Halliburton Company $HAL Stock Bought by Vise Technologies Inc.

Vise Technologies Inc. lifted its stake in shares of Halliburton Company (NYSE:HAL) by 28.1% during the third quarter, Holdings Channel.com reports. The firm owned 75,467 shares of the oilfield services company’s stock after acquiring an additional 16,574 shares during the period. Vise Technologies Inc.’s holdings in Halliburton were worth $2,400,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in Halliburton in the 2nd quarter valued at about $2,812,327,000. State Street Corp raised its position in shares of Halliburton by 4.5% during the 2nd quarter. State Street Corp now owns 56,870,444 shares of the oilfield services company’s stock worth $1,930,752,000 after buying an additional 2,463,137 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Halliburton during the 2nd quarter worth about $345,941,000. Bank of New York Mellon Corp acquired a new stake in shares of Halliburton in the 2nd quarter worth approximately $337,486,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Halliburton by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,502,988 shares of the oilfield services company’s stock worth $370,556,000 after acquiring an additional 367,701 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on HAL. BMO Capital Markets set a $37.00 price objective on shares of Halliburton in a report on Wednesday, July 22nd. Piper Sandler dropped their target price on Halliburton from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Royal Bank Of Canada boosted their target price on Halliburton from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, October 21st. Jefferies Financial Group upped their target price on Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Finally, Freedom Capital raised Halliburton from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 22nd. Eighteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and an average target price of $43.86.

Insiders Place Their Bets

In related news, COO Jeffrey Slocum sold 52,572 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the transaction, the chief operating officer directly owned 118,730 shares of the company’s stock, valued at approximately $4,166,235.70. The trade was a 30.69% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.57% of the company’s stock.

Halliburton Stock Down 3.4%

HAL stock opened at $31.89 on Friday. The firm has a market cap of $26.38 billion, a PE ratio of 13.81, a P/E/G ratio of 1.91 and a beta of 0.76. Halliburton Company has a 12 month low of $24.92 and a 12 month high of $43.59. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.02 and a quick ratio of 1.48. The firm has a 50 day simple moving average of $34.17 and a 200 day simple moving average of $35.76.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.58 billion. Halliburton had a net margin of 8.90% and a return on equity of 18.36%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 earnings per share. Equities research analysts forecast that Halliburton Company will post 2.33 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, September 2nd. Halliburton’s payout ratio is presently 28.45%.

Halliburton Company Profile

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well.

Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.