Sanctuary Advisors LLC Takes $2.72 Million Position in Halliburton Company $HAL

Sanctuary Advisors LLC acquired a new stake in shares of Halliburton Company (NYSE:HAL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 80,083 shares of the oilfield services company’s stock, valued at approximately $2,719,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC raised its stake in Halliburton by 10.2% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,794 shares of the oilfield services company’s stock valued at $109,000 after purchasing an additional 258 shares during the last quarter. Vermillion Wealth Management Inc. grew its holdings in shares of Halliburton by 24.8% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company’s stock worth $41,000 after buying an additional 289 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Halliburton by 1.5% during the fourth quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company’s stock worth $659,000 after buying an additional 349 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Halliburton by 7.3% in the fourth quarter. Harbour Investments Inc. now owns 5,320 shares of the oilfield services company’s stock valued at $150,000 after buying an additional 361 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its position in shares of Halliburton by 3.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 10,363 shares of the oilfield services company’s stock valued at $293,000 after buying an additional 365 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

Shares of HAL stock opened at $33.85 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. The firm has a market capitalization of $28.20 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 2.17 and a beta of 0.73. Halliburton Company has a one year low of $21.40 and a one year high of $43.59. The company has a 50 day moving average price of $33.81 and a 200 day moving average price of $36.53.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The company had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter last year, the business earned $0.55 EPS. Halliburton’s revenue for the quarter was up 3.7% on a year-over-year basis. Sell-side analysts anticipate that Halliburton Company will post 2.34 EPS for the current year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, September 2nd. Halliburton’s dividend payout ratio (DPR) is 35.60%.

Insider Buying and Selling at Halliburton

In related news, CFO Eric Carre sold 24,778 shares of Halliburton stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the transaction, the chief financial officer owned 148,520 shares in the company, valued at approximately $5,330,382.80. This trade represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of the business’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 sale, the chief operating officer directly owned 118,730 shares of the company’s stock, valued at approximately $4,166,235.70. This trade represents a 30.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on HAL. Barclays decreased their target price on shares of Halliburton from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. BMO Capital Markets set a $37.00 price target on Halliburton in a research note on Wednesday, July 22nd. Citigroup raised their price objective on Halliburton from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Susquehanna lowered their price objective on Halliburton from $45.00 to $42.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th. Finally, Freedom Capital upgraded Halliburton from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 22nd. Eighteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Halliburton has an average rating of “Moderate Buy” and an average price target of $43.10.

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.