66,818 Shares in Halliburton (NYSE:HAL) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in shares of Halliburton (NYSE:HAL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 66,818 shares of the oilfield services company's stock, valued at approximately $2,257,000.

Other institutional investors have also added to or reduced their stakes in the company. Connectus Wealth LLC lifted its position in shares of Halliburton by 44.9% in the 4th quarter. Connectus Wealth LLC now owns 9,005 shares of the oilfield services company's stock worth $326,000 after purchasing an additional 2,792 shares during the period. Elo Mutual Pension Insurance Co lifted its position in shares of Halliburton by 4.0% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 78,449 shares of the oilfield services company's stock worth $2,836,000 after purchasing an additional 3,053 shares during the period. State of Tennessee Treasury Department lifted its position in shares of Halliburton by 10.6% in the 4th quarter. State of Tennessee Treasury Department now owns 646,691 shares of the oilfield services company's stock worth $23,378,000 after purchasing an additional 62,224 shares during the period. Neuberger Berman Group LLC lifted its position in shares of Halliburton by 17.6% in the 4th quarter. Neuberger Berman Group LLC now owns 54,968 shares of the oilfield services company's stock worth $1,987,000 after purchasing an additional 8,227 shares during the period. Finally, Advanced Portfolio Management LLC purchased a new stake in shares of Halliburton in the 4th quarter worth about $409,000. Hedge funds and other institutional investors own 85.23% of the company's stock.

Insider Buying and Selling

In other news, EVP Van H. Beckwith sold 10,000 shares of the business's stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $36.75, for a total transaction of $367,500.00. Following the transaction, the executive vice president now owns 273,908 shares of the company's stock, valued at approximately $10,066,119. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by insiders.

Halliburton Stock Down 3.3 %

Shares of NYSE:HAL traded down $1.02 during trading on Tuesday, reaching $30.07. The stock had a trading volume of 3,181,653 shares, compared to its average volume of 7,890,729. Halliburton has a one year low of $27.52 and a one year high of $43.85. The company has a market capitalization of $26.62 billion, a P/E ratio of 10.76, a PEG ratio of 1.02 and a beta of 1.88. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. The firm's 50-day simple moving average is $30.46 and its 200 day simple moving average is $34.30.

Halliburton (NYSE:HAL - Get Free Report) last released its earnings results on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, hitting analysts' consensus estimates of $0.80. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The company had revenue of $5.83 billion during the quarter, compared to analysts' expectations of $5.95 billion. During the same period last year, the business earned $0.77 EPS. Halliburton's revenue for the quarter was up .6% on a year-over-year basis. As a group, research analysts expect that Halliburton will post 3.14 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton's payout ratio is presently 23.53%.

Analyst Ratings Changes

HAL has been the subject of a number of recent research reports. Citigroup reduced their price objective on shares of Halliburton from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, June 28th. Barclays reduced their price objective on shares of Halliburton from $54.00 to $48.00 and set an "overweight" rating for the company in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Halliburton from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, July 22nd. Piper Sandler reduced their price target on shares of Halliburton from $46.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group reduced their price target on shares of Halliburton from $47.00 to $40.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.56.

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.