Gamco Investors INC. ET AL Sells 16,433 Shares of Halliburton Company $HAL

Gamco Investors INC. ET AL lowered its position in shares of Halliburton Company (NYSE:HAL) by 3.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 523,296 shares of the oilfield services company’s stock after selling 16,433 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Halliburton were worth $14,788,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HAL. Cullen Frost Bankers Inc. bought a new stake in shares of Halliburton during the third quarter valued at approximately $25,000. Nvest Wealth Strategies Inc. bought a new stake in Halliburton in the 4th quarter worth approximately $25,000. Kelleher Financial Advisors bought a new stake in Halliburton in the 3rd quarter worth approximately $25,000. Newbridge Financial Services Group Inc. bought a new stake in Halliburton in the 2nd quarter worth approximately $25,000. Finally, Strive Asset Management LLC bought a new stake in Halliburton in the 3rd quarter worth approximately $31,000. Institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HAL. JPMorgan Chase & Co. lifted their target price on shares of Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group lifted their target price on shares of Halliburton from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Piper Sandler lifted their target price on shares of Halliburton from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Argus lifted their target price on shares of Halliburton from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Stifel Nicolaus reaffirmed 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. Eighteen equities research 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. According to MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and an average price target of $42.45.

Insider Buying and Selling at Halliburton

In other news, VP Timothy Mckeon sold 8,655 shares of Halliburton stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $42.00, for a total transaction of $363,510.00. Following the transaction, the vice president owned 72,976 shares in the company, valued at $3,064,992. This trade represents a 10.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Casey Maxwell sold 20,348 shares of Halliburton 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 represents a 17.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 420,837 shares of company stock worth $16,979,135. Insiders own 0.57% of the company’s stock.

Halliburton Trading Up 2.4%

Shares of Halliburton stock opened at $42.76 on Tuesday. The company’s fifty day simple moving average is $38.41 and its 200-day simple moving average is $33.28. The stock has a market capitalization of $35.72 billion, a PE ratio of 23.49, a P/E/G ratio of 1.83 and a beta of 0.73. Halliburton Company has a 1-year low of $19.38 and a 1-year high of $42.93. 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 issued its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share 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 analysts’ expectations of $5.37 billion. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The company’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 EPS. As a group, equities analysts anticipate that Halliburton Company will post 2.32 earnings per share for the current year.

Halliburton Dividend Announcement

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

Halliburton 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.