Wedge Capital Management L L P NC cut its holdings in Halliburton Company (NYSE:HAL – Free Report) by 37.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 399,933 shares of the oilfield services company’s stock after selling 236,305 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Halliburton were worth $11,302,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in HAL. Clearstead Trust LLC raised its stake in Halliburton by 7.4% during the 3rd quarter. Clearstead Trust LLC now owns 5,370 shares of the oilfield services company’s stock valued at $132,000 after acquiring an additional 370 shares during the last quarter. Angeles Wealth Management LLC grew its stake in shares of Halliburton by 3.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 11,320 shares of the oilfield services company’s stock valued at $278,000 after purchasing an additional 392 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of Halliburton by 21.0% in the fourth quarter. True Wealth Design LLC now owns 2,434 shares of the oilfield services company’s stock valued at $69,000 after purchasing an additional 423 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Halliburton by 22.2% during the third quarter. Parkside Financial Bank & Trust now owns 2,369 shares of the oilfield services company’s stock worth $58,000 after purchasing an additional 431 shares during the last quarter. Finally, Profund Advisors LLC raised its stake in shares of Halliburton by 0.9% during the third quarter. Profund Advisors LLC now owns 51,508 shares of the oilfield services company’s stock worth $1,267,000 after purchasing an additional 463 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.
More Halliburton News
Here are the key news stories impacting Halliburton this week:
- Positive Sentiment: J.P. Morgan says the Iran war should have little impact on Halliburton’s Q1 earnings, reducing near‑term downside risk and supporting the stock’s rally. Halliburton hits two-year high as JP Morgan sees little Q1 earnings impact from Iran war
- Positive Sentiment: BMO Capital Markets raised its price target to $42, signaling analyst confidence in upside versus current levels. BMO Capital Markets Increases Halliburton (NYSE:HAL) Price Target to $42.00
- Positive Sentiment: Zacks Industry Outlook highlights Halliburton as a beneficiary of high oil prices, strong demand and tech-driven efficiency gains in the oilfield services sector. Zacks Industry Outlook Highlights Halliburton, Baker Hughes, TechnipFMC and Archrock
- Positive Sentiment: Market momentum: the stock hit a 52‑week / two‑year high as rising oil prices and geopolitical tensions lifted the energy sector, helping Halliburton trade up. Halliburton stock hits 52-week high at 39.95 USD
- Positive Sentiment: Broker consensus remains constructive: Halliburton has an average recommendation of “Moderate Buy,” supporting demand for the shares. Halliburton Company (NYSE:HAL) Given Average Recommendation of “Moderate Buy” by Brokerages
- Neutral Sentiment: Wall Street Zen reported a downgrade to “Buy” — still a positive label but a cut from a higher rating, so limited directional impact. Halliburton (NYSE:HAL) Downgraded by Wall Street Zen to Buy
- Negative Sentiment: Industry caution: Reuters warns oilfield services firms could see earnings pressure because producers may delay new drilling until higher oil prices prove durable — a risk that could blunt upside for Halliburton if drilling activity lags. Services firms feel the squeeze as oil rally from Iran war fails to spur drilling
Analyst Ratings Changes
Get Our Latest Analysis on Halliburton
Insider Activity at Halliburton
In other Halliburton news, COO Jeffrey Shannon Slocum sold 5,441 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $33.82, for a total transaction of $184,014.62. Following the transaction, the chief operating officer directly owned 187,423 shares in the company, valued at approximately $6,338,645.86. This represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Timothy Mckeon sold 3,846 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $34.37, for a total transaction of $132,187.02. Following the completion of the transaction, the vice president directly owned 81,631 shares of the company’s stock, valued at approximately $2,805,657.47. This trade represents a 4.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 357,053 shares of company stock valued at $12,178,682 in the last ninety days. Company insiders own 0.56% of the company’s stock.
Halliburton Trading Up 4.1%
NYSE:HAL opened at $40.39 on Friday. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $40.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 2.04. The stock has a fifty day moving average price of $34.97 and a two-hundred day moving average price of $29.51. The stock has a market capitalization of $33.83 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 2.43 and a beta of 0.73.
Halliburton (NYSE:HAL – Get Free Report) last issued its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.55 by $0.14. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same period in the previous year, the firm earned $0.73 EPS. The business’s revenue was up .8% on a year-over-year basis. As a group, sell-side analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current fiscal year.
Halliburton Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. Halliburton’s payout ratio is currently 45.03%.
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.
Further Reading
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:HAL – Free Report).
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.
