Marex Group plc Takes Position in Halliburton Company $HAL

Marex Group plc acquired a new position 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 institutional investor acquired 44,514 shares of the oilfield services company’s stock, valued at approximately $907,000.

Several other large investors have also recently bought and sold shares of HAL. SBI Securities Co. Ltd. boosted its position in shares of Halliburton by 7.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 7,374 shares of the oilfield services company’s stock worth $150,000 after purchasing an additional 504 shares in the last quarter. Cerro Pacific Wealth Advisors LLC lifted its stake in shares of Halliburton by 4.3% in the second quarter. Cerro Pacific Wealth Advisors LLC now owns 13,590 shares of the oilfield services company’s stock valued at $277,000 after purchasing an additional 559 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Halliburton by 2.6% in the second quarter. International Assets Investment Management LLC now owns 22,307 shares of the oilfield services company’s stock valued at $455,000 after purchasing an additional 566 shares during the period. Yousif Capital Management LLC boosted its holdings in Halliburton by 0.6% during the second quarter. Yousif Capital Management LLC now owns 112,023 shares of the oilfield services company’s stock worth $2,283,000 after buying an additional 618 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its position in Halliburton by 5.9% during the second quarter. Atria Wealth Solutions Inc. now owns 11,358 shares of the oilfield services company’s stock worth $231,000 after buying an additional 630 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In other Halliburton news, insider Mark Richard sold 160,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the completion of the sale, the insider directly owned 452,374 shares in the company, valued at $12,562,425.98. This represents a 26.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Van H. Beckwith sold 8,854 shares of Halliburton stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $27.89, for a total value of $246,938.06. Following the completion of the transaction, the executive vice president directly owned 333,528 shares in the company, valued at $9,302,095.92. This represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.61% of the company’s stock.

Halliburton Stock Down 1.9%

HAL stock opened at $28.58 on Monday. The company has a 50 day moving average price of $26.13 and a two-hundred day moving average price of $23.43. Halliburton Company has a one year low of $18.72 and a one year high of $30.40. The stock has a market capitalization of $24.05 billion, a P/E ratio of 18.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 1.95.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter in the previous year, the business earned $0.73 EPS. The firm’s revenue was down 1.7% on a year-over-year basis. As a group, sell-side analysts expect that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, December 3rd. Halliburton’s dividend payout ratio is presently 45.03%.

Analyst Ratings Changes

HAL has been the subject of a number of research reports. HSBC set a $30.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Melius Research began coverage on Halliburton in a research report on Wednesday, August 20th. They set a “buy” rating and a $41.00 target price on the stock. Stifel Nicolaus set a $32.00 target price on Halliburton in a report on Wednesday, October 22nd. BMO Capital Markets lifted their price target on Halliburton from $28.00 to $31.00 in a research note on Tuesday, November 11th. Finally, Hsbc Global Res raised shares of Halliburton from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.00.

Halliburton Company Profile

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.