Generali Asset Management SPA SGR Buys 16,660 Shares of Halliburton Company $HAL

Generali Asset Management SPA SGR increased its position in Halliburton Company (NYSE:HAL) by 11.0% in the 4th quarter, HoldingsChannel reports. The fund owned 168,502 shares of the oilfield services company’s stock after buying an additional 16,660 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Halliburton were worth $4,762,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MGO One Seven LLC lifted its holdings in Halliburton by 22.3% during the fourth quarter. MGO One Seven LLC now owns 30,376 shares of the oilfield services company’s stock valued at $858,000 after purchasing an additional 5,543 shares in the last quarter. Crestwood Advisors Group LLC increased its stake in shares of Halliburton by 26.4% in the fourth quarter. Crestwood Advisors Group LLC now owns 10,682 shares of the oilfield services company’s stock worth $302,000 after purchasing an additional 2,231 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Halliburton by 29.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 45,345 shares of the oilfield services company’s stock worth $1,281,000 after purchasing an additional 10,204 shares in the last quarter. Gateway Investment Advisers LLC raised its position in shares of Halliburton by 13.3% during the 4th quarter. Gateway Investment Advisers LLC now owns 195,077 shares of the oilfield services company’s stock valued at $5,513,000 after purchasing an additional 22,835 shares during the period. Finally, K.J. Harrison & Partners Inc raised its position in shares of Halliburton by 172.6% during the 4th quarter. K.J. Harrison & Partners Inc now owns 110,000 shares of the oilfield services company’s stock valued at $3,109,000 after purchasing an additional 69,644 shares during the period. Institutional investors own 85.23% of the company’s stock.

Halliburton News Roundup

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Barclays upgraded Halliburton to overweight and raised its price target to $55, signaling stronger confidence in the company’s upside. Barclays upgrade coverage
• Positive Sentiment: Broader analyst sentiment has improved, with multiple firms raising price targets and Halliburton’s latest earnings topping expectations.
• Neutral Sentiment: An insider sold 20,348 shares, but the transaction was made under a pre-arranged trading plan, making it less likely to reflect a negative change in the company’s outlook. Insider sale details
• Neutral Sentiment: New articles highlighting Halliburton’s trend status and valuation story reflect renewed market attention rather than a specific company event. Wall Street bullish or bearish article

Insider Buying and Selling at Halliburton

In other news, EVP Van H. Beckwith sold 19,618 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $33.82, for a total transaction of $663,480.76. Following the completion of the transaction, the executive vice president directly owned 344,535 shares in the company, valued at approximately $11,652,173.70. This represents a 5.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy Mckeon sold 8,655 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $42.00, for a total transaction of $363,510.00. Following the completion of the sale, the vice president owned 72,976 shares in the company, valued at $3,064,992. This represents a 10.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 222,488 shares of company stock worth $8,789,305 over the last three months. 0.57% of the stock is owned by company insiders.

Halliburton Stock Performance

Shares of NYSE HAL opened at $39.84 on Friday. The company has a market cap of $33.29 billion, a P/E ratio of 21.89, a P/E/G ratio of 1.71 and a beta of 0.73. Halliburton Company has a 52-week low of $19.38 and a 52-week high of $42.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08. The firm’s fifty day moving average is $37.58 and its two-hundred day moving average is $32.52.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The firm had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.37 billion. During the same quarter last year, the business posted $0.60 earnings per share. The business’s quarterly revenue was down .3% compared to the same quarter last year. As a group, analysts anticipate that Halliburton Company will post 2.32 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, March 4th. Halliburton’s dividend payout ratio (DPR) is currently 37.36%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Zephirin Group upped their target price on shares of Halliburton from $30.00 to $31.00 and gave the stock a “sell” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. raised their price target on Halliburton from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Halliburton in a research report on Friday, April 10th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Halliburton in a research note on Sunday, April 26th. Finally, Royal Bank Of Canada lifted their target price on Halliburton from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $41.91.

Halliburton Company 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.