Intrust Bank NA Has $487,000 Stake in Halliburton Company (HAL)

Intrust Bank NA lowered its stake in Halliburton Company (NYSE:HAL) by 31.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,594 shares of the oilfield services company’s stock after selling 4,764 shares during the period. Intrust Bank NA’s holdings in Halliburton were worth $487,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HAL. Perigon Wealth Management LLC increased its holdings in shares of Halliburton by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after buying an additional 17 shares during the period. Ledyard National Bank increased its holdings in shares of Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock worth $106,000 after buying an additional 150 shares during the period. Bbva Compass Bancshares Inc. increased its holdings in shares of Halliburton by 5.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock worth $115,000 after buying an additional 128 shares during the period. Independent Portfolio Consultants Inc. increased its holdings in Halliburton by 87.6% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after purchasing an additional 1,266 shares during the period. Finally, Estabrook Capital Management increased its holdings in Halliburton by 82.8% during the 2nd quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock valued at $118,000 after purchasing an additional 1,250 shares during the period. Hedge funds and other institutional investors own 79.94% of the company’s stock.

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In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the sale, the chairman now owns 490,143 shares of the company’s stock, valued at $21,419,249.10. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.

Halliburton Company (HAL) opened at $44.21 on Tuesday. The stock has a market capitalization of $38,897.88, a P/E ratio of 61.07, a P/E/G ratio of 4.82 and a beta of 1.05. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $58.78. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The business had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The firm’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 EPS. equities analysts anticipate that Halliburton Company will post 1.16 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be given a $0.18 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.72 annualized dividend and a yield of 1.63%. Halliburton’s dividend payout ratio (DPR) is presently 300.01%.

A number of brokerages recently issued reports on HAL. B. Riley restated a “buy” rating on shares of Halliburton in a report on Wednesday, November 1st. Piper Jaffray Companies set a $53.00 price target on Halliburton and gave the company a “buy” rating in a report on Monday, October 30th. Citigroup Inc. reduced their price target on Halliburton from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Scotiabank restated a “buy” rating and set a $52.00 price target on shares of Halliburton in a report on Wednesday, October 25th. Finally, Loop Capital restated a “buy” rating and set a $57.00 price target (down previously from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Halliburton presently has an average rating of “Buy” and an average target price of $57.55.

Halliburton Company Profile

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.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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