Park National Corp OH Has $11.91 Million Holdings in Halliburton (NYSE:HAL)

Park National Corp OH lessened its stake in Halliburton (NYSE:HAL) by 3.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 302,143 shares of the oilfield services company’s stock after selling 9,832 shares during the quarter. Park National Corp OH’s holdings in Halliburton were worth $11,910,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in Halliburton by 19.1% in the 4th quarter. Franklin Resources Inc. now owns 1,179,579 shares of the oilfield services company’s stock valued at $42,642,000 after acquiring an additional 189,324 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Halliburton by 271.0% during the 4th quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company’s stock worth $27,781,000 after buying an additional 561,020 shares during the period. Cerity Partners LLC grew its position in shares of Halliburton by 69.5% during the 4th quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock worth $7,472,000 after buying an additional 84,771 shares during the period. KLCM Advisors Inc. grew its position in shares of Halliburton by 6.9% during the 4th quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company’s stock worth $17,722,000 after buying an additional 31,534 shares during the period. Finally, Vontobel Holding Ltd. grew its position in shares of Halliburton by 65.4% during the 4th quarter. Vontobel Holding Ltd. now owns 57,920 shares of the oilfield services company’s stock worth $2,094,000 after buying an additional 22,906 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HAL. Benchmark reiterated a “buy” rating and set a $45.00 price target on shares of Halliburton in a research report on Wednesday, April 24th. Susquehanna reiterated a “positive” rating and set a $49.00 price target on shares of Halliburton in a research report on Monday, April 8th. TD Cowen lifted their price target on shares of Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company lowered their price target on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. Finally, Citigroup lifted their price objective on shares of Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.06.

Halliburton Stock Down 0.5 %

HAL traded down $0.18 during trading on Tuesday, reaching $33.23. The company had a trading volume of 6,808,703 shares, compared to its average volume of 6,768,354. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.12 and a quick ratio of 1.52. Halliburton has a 12 month low of $30.04 and a 12 month high of $43.85. The business’s fifty day moving average price is $36.95 and its 200 day moving average price is $36.47. The company has a market cap of $29.42 billion, a P/E ratio of 11.56, a PEG ratio of 0.84 and a beta of 1.93.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The firm had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.67 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Equities analysts anticipate that Halliburton will post 3.39 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be given a $0.17 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.05%. Halliburton’s payout ratio is presently 23.53%.

Insider Activity

In other news, SVP Jill D. Sharp sold 3,346 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total value of $123,802.00. Following the completion of the sale, the senior vice president now owns 40,185 shares of the company’s stock, valued at $1,486,845. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Van H. Beckwith sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $369,200.00. Following the completion of the sale, the executive vice president now owns 283,908 shares of the company’s stock, valued at $10,481,883.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jill D. Sharp sold 3,346 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total transaction of $123,802.00. Following the sale, the senior vice president now directly owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,287 shares of company stock valued at $1,930,704. 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.