Moody National Bank Trust Division Reduces Stock Holdings in Halliburton (NYSE:HAL)

Moody National Bank Trust Division cut its holdings in Halliburton (NYSE:HAL) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,766 shares of the oilfield services company’s stock after selling 385 shares during the quarter. Moody National Bank Trust Division’s holdings in Halliburton were worth $374,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HAL. Country Trust Bank acquired a new position in shares of Halliburton during the third quarter valued at about $36,000. Modus Advisors LLC purchased a new stake in Halliburton during the 4th quarter worth approximately $38,000. Continuum Advisory LLC increased its stake in Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after purchasing an additional 698 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of Halliburton in the third quarter worth $44,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after buying an additional 412 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Price Performance

Shares of Halliburton stock opened at $28.20 on Wednesday. The firm has a market cap of $24.77 billion, a PE ratio of 9.83, a P/E/G ratio of 3.55 and a beta of 1.91. The business has a 50-day moving average price of $28.96 and a 200 day moving average price of $30.20. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. Halliburton has a twelve month low of $25.51 and a twelve month high of $41.56.

Halliburton (NYSE:HAL) last announced its 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). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period in the previous year, the company earned $0.79 earnings per share. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Sell-side analysts predict that Halliburton will post 3 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s payout ratio is 23.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Piper Sandler initiated coverage on Halliburton in a research note on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price for the company. UBS Group cut Halliburton from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Wells Fargo & Company decreased their target price on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Dbs Bank began coverage on shares of Halliburton in a report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, Susquehanna decreased their price objective on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.95.

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.