International Assets Investment Management LLC Sells 20,900 Shares of Halliburton Company $HAL

International Assets Investment Management LLC lowered its stake in shares of Halliburton Company (NYSE:HAL) by 93.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,407 shares of the oilfield services company’s stock after selling 20,900 shares during the quarter. International Assets Investment Management LLC’s holdings in Halliburton were worth $40,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Research Global Investors increased its position in Halliburton by 81.8% during the third quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company’s stock worth $2,239,349,000 after acquiring an additional 40,969,139 shares during the period. Sanders Capital LLC boosted its stake in shares of Halliburton by 9.4% in the 3rd quarter. Sanders Capital LLC now owns 26,004,682 shares of the oilfield services company’s stock valued at $639,715,000 after purchasing an additional 2,238,983 shares in the last quarter. Strive Asset Management LLC acquired a new stake in shares of Halliburton in the 3rd quarter valued at $418,738,000. AQR Capital Management LLC boosted its stake in shares of Halliburton by 85.5% in the 2nd quarter. AQR Capital Management LLC now owns 8,610,870 shares of the oilfield services company’s stock valued at $175,490,000 after purchasing an additional 3,969,759 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in Halliburton during the 3rd quarter worth about $147,315,000. Institutional investors own 85.23% of the company’s stock.

Insider Activity

In other Halliburton news, insider Michael Casey Maxwell sold 20,348 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $41.89, for a total transaction of $852,377.72. Following the transaction, the insider owned 93,763 shares in the company, valued at $3,927,732.07. This trade represents a 17.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock in a transaction 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 transaction, the director owned 15,250 shares in the company, valued at $636,230. The trade was a 28.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 222,488 shares of company stock worth $8,789,305. Corporate insiders own 0.57% of the company’s stock.

Halliburton Trading Down 0.1%

Shares of Halliburton stock opened at $41.71 on Monday. The business has a fifty day simple moving average of $38.24 and a two-hundred day simple moving average of $33.16. Halliburton Company has a 1 year low of $19.38 and a 1 year high of $42.46. The company has a market capitalization of $34.85 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 1.83 and a beta of 0.73. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54.

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, beating the consensus estimate of $0.50 by $0.05. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter last year, the firm posted $0.60 EPS. The company’s quarterly revenue was down .3% on a year-over-year basis. Research analysts forecast that Halliburton Company will post 2.32 EPS for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.68 annualized dividend and a yield of 1.6%. Halliburton’s dividend payout ratio (DPR) is presently 37.36%.

Analysts Set New Price Targets

Several brokerages recently issued reports on HAL. Barclays upgraded shares of Halliburton from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $37.00 to $55.00 in a research report on Thursday, May 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $43.00 price target (up from $36.00) on shares of Halliburton in a research note on Wednesday, April 22nd. The Goldman Sachs Group upped their price target on Halliburton from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Piper Sandler boosted their price objective on Halliburton from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Finally, TD Cowen raised their price target on shares of Halliburton from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and a consensus target price of $42.45.

Halliburton Company Profile

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.