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

Moody National Bank Trust Division raised its stake in Halliburton (NYSE:HAL) by 2.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 11,842 shares of the oilfield services company’s stock after buying an additional 336 shares during the quarter. Moody National Bank Trust Division’s holdings in Halliburton were worth $400,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its position in shares of Halliburton by 15.7% in the 4th quarter. DAVENPORT & Co LLC now owns 22,313 shares of the oilfield services company’s stock worth $807,000 after purchasing an additional 3,030 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Halliburton by 7.8% during the fourth quarter. Ballentine Partners LLC now owns 17,482 shares of the oilfield services company’s stock worth $632,000 after acquiring an additional 1,270 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Halliburton by 0.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 373,544 shares of the oilfield services company’s stock valued at $13,526,000 after acquiring an additional 2,797 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Halliburton in the 4th quarter worth approximately $5,166,000. Finally, Prime Capital Investment Advisors LLC grew its position in Halliburton by 6.6% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 83,627 shares of the oilfield services company’s stock worth $3,023,000 after purchasing an additional 5,191 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HAL shares. Stifel Nicolaus lowered their price objective on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, July 16th. Morgan Stanley reduced their price objective on Halliburton from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Johnson Rice upgraded Halliburton to a “moderate buy” rating in a research report on Friday, July 19th. The Goldman Sachs Group raised their price target on shares of Halliburton from $46.00 to $48.00 in a research report on Tuesday, April 23rd. Finally, Susquehanna dropped their price objective on shares of Halliburton from $49.00 to $46.00 and set a “positive” rating on the stock in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.35.

Halliburton Price Performance

Shares of Halliburton stock traded up $0.05 on Tuesday, reaching $30.93. The company’s stock had a trading volume of 7,590,167 shares, compared to its average volume of 7,570,686. Halliburton has a 52-week low of $30.31 and a 52-week high of $43.85. The company has a market capitalization of $27.38 billion, a P/E ratio of 10.79, a PEG ratio of 1.12 and a beta of 1.93. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average price of $34.04 and a 200-day moving average price of $36.04.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The company had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.95 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Analysts expect that Halliburton will post 3.18 EPS for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Wednesday, June 5th. Halliburton’s payout ratio is 23.53%.

Insiders Place Their Bets

In other news, EVP Van H. Beckwith sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total value of $367,500.00. Following the transaction, the executive vice president now owns 273,908 shares in the company, valued at $10,066,119. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is owned by company insiders.

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.