Manning & Napier Advisors LLC Sells 18,913 Shares of Halliburton Company $HAL

Manning & Napier Advisors LLC trimmed its stake in Halliburton Company (NYSE:HAL) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,099 shares of the oilfield services company’s stock after selling 18,913 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Halliburton were worth $3,820,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of HAL. Nvest Wealth Strategies Inc. bought a new stake in shares of Halliburton in the 4th quarter worth approximately $25,000. Kelleher Financial Advisors bought a new position in Halliburton during the third quarter valued at $25,000. Cullen Frost Bankers Inc. purchased a new stake in Halliburton in the third quarter worth $25,000. GoalVest Advisory LLC purchased a new stake in Halliburton in the fourth quarter worth $35,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Halliburton in the second quarter valued at $25,000. 85.23% of the stock is owned by institutional investors.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Barclays upgraded Halliburton to overweight and raised its price target to $55, signaling stronger confidence in the company’s upside. Barclays upgrade coverage
• Positive Sentiment: Broader analyst sentiment has improved, with multiple firms raising price targets and Halliburton’s latest earnings topping expectations.
• Neutral Sentiment: An insider sold 20,348 shares, but the transaction was made under a pre-arranged trading plan, making it less likely to reflect a negative change in the company’s outlook. Insider sale details
• Neutral Sentiment: New articles highlighting Halliburton’s trend status and valuation story reflect renewed market attention rather than a specific company event. Wall Street bullish or bearish article

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HAL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Halliburton in a research note on Friday, April 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 target price (up from $36.00) on shares of Halliburton in a research note on Wednesday, April 22nd. Zephirin Group boosted their price target on shares of Halliburton from $30.00 to $31.00 and gave the company a “sell” rating in a research report on Wednesday, April 22nd. Argus upped their price target on shares of Halliburton from $39.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada raised their price objective on shares of Halliburton from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.91.

Halliburton Price Performance

HAL stock opened at $39.84 on Friday. The firm has a 50 day moving average of $37.58 and a 200-day moving average of $32.52. The firm has a market capitalization of $33.29 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 1.74 and a beta of 0.73. Halliburton Company has a 12 month low of $19.38 and a 12 month high of $42.46. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The business had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.37 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. Halliburton’s revenue was down .3% on a year-over-year basis. As a group, sell-side analysts predict that Halliburton Company will post 2.32 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, March 4th. Halliburton’s dividend payout ratio (DPR) is 37.36%.

Insider Buying and Selling

In related news, CEO Jeffrey Allen Miller sold 158,455 shares of Halliburton stock in a transaction on Friday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $6,338,200.00. Following the completion of the sale, the chief executive officer owned 1,013,027 shares of the company’s stock, valued at approximately $40,521,080. This trade represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy Mckeon sold 8,655 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $42.00, for a total value of $363,510.00. Following the transaction, the vice president owned 72,976 shares of the company’s stock, valued at approximately $3,064,992. The trade was a 10.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 222,488 shares of company stock valued at $8,789,305 in the last ninety days. 0.57% of the stock is owned by insiders.

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.