Two Sigma Securities LLC Sells 20,244 Shares of Halliburton Company $HAL

Two Sigma Securities LLC lowered its position in shares of Halliburton Company (NYSE:HALFree Report) by 71.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 8,133 shares of the oilfield services company’s stock after selling 20,244 shares during the period. Two Sigma Securities LLC’s holdings in Halliburton were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HAL. GTS Securities LLC bought a new stake in shares of Halliburton during the 2nd quarter valued at $241,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Halliburton by 105.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 136,889 shares of the oilfield services company’s stock worth $4,647,000 after buying an additional 70,267 shares during the period. Greenleaf Trust increased its stake in Halliburton by 2.0% in the 2nd quarter. Greenleaf Trust now owns 17,348 shares of the oilfield services company’s stock worth $589,000 after buying an additional 342 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Halliburton by 5.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,176,295 shares of the oilfield services company’s stock worth $175,735,000 after buying an additional 286,795 shares in the last quarter. Finally, New Mexico Educational Retirement Board raised its holdings in Halliburton by 6.7% during the second quarter. New Mexico Educational Retirement Board now owns 41,671 shares of the oilfield services company’s stock valued at $1,415,000 after acquiring an additional 2,600 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Jeffrey Slocum sold 52,572 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the sale, the chief operating officer owned 118,730 shares in the company, valued at approximately $4,166,235.70. This trade represents a 30.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of Halliburton stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $35.89, for a total transaction of $889,282.42. Following the transaction, the chief financial officer directly owned 148,520 shares of the company’s stock, valued at approximately $5,330,382.80. This represents a 14.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley lowered their price objective on Halliburton from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Evercore reissued an “outperform” rating and set a $43.00 target price on shares of Halliburton in a research note on Wednesday, July 22nd. Capital One Financial boosted their price target on Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Citigroup upped their price target on Halliburton from $47.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Finally, Wolfe Research began coverage on shares of Halliburton in a research report on Wednesday, July 8th. They set a “peer perform” rating on the stock. Eighteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.10.

View Our Latest Research Report on Halliburton

Halliburton Trading Down 0.8%

Shares of HAL stock opened at $37.33 on Friday. The company has a market cap of $31.10 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.17 and a beta of 0.76. Halliburton Company has a 1 year low of $21.40 and a 1 year high of $43.59. The stock’s 50 day simple moving average is $34.01 and its two-hundred day simple moving average is $36.63. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.50.

Halliburton (NYSE:HALGet Free Report) last announced its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. Research analysts predict that Halliburton Company will post 2.34 earnings per share for the current year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 2nd. Halliburton’s payout ratio is presently 35.60%.

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

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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