Sanctuary Advisors LLC Purchases Shares of 80,083 Halliburton Company $HAL

Sanctuary Advisors LLC acquired a new position in shares of Halliburton Company (NYSE:HAL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 80,083 shares of the oilfield services company’s stock, valued at approximately $2,719,000.

Several other large investors also recently made changes to their positions in HAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Halliburton by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock worth $2,353,000 after purchasing an additional 6,507 shares during the period. Woodline Partners LP increased its holdings in Halliburton by 39.0% in the 1st quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock valued at $1,861,000 after purchasing an additional 20,583 shares in the last quarter. Focus Partners Wealth raised its position in Halliburton by 25.0% in the first quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock valued at $1,320,000 after purchasing an additional 10,408 shares during the period. Intech Investment Management LLC raised its position in Halliburton by 309.1% in the first quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock valued at $1,749,000 after purchasing an additional 52,092 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Halliburton during the first quarter worth about $895,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HAL. Capital One Financial upped their target price on Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Rothschild & Co Redburn raised their target price on Halliburton from $40.00 to $49.00 and gave the company a “buy” rating in a report on Friday, May 15th. Wall Street Zen raised Halliburton from a “hold” rating to a “buy” rating in a research report on Sunday. UBS Group decreased their price target on Halliburton from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Finally, Citigroup increased their price objective on shares of Halliburton from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.10.

Halliburton Stock Performance

NYSE:HAL opened at $33.85 on Wednesday. The firm has a 50-day moving average of $33.81 and a two-hundred day moving average of $36.53. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.50. The stock has a market cap of $28.20 billion, a P/E ratio of 17.72, a PEG ratio of 2.17 and a beta of 0.73. Halliburton Company has a 1-year low of $21.40 and a 1-year high of $43.59.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The business had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same period in the previous year, the company earned $0.55 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, research analysts expect that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, September 2nd. Halliburton’s dividend payout ratio (DPR) is 35.60%.

Insider Activity at Halliburton

In other Halliburton news, CFO Eric Carre sold 24,778 shares of Halliburton 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 sale, the chief financial officer directly owned 148,520 shares in the company, valued at $5,330,382.80. The trade was a 14.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 118,730 shares in the company, valued at approximately $4,166,235.70. The trade was a 30.69% 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. 0.57% of the stock is owned by insiders.

Halliburton Profile

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.