Halliburton Company $HAL Shares Sold by Chilton Capital Management LLC

Chilton Capital Management LLC trimmed its holdings in Halliburton Company (NYSE:HAL) by 32.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,318 shares of the oilfield services company’s stock after selling 8,004 shares during the quarter. Chilton Capital Management LLC’s holdings in Halliburton were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new stake in Halliburton in the 1st quarter valued at about $30,000. Hexagon Capital Partners LLC lifted its holdings in Halliburton by 87.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock valued at $36,000 after acquiring an additional 656 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in Halliburton in the 1st quarter valued at about $37,000. CVA Family Office LLC lifted its holdings in Halliburton by 94.8% in the 2nd quarter. CVA Family Office LLC now owns 1,882 shares of the oilfield services company’s stock valued at $38,000 after acquiring an additional 916 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its holdings in Halliburton by 109.5% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock valued at $39,000 after acquiring an additional 993 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HAL has been the subject of a number of analyst reports. Susquehanna upped their price objective on shares of Halliburton from $27.00 to $29.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Citigroup reaffirmed a “buy” rating on shares of Halliburton in a research note on Tuesday, October 14th. Melius Research initiated coverage on shares of Halliburton in a research note on Wednesday, August 20th. They set a “buy” rating and a $41.00 price objective for the company. Wells Fargo & Company reduced their price objective on shares of Halliburton from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Finally, Barclays upped their price objective on shares of Halliburton from $20.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Halliburton has an average rating of “Moderate Buy” and an average price target of $31.40.

Halliburton Price Performance

Shares of HAL opened at $26.57 on Monday. The company has a market capitalization of $22.66 billion, a price-to-earnings ratio of 17.60 and a beta of 1.02. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.95 and a quick ratio of 1.43. The business’s 50-day moving average is $23.09 and its 200-day moving average is $21.85.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.39 billion. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. Equities research analysts expect that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd were issued a $0.17 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.6%. Halliburton’s dividend payout ratio is currently 45.03%.

About Halliburton

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.