OLD National Bancorp IN Sells 1,907 Shares of Halliburton (NYSE:HAL)

OLD National Bancorp IN lowered its stake in shares of Halliburton (NYSE:HAL) by 20.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,508 shares of the oilfield services company’s stock after selling 1,907 shares during the quarter. OLD National Bancorp IN’s holdings in Halliburton were worth $218,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Blue Trust Inc. grew its holdings in Halliburton by 94.3% during the third quarter. Blue Trust Inc. now owns 13,641 shares of the oilfield services company’s stock worth $396,000 after buying an additional 6,620 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Halliburton by 19.5% during the third quarter. V Square Quantitative Management LLC now owns 26,014 shares of the oilfield services company’s stock worth $756,000 after buying an additional 4,240 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Halliburton by 1.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 103,584 shares of the oilfield services company’s stock worth $3,009,000 after buying an additional 1,021 shares in the last quarter. Ballast Inc. grew its holdings in Halliburton by 13.2% during the third quarter. Ballast Inc. now owns 15,102 shares of the oilfield services company’s stock worth $439,000 after buying an additional 1,758 shares in the last quarter. Finally, Ellsworth Advisors LLC grew its holdings in Halliburton by 22.3% during the third quarter. Ellsworth Advisors LLC now owns 18,988 shares of the oilfield services company’s stock worth $552,000 after buying an additional 3,460 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HAL. Bank of America reduced their price objective on Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Benchmark restated a “buy” rating and issued a $42.00 price objective on shares of Halliburton in a research note on Monday, July 22nd. The Goldman Sachs Group reduced their price objective on Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Piper Sandler reduced their price objective on Halliburton from $46.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Finally, Dbs Bank began coverage on Halliburton in a research note on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.74.

Halliburton Stock Down 1.5 %

Shares of NYSE HAL opened at $27.81 on Thursday. Halliburton has a 52 week low of $27.52 and a 52 week high of $41.60. The business has a 50-day simple moving average of $29.82 and a two-hundred day simple moving average of $33.43. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. The company has a market cap of $24.62 billion, a P/E ratio of 9.62, a P/E/G ratio of 1.04 and a beta of 1.88.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were paid a $0.17 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 annualized dividend and a yield of 2.45%. Halliburton’s dividend payout ratio is currently 23.53%.

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.