Court Place Advisors LLC Sells 2,956 Shares of Halliburton (NYSE:HAL)

Court Place Advisors LLC cut its position in shares of Halliburton (NYSE:HAL) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,095 shares of the oilfield services company’s stock after selling 2,956 shares during the period. Court Place Advisors LLC’s holdings in Halliburton were worth $356,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of Halliburton by 10.4% during the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock valued at $503,856,000 after acquiring an additional 1,748,763 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Halliburton during the fourth quarter valued at $351,000. Blue Trust Inc. lifted its position in Halliburton by 17.3% during the fourth quarter. Blue Trust Inc. now owns 16,000 shares of the oilfield services company’s stock valued at $465,000 after purchasing an additional 2,359 shares during the last quarter. PFG Investments LLC grew its stake in shares of Halliburton by 80.0% in the 4th quarter. PFG Investments LLC now owns 17,484 shares of the oilfield services company’s stock worth $475,000 after buying an additional 7,768 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Halliburton by 14.1% during the 4th quarter. Geneos Wealth Management Inc. now owns 10,736 shares of the oilfield services company’s stock valued at $292,000 after buying an additional 1,324 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Stock Down 1.9 %

NYSE:HAL opened at $27.27 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.62. Halliburton has a 1-year low of $25.51 and a 1-year high of $41.56. The company has a 50-day moving average of $28.81 and a 200 day moving average of $29.95. The firm has a market cap of $23.95 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 3.58 and a beta of 1.91.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.83 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. Halliburton’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 EPS. As a group, research analysts anticipate that Halliburton will post 2.94 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were issued a $0.17 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.49%. Halliburton’s dividend payout ratio is presently 24.03%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HAL shares. Benchmark reduced their price objective on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a research report on Thursday, January 23rd. Raymond James downgraded Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Piper Sandler started coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective on the stock. Finally, Susquehanna reduced their target price on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research note on Friday, November 8th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.42.

Halliburton 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.