Citizens & Northern Corp Sells 1,726 Shares of Halliburton Company $HAL

Citizens & Northern Corp reduced its position in Halliburton Company (NYSE:HAL) by 5.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,075 shares of the oilfield services company’s stock after selling 1,726 shares during the quarter. Citizens & Northern Corp’s holdings in Halliburton were worth $613,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Halliburton in the 2nd quarter valued at about $287,000. V Square Quantitative Management LLC grew its holdings in shares of Halliburton by 82.1% during the second quarter. V Square Quantitative Management LLC now owns 48,900 shares of the oilfield services company’s stock worth $997,000 after purchasing an additional 22,045 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Halliburton by 42.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,099 shares of the oilfield services company’s stock worth $7,816,000 after purchasing an additional 91,791 shares during the last quarter. Perpetual Ltd raised its stake in Halliburton by 29.7% in the second quarter. Perpetual Ltd now owns 1,081,928 shares of the oilfield services company’s stock valued at $22,050,000 after purchasing an additional 248,015 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Halliburton by 33.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company’s stock valued at $4,047,000 after purchasing an additional 40,109 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

HAL has been the topic of several research reports. Piper Sandler cut shares of Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 price objective on the stock. in a research report on Monday, July 28th. The Goldman Sachs Group raised their price target on Halliburton from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Barclays cut their price objective on Halliburton from $22.00 to $20.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. HSBC set a $30.00 target price on Halliburton and gave the stock a “buy” rating in a research note on Wednesday. Finally, Royal Bank Of Canada raised shares of Halliburton from a “sector perform” rating to an “outperform” rating in a research note on Wednesday. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and an average target price of $30.50.

Halliburton Stock Up 11.7%

Shares of NYSE HAL opened at $25.27 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $32.57. The firm’s fifty day moving average is $22.76 and its 200 day moving average is $21.70. The company has a market cap of $21.55 billion, a price-to-earnings ratio of 11.81 and a beta of 1.02.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.08. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter in the prior year, the company posted $0.73 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities research analysts expect that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.68 annualized dividend and a dividend yield of 2.7%. Halliburton’s dividend payout ratio (DPR) is presently 31.78%.

Halliburton Company 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.