Halliburton Company $HAL Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. lifted its stake in shares of Halliburton Company (NYSE:HAL) by 28.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,467 shares of the oilfield services company’s stock after acquiring an additional 16,574 shares during the period. Vise Technologies Inc.’s holdings in Halliburton were worth $2,400,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Halliburton in the second quarter valued at $2,812,327,000. State Street Corp increased its position in Halliburton by 4.5% during the second quarter. State Street Corp now owns 56,870,444 shares of the oilfield services company’s stock worth $1,930,752,000 after purchasing an additional 2,463,137 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Halliburton by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,502,988 shares of the oilfield services company’s stock worth $370,556,000 after buying an additional 367,701 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Halliburton in the 2nd quarter worth about $345,941,000. Finally, Bank of New York Mellon Corp purchased a new position in Halliburton in the second quarter valued at approximately $337,486,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Stock Performance

HAL stock opened at $31.89 on Friday. The stock’s 50 day simple moving average is $34.17 and its 200 day simple moving average is $35.76. Halliburton Company has a 12-month low of $24.92 and a 12-month high of $43.59. The firm has a market cap of $26.38 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.91 and a beta of 0.76. The company has a current ratio of 2.02, a quick ratio of 1.48 and a debt-to-equity ratio of 0.63.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Halliburton had a net margin of 8.90% and a return on equity of 18.36%. The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.58 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities research analysts predict that Halliburton Company will post 2.33 EPS for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. Halliburton’s payout ratio is currently 28.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HAL. Barclays reduced their price objective on Halliburton from $53.00 to $51.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 21st. Jefferies Financial Group boosted their target price on shares of Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Freedom Broker raised shares of Halliburton from a “hold” rating to a “buy” rating and upped their price objective for the company from $37.00 to $40.00 in a research report on Thursday, October 22nd. Piper Sandler dropped their target price on Halliburton from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Finally, Morgan Stanley dropped their price objective on Halliburton from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Eighteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.86.

Insider Activity at Halliburton

In other news, COO Jeffrey Slocum sold 52,572 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the completion of the transaction, the chief operating officer owned 118,730 shares in the company, valued at approximately $4,166,235.70. This represents a 30.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.57% of the company’s stock.

About Halliburton

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well.

Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.