Atria Wealth Solutions Inc. Sells 9,642 Shares of Halliburton Company (NYSE:HAL)

Atria Wealth Solutions Inc. lessened its position in Halliburton Company (NYSE:HAL) by 47.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,728 shares of the oilfield services company’s stock after selling 9,642 shares during the period. Atria Wealth Solutions Inc.’s holdings in Halliburton were worth $272,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. ORG Partners LLC increased its stake in Halliburton by 13,675.2% in the first quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company’s stock valued at $440,000 after purchasing an additional 17,094 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Halliburton by 33.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company’s stock valued at $4,047,000 after purchasing an additional 40,109 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in Halliburton by 22.9% in the first quarter. Concurrent Investment Advisors LLC now owns 128,351 shares of the oilfield services company’s stock valued at $3,256,000 after purchasing an additional 23,887 shares in the last quarter. Principal Financial Group Inc. increased its stake in Halliburton by 2.5% in the first quarter. Principal Financial Group Inc. now owns 2,780,057 shares of the oilfield services company’s stock valued at $70,530,000 after purchasing an additional 67,704 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Halliburton by 754.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 824,549 shares of the oilfield services company’s stock valued at $20,671,000 after purchasing an additional 728,059 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on HAL shares. UBS Group lowered their target price on shares of Halliburton from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Piper Sandler downgraded shares of Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research report on Monday, July 28th. Susquehanna cut their price objective on shares of Halliburton from $30.00 to $27.00 and set a “positive” rating on the stock in a research report on Wednesday, July 23rd. Stifel Nicolaus lowered their target price on Halliburton from $31.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada lowered their target price on Halliburton from $28.00 to $24.00 and set a “sector perform” rating for the company in a report on Wednesday, July 23rd. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.00.

Halliburton Stock Down 1.0%

Halliburton stock opened at $21.13 on Friday. The company has a market cap of $18.02 billion, a P/E ratio of 9.87, a price-to-earnings-growth ratio of 3.73 and a beta of 1.12. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $32.57. The company has a fifty day simple moving average of $21.67 and a 200 day simple moving average of $22.55. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The company had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter last year, the firm posted $0.80 EPS. The company’s quarterly revenue was down 5.5% on a year-over-year basis. Research analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 3rd. Halliburton’s dividend payout ratio (DPR) is 31.78%.

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.