stock’s recent weakness. Halliburton consensus recommendation
  • Neutral Sentiment: Halliburton stock rose in the latest session but continued to underperform the broader market, indicating that investors remain cautious despite the recent bounce. MarketWatch stock performance article
  • Negative Sentiment: UBS said Halliburton’s soft third-quarter guidance is weighing on the stock. The cautious outlook raises concerns about weaker oilfield-services demand, pricing or international activity in the near term. UBS Halliburton outlook article

Halliburton Stock Performance

Shares of Halliburton stock opened at $32.22 on Friday. The stock’s fifty day moving average is $35.88 and its two-hundred day moving average is $36.46. The company has a market capitalization of $26.84 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.98 and a beta of 0.71. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. Halliburton Company has a 52 week low of $20.39 and a 52 week high of $43.59.

Halliburton (NYSE:HALGet Free Report) last released its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping 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 business had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter last year, the firm posted $0.55 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, analysts expect that Halliburton Company will post 2.35 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd were issued a $0.17 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.1%. Halliburton’s dividend payout ratio is presently 35.60%.

Insider Buying and Selling

In other Halliburton news, insider Michael Casey Maxwell sold 20,348 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $41.89, for a total value of $852,377.72. Following the completion of the sale, the insider directly owned 93,763 shares of the company’s stock, valued at $3,927,732.07. The trade was a 17.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Van H. Beckwith sold 198,349 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the completion of the transaction, the executive vice president owned 146,186 shares in the company, valued at $6,036,019.94. This represents a 57.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 243,475 shares of company stock valued at $9,931,490 in the last 90 days. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HAL shares. HSBC boosted their target price on shares of Halliburton from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. TD Cowen lowered their price target on shares of Halliburton from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Zephirin Group lifted their price target on Halliburton from $30.00 to $31.00 and gave the stock a “sell” rating in a research report on Wednesday, April 22nd. Barclays reduced their price objective on Halliburton from $55.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $43.00 price objective (up from $36.00) on shares of Halliburton in a research report on Wednesday, April 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.10.

Check Out Our Latest Stock Analysis on Halliburton

Halliburton Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Company (NYSE:HALFree Report).

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.