Guinness Asset Management LTD Sells 58,347 Shares of Halliburton (NYSE:HAL)

Guinness Asset Management LTD lessened its position in shares of Halliburton (NYSE:HAL) by 14.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 354,183 shares of the oilfield services company’s stock after selling 58,347 shares during the period. Guinness Asset Management LTD’s holdings in Halliburton were worth $10,254,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its holdings in Halliburton by 2.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after purchasing an additional 295 shares during the period. Massachusetts Wealth Management increased its stake in Halliburton by 1.7% during the 1st quarter. Massachusetts Wealth Management now owns 18,325 shares of the oilfield services company’s stock worth $722,000 after acquiring an additional 300 shares during the period. Beacon Capital Management LLC raised its holdings in Halliburton by 28.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after acquiring an additional 309 shares in the last quarter. Guinness Atkinson Asset Management Inc lifted its position in shares of Halliburton by 3.1% during the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock valued at $366,000 after acquiring an additional 330 shares during the period. Finally, Moody National Bank Trust Division grew its holdings in shares of Halliburton by 2.9% during the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock worth $400,000 after purchasing an additional 336 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Buying and Selling

In related news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $36.75, for a total transaction 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by insiders.

Halliburton Trading Up 0.3 %

Shares of Halliburton stock traded up $0.09 during midday trading on Friday, reaching $30.82. The company had a trading volume of 4,922,029 shares, compared to its average volume of 7,890,814. The stock has a fifty day moving average price of $30.17 and a 200 day moving average price of $34.08. Halliburton has a fifty-two week low of $27.52 and a fifty-two week high of $43.85. The firm has a market cap of $27.21 billion, a PE ratio of 10.24, a P/E/G ratio of 1.04 and a beta of 1.88. 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 quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $5.83 billion during 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%. Halliburton’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 earnings per share. On average, equities analysts anticipate that Halliburton will post 3.13 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.21%. Halliburton’s payout ratio is 22.59%.

Wall Street Analyst Weigh In

HAL has been the subject of several recent analyst reports. UBS Group cut their price objective on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. TD Cowen decreased their price objective on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. BMO Capital Markets cut their target price on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday. Benchmark reiterated a “buy” rating and issued a $42.00 price target on shares of Halliburton in a research note on Monday, July 22nd. Finally, Citigroup dropped their price objective on Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.89.

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.