Halliburton Company $HAL Holdings Lifted by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in shares of Halliburton Company (NYSE:HAL) by 15.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,883 shares of the oilfield services company’s stock after buying an additional 28,383 shares during the period. ProShare Advisors LLC’s holdings in Halliburton were worth $6,579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Vise Technologies Inc. increased its holdings in shares of Halliburton by 28.1% during the third quarter. Vise Technologies Inc. now owns 75,467 shares of the oilfield services company’s stock valued at $2,400,000 after purchasing an additional 16,574 shares during the period. Avestar Capital LLC raised its stake in shares of Halliburton by 13.0% during the third quarter. Avestar Capital LLC now owns 15,254 shares of the oilfield services company’s stock valued at $485,000 after purchasing an additional 1,754 shares in the last quarter. State of Wyoming lifted its holdings in Halliburton by 6.5% in the third quarter. State of Wyoming now owns 13,381 shares of the oilfield services company’s stock worth $426,000 after purchasing an additional 819 shares during the period. Parcion Private Wealth LLC lifted its holdings in Halliburton by 10.7% in the third quarter. Parcion Private Wealth LLC now owns 16,289 shares of the oilfield services company’s stock worth $518,000 after purchasing an additional 1,573 shares during the period. Finally, D.A. Davidson & CO. grew its position in Halliburton by 5.5% in the 3rd quarter. D.A. Davidson & CO. now owns 20,471 shares of the oilfield services company’s stock valued at $651,000 after buying an additional 1,062 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling

In other Halliburton news, COO Jeffrey Slocum sold 52,572 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the transaction, the chief operating officer directly owned 118,730 shares in the company, valued at $4,166,235.70. This trade represents a 30.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.57% of the company’s stock.

Halliburton Stock Performance

Shares of NYSE HAL opened at $33.00 on Thursday. The company has a quick ratio of 1.48, a current ratio of 2.02 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $27.30 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 1.97 and a beta of 0.76. The stock’s fifty day simple moving average is $34.22 and its 200 day simple moving average is $35.76. Halliburton Company has a 52-week low of $24.92 and a 52-week high of $43.59.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. Halliburton had a return on equity of 18.36% and a net margin of 8.90%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.58 billion. During the same period in the prior year, the business posted $0.58 earnings per share. Halliburton’s revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Halliburton Company will post 2.33 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. Halliburton’s dividend payout ratio is currently 28.45%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley lowered their target price on shares of Halliburton from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Royal Bank Of Canada upped their price target on shares of Halliburton from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 21st. Freedom Capital upgraded shares of Halliburton from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Halliburton in a research note on Friday, October 2nd. Finally, Piper Sandler dropped their target price on Halliburton from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.86.

About Halliburton

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well.

Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.