Halliburton Company (NYSE:HAL) Shares Bought by Cary Street Partners Financial LLC

Key Points

• Cary Street Partners Financial LLC increased its holdings in Halliburton Company by 19.0%, owning 125,972 shares valued at $3.2 million as of the end of the most recent reporting period.
• Halliburton reported earnings per share of $0.55 for the last quarter, hitting consensus estimates, with revenues of $5.51 billion, marking a 5.5% decrease compared to the previous year.
• The company recently declared a quarterly dividend of $0.17 per share, equating to an annual yield of 3.1% and a payout ratio of 31.78%.

Cary Street Partners Financial LLC increased its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,972 shares of the oilfield services company's stock after acquiring an additional 20,154 shares during the quarter. Cary Street Partners Financial LLC's holdings in Halliburton were worth $3,196,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new position in shares of Halliburton during the fourth quarter worth $28,000. Hexagon Capital Partners LLC grew its stake in Halliburton by 87.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock worth $36,000 after buying an additional 656 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new position in Halliburton during the 4th quarter valued at about $39,000. Versant Capital Management Inc increased its position in Halliburton by 830.5% during the 1st quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company's stock valued at $52,000 after buying an additional 1,827 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in Halliburton in the first quarter valued at about $57,000. Hedge funds and other institutional investors own 85.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HAL. Stifel Nicolaus dropped their price target on Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Piper Sandler downgraded shares of Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 target price on the stock. in a research report on Monday, July 28th. Barclays cut their price target on shares of Halliburton from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. Hsbc Global Res upgraded shares of Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. Finally, Morgan Stanley cut their target price on Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.00.

Halliburton Price Performance

Shares of Halliburton stock traded up $0.01 on Friday, reaching $20.89. The company's stock had a trading volume of 11,777,228 shares, compared to its average volume of 16,022,171. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $32.57. The company has a market capitalization of $17.81 billion, a P/E ratio of 9.76, a PEG ratio of 3.61 and a beta of 1.12. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $21.56 and a 200-day moving average price of $22.84.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, meeting analysts' consensus estimates of $0.55. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same period last year, the company posted $0.80 EPS. Halliburton's quarterly revenue was down 5.5% compared to the same quarter last year. Analysts expect that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) is 31.78%.

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.