19,765 Shares in Halliburton Company $HAL Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC acquired a new position in Halliburton Company (NYSE:HALFree Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,765 shares of the oilfield services company’s stock, valued at approximately $771,000.

Other large investors have also bought and sold shares of the company. Nvest Wealth Strategies Inc. bought a new position in shares of Halliburton in the 4th quarter worth approximately $25,000. Kelleher Financial Advisors bought a new stake in shares of Halliburton during the third quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Halliburton during the second quarter valued at approximately $25,000. Zions Bancorporation National Association UT grew its stake in Halliburton by 196.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after purchasing an additional 650 shares during the period. Finally, Strive Asset Management LLC purchased a new stake in Halliburton in the third quarter worth $31,000. 85.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on HAL. Freedom Capital raised Halliburton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Griffin Securities raised shares of Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Wednesday, April 22nd. Piper Sandler upgraded shares of Halliburton from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $40.00 to $43.00 in a research note on Tuesday, July 14th. Stifel Nicolaus reissued a “buy” rating and set a $43.00 price target (up from $36.00) on shares of Halliburton in a research report on Wednesday, April 22nd. Finally, Evercore reissued an “outperform” rating and set a $43.00 price objective on shares of Halliburton in a research note on Wednesday, July 22nd. Eighteen 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.10.

View Our Latest Stock Analysis on Halliburton

Insiders Place Their Bets

In related news, EVP Van H. Beckwith sold 198,349 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the completion of the sale, the executive vice president owned 146,186 shares of the company’s stock, valued at $6,036,019.94. This trade represents a 57.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total transaction of $889,282.42. Following the completion of the transaction, the chief financial officer owned 148,520 shares of the company’s stock, valued at approximately $5,330,382.80. The trade was a 14.30% 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. Over the last ninety days, insiders sold 243,475 shares of company stock valued at $9,931,490. Insiders own 0.57% of the company’s stock.

Halliburton Trading Down 0.1%

Halliburton stock opened at $31.19 on Thursday. Halliburton Company has a 12 month low of $20.39 and a 12 month high of $43.59. The company has a market capitalization of $25.98 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 1.95 and a beta of 0.71. The business’s fifty day simple moving average is $36.27 and its two-hundred day simple moving average is $36.49. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64.

Halliburton (NYSE:HALGet Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The firm had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The company’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.55 earnings per share. As a group, equities analysts predict that Halliburton Company will post 2.35 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, June 3rd. Halliburton’s dividend payout ratio (DPR) is currently 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.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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