Halliburton Company $HAL Shares Sold by Bokf Na

Key Points

• Bokf Na cut its Halliburton stake by 43.1% in the third quarter, selling 140,345 shares and retaining 185,659 shares valued at approximately $5.9 million. Institutional investors collectively own 85.23% of the company.
• Halliburton exceeded quarterly expectations, reporting $0.60 in EPS versus the $0.58 consensus and revenue of $5.70 billion, up 1.8% year over year. The company also maintains a quarterly dividend of $0.17 per share, yielding about 1.9%.
• Wall Street’s consensus view remains positive, with 18 Buy, five Hold, and one Sell rating; the stock carries a “Moderate Buy” consensus and an average price target of $43.86 versus its recent $35.92 opening price.

Bokf Na reduced its stake in Halliburton Company (NYSE:HAL - Free Report) by 43.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 185,659 shares of the oilfield services company's stock after selling 140,345 shares during the quarter. Bokf Na's holdings in Halliburton were worth $5,904,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC raised its position in Halliburton by 10.2% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,794 shares of the oilfield services company's stock worth $109,000 after acquiring an additional 258 shares during the period. Carlson Financial Inc. grew its position in shares of Halliburton by 2.7% during the 2nd quarter. Carlson Financial Inc. now owns 11,278 shares of the oilfield services company's stock valued at $383,000 after acquiring an additional 295 shares during the period. Greenleaf Trust grew its position in shares of Halliburton by 2.0% during the 2nd quarter. Greenleaf Trust now owns 17,348 shares of the oilfield services company's stock valued at $589,000 after acquiring an additional 342 shares during the period. BIP Wealth LLC grew its position in shares of Halliburton by 4.6% during the 3rd quarter. BIP Wealth LLC now owns 8,696 shares of the oilfield services company's stock valued at $277,000 after acquiring an additional 379 shares during the period. Finally, Angeles Wealth Management LLC increased its stake in shares of Halliburton by 3.4% during the 2nd quarter. Angeles Wealth Management LLC now owns 13,414 shares of the oilfield services company's stock worth $455,000 after purchasing an additional 438 shares during the last quarter. Institutional investors own 85.23% of the company's stock.

Insiders Place Their Bets

In related news, COO Jeffrey Slocum sold 52,572 shares of the company's stock in a transaction that occurred on 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 sale, the chief operating officer owned 118,730 shares of the company's stock, valued at approximately $4,166,235.70. This represents a 30.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.57% of the company's stock.

Halliburton Price Performance

Halliburton stock opened at $35.92 on Friday. Halliburton Company has a one year low of $24.92 and a one year high of $43.59. The business has a fifty day moving average price of $34.26 and a 200-day moving average price of $35.73. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.02 and a quick ratio of 1.48. The firm has a market capitalization of $29.71 billion, a P/E ratio of 14.96, a PEG ratio of 2.07 and a beta of 0.83.

Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.02. Halliburton had a return on equity of 18.36% and a net margin of 8.90%. The business 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 EPS. The company's quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts forecast that Halliburton Company will post 2.33 EPS for the current year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $0.68 annualized dividend and a yield of 1.9%. Halliburton's payout ratio is currently 28.45%.

Wall Street Analyst Weigh In

HAL has been the topic of a number of research reports. Freedom Capital raised shares of Halliburton from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 22nd. Piper Sandler dropped their price target on Halliburton from $43.00 to $42.00 and set an "overweight" rating on the stock in a research report on Monday, October 19th. Wolfe Research initiated coverage on Halliburton in a research note on Wednesday, July 8th. They set a "peer perform" rating for the company. Freedom Broker raised Halliburton from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $37.00 to $40.00 in a report on Thursday, October 22nd. Finally, Barclays lowered 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. Eighteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.86.

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.

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