Fideuram Asset Management Ireland dac Purchases New Holdings in Halliburton Company $HAL

Fideuram Asset Management Ireland dac purchased a new stake in Halliburton Company (NYSE:HAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,608 shares of the oilfield services company’s stock, valued at approximately $950,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. National Pension Service boosted its holdings in Halliburton by 3.2% in the fourth quarter. National Pension Service now owns 1,520,820 shares of the oilfield services company’s stock valued at $42,978,000 after purchasing an additional 46,685 shares during the last quarter. Basepoint Wealth LLC purchased a new position in Halliburton in the fourth quarter valued at about $37,000. Rothschild Investment LLC lifted its holdings in Halliburton by 8.9% during the 4th quarter. Rothschild Investment LLC now owns 12,529 shares of the oilfield services company’s stock worth $354,000 after buying an additional 1,027 shares during the last quarter. Baker Avenue Asset Management LP grew its position in shares of Halliburton by 13.1% in the 4th quarter. Baker Avenue Asset Management LP now owns 40,626 shares of the oilfield services company’s stock worth $1,148,000 after acquiring an additional 4,705 shares in the last quarter. Finally, Arista Wealth Management LLC grew its position in shares of Halliburton by 40.0% in the 4th quarter. Arista Wealth Management LLC now owns 14,000 shares of the oilfield services company’s stock worth $396,000 after acquiring an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. HSBC lifted their target price on Halliburton from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 target price (up from $36.00) on shares of Halliburton in a research report on Wednesday, April 22nd. Susquehanna lifted their target price on Halliburton from $40.00 to $45.00 and gave the stock a “positive” rating in a research report on Tuesday, April 7th. Piper Sandler lifted their target price on Halliburton from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Finally, Evercore lifted their target price on Halliburton from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday. Eighteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.05.

Insiders Place Their Bets

In related news, EVP Van H. Beckwith sold 198,349 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $41.29, for a total value of $8,189,830.21. Following the sale, the executive vice president owned 146,186 shares of the company’s stock, valued at approximately $6,036,019.94. This trade represents a 57.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Tobi M. Young sold 6,125 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $41.72, for a total value of $255,535.00. Following the completion of the sale, the director directly owned 15,250 shares in the company, valued at approximately $636,230. This trade represents a 28.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 420,837 shares of company stock worth $16,979,135. 0.57% of the stock is currently owned by insiders.

Halliburton Trading Down 1.5%

Shares of NYSE HAL opened at $38.76 on Friday. The company has a market cap of $32.38 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 1.68 and a beta of 0.73. Halliburton Company has a 12-month low of $19.44 and a 12-month high of $43.59. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The stock’s 50 day simple moving average is $39.50 and its 200 day simple moving average is $34.10.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The business’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. Equities research analysts expect that Halliburton Company will post 2.34 EPS for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.68 annualized dividend and a dividend yield of 1.8%. Halliburton’s dividend payout ratio (DPR) is 37.36%.

About Halliburton

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.