Wharton Business Group LLC cut its position in shares of Halliburton Company (NYSE:HAL) by 3.2% during the first quarter, Holdings Channel reports. The institutional investor owned 35,185 shares of the oilfield services company’s stock after selling 1,150 shares during the period. Wharton Business Group LLC’s holdings in Halliburton Company were worth $1,731,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Israel Discount Bank of New York GFN purchased a new stake in shares of Halliburton Company during the fourth quarter worth $100,000. Independent Advisor Alliance purchased a new stake in shares of Halliburton Company during the fourth quarter worth $101,000. Perigon Wealth Management LLC purchased a new stake in shares of Halliburton Company during the fourth quarter worth $109,000. Ledyard National Bank boosted its stake in shares of Halliburton Company by 1.1% in the first quarter. Ledyard National Bank now owns 2,319 shares of the oilfield services company’s stock worth $114,000 after buying an additional 25 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in shares of Halliburton Company during the fourth quarter worth $117,000. Institutional investors own 79.44% of the company’s stock.

Institutional Ownership by Quarter for Halliburton Company (NYSE:HAL)

Shares of Halliburton Company (NYSE:HAL) opened at 44.27 on Friday. The stock has a 50 day moving average price of $45.62 and a 200 day moving average price of $51.03. Halliburton Company has a 12-month low of $40.12 and a 12-month high of $58.78. The stock’s market capitalization is $38.42 billion.

Halliburton Company (NYSE:HAL) last posted its quarterly earnings results on Monday, April 24th. The oilfield services company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. Halliburton Company had a negative return on equity of 0.48% and a negative net margin of 21.19%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.07 earnings per share. On average, equities analysts anticipate that Halliburton Company will post $0.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. Investors of record on Wednesday, June 7th will be paid a $0.18 dividend. The ex-dividend date is Monday, June 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.63%. Halliburton Company’s dividend payout ratio (DPR) is -18.32%.

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A number of equities research analysts have recently weighed in on HAL shares. Vetr raised Halliburton Company from a “buy” rating to a “strong-buy” rating and set a $62.72 price objective for the company in a research note on Monday, February 20th. FBR & Co lifted their price objective on Halliburton Company from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Zacks Investment Research cut Halliburton Company from a “buy” rating to a “hold” rating in a research note on Wednesday, March 8th. Citigroup Inc. reaffirmed an “overweight” rating and issued a $64.00 price objective (up from $63.00) on shares of Halliburton Company in a research note on Saturday, March 11th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Halliburton Company in a research note on Wednesday, March 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. Halliburton Company has a consensus rating of “Buy” and a consensus price target of $61.13.

In other news, Director William E. Albrecht purchased 8,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was acquired at an average cost of $46.33 per share, for a total transaction of $370,640.00. Following the completion of the purchase, the director now owns 8,000 shares of the company’s stock, valued at $370,640. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey Allen Miller sold 725 shares of Halliburton Company stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $50.28, for a total value of $36,453.00. Following the completion of the transaction, the director now owns 299,777 shares of the company’s stock, valued at $15,072,787.56. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by company insiders.

About Halliburton Company

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

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