Citizens & Northern Corp Sells 1,387 Shares of Halliburton (NYSE:HAL)

Citizens & Northern Corp lessened its position in shares of Halliburton (NYSE:HAL) by 5.2% in the second quarter, HoldingsChannel.com reports. The firm owned 25,146 shares of the oilfield services company’s stock after selling 1,387 shares during the quarter. Citizens & Northern Corp’s holdings in Halliburton were worth $849,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors raised its stake in Halliburton by 0.3% during the first quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock worth $4,806,431,000 after buying an additional 377,500 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Halliburton by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock worth $3,952,805,000 after acquiring an additional 2,618,740 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Halliburton by 46.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock valued at $2,408,171,000 after purchasing an additional 19,237,784 shares during the period. Sanders Capital LLC grew its stake in Halliburton by 3.4% during the fourth quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock worth $850,927,000 after purchasing an additional 782,093 shares during the period. Finally, Norges Bank bought a new stake in Halliburton in the fourth quarter worth approximately $400,070,000. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Down 0.9 %

HAL opened at $31.09 on Friday. Halliburton has a fifty-two week low of $30.31 and a fifty-two week high of $43.85. The firm has a market capitalization of $27.45 billion, a P/E ratio of 10.76, a PEG ratio of 1.06 and a beta of 1.93. The company’s 50-day moving average is $32.88 and its 200 day moving average is $35.48. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54.

Halliburton (NYSE:HAL) last posted its earnings results on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 EPS. Research analysts expect that Halliburton will post 3.14 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be given a $0.17 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $0.68 annualized dividend and a yield of 2.19%. Halliburton’s dividend payout ratio is currently 23.53%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Piper Sandler reduced their price objective on shares of Halliburton from $46.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Bank of America dropped their price objective on shares of Halliburton from $41.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. JPMorgan Chase & Co. reduced their target price on Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. TD Cowen cut their price target on Halliburton from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Finally, Citigroup lowered their target price on Halliburton from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $44.88.

Insider Activity

In related news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $36.75, for a total value of $367,500.00. Following the transaction, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at approximately $10,066,119. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.61% of the company’s stock.

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.