Halliburton (NYSE:HAL) Shares Sold by Dover Advisors LLC

Dover Advisors LLC cut its holdings in Halliburton (NYSE:HAL) by 32.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,239 shares of the oilfield services company’s stock after selling 4,349 shares during the period. Dover Advisors LLC’s holdings in Halliburton were worth $334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stonebrook Private Inc. purchased a new stake in Halliburton in the fourth quarter valued at approximately $632,000. Consolidated Planning Corp raised its position in Halliburton by 9.6% in the fourth quarter. Consolidated Planning Corp now owns 56,434 shares of the oilfield services company’s stock valued at $2,040,000 after purchasing an additional 4,960 shares during the period. Gilliland Jeter Wealth Management LLC purchased a new stake in Halliburton in the fourth quarter valued at approximately $425,000. Citizens Financial Group Inc. RI raised its position in Halliburton by 3.9% in the fourth quarter. Citizens Financial Group Inc. RI now owns 34,361 shares of the oilfield services company’s stock valued at $1,242,000 after purchasing an additional 1,300 shares during the period. Finally, Truist Financial Corp raised its position in Halliburton by 1.2% in the fourth quarter. Truist Financial Corp now owns 1,132,713 shares of the oilfield services company’s stock valued at $40,948,000 after purchasing an additional 13,124 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

NYSE HAL traded down $0.18 during trading hours on Friday, hitting $38.54. The company had a trading volume of 5,056,558 shares, compared to its average volume of 5,718,629. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.48 and a current ratio of 2.12. Halliburton has a 1-year low of $27.84 and a 1-year high of $43.85. The company has a market cap of $34.12 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.99 and a beta of 2.00. The business has a 50 day moving average of $37.88 and a 200-day moving average of $37.33.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.67 billion. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts expect that Halliburton will post 3.4 EPS for the current year.

Insider Buying and Selling

In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the transaction, the director now directly owns 9,625 shares of the company’s stock, valued at $339,762.50. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the transaction, the director now directly owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the transaction, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Susquehanna reaffirmed a “positive” rating and set a $49.00 price objective on shares of Halliburton in a research report on Monday, April 8th. The Goldman Sachs Group upped their price objective on Halliburton from $46.00 to $48.00 in a research report on Tuesday, April 23rd. Barclays cut their price objective on Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. Benchmark reaffirmed a “buy” rating and set a $45.00 price objective on shares of Halliburton in a research report on Wednesday. Finally, Citigroup upped their price objective on Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $48.82.

Halliburton Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.