Harel Insurance Investments & Financial Services Ltd. downgraded. Its stake in Halliburton (NYSE: HAL – Get Rating) increased by 83.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The company owned 988 shares of the Oilfield Services Company after selling 5012 shares during the period. The property value of Harel Insurance Investments & Financial Services Ltd. Halliburton has $38,000 as of its most recent filing with the Securities and Exchange Commission.
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A number of other hedge funds have also recently made changes to their equity positions. EWG Elevate Inc. New location in Halliburton during the fourth quarter valued at approximately $25,000. Worth Asset Management LLC acquired a new position in Halliburton in the fourth quarter valued at $27,000. Coston McIsaac & Partners purchased a new stake in Halliburton during the second quarter for $28,000. Bogart Wealth LLC grew its holdings in Halliburton by 100.0% during the third quarter. Bogart Wealth LLC now owns 1,150 shares of the oilfield services company’s stock worth $28,000 after acquiring an additional 575 shares during this period. Finally, Hanseatic Management Services Inc increased its position in Halliburton shares by 74.1% in the third quarter. Hanseatic Management Services Inc. Now 1,266 shares of the oilfield services company’s stock value $31,000 after acquiring an additional 539 shares last quarter. 80.56% of the shares are currently held by institutional investors.
activity from within
And in related news, EVP Van H. Beckwith sold 4,295 shares of Halliburton stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $42.60, for a total transaction of $182,967.00. After the sale, the executive vice president now owns directly 245,731 shares of the company, valued at $10,468,140.60. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. In other Halliburton news, EVP Van H. Beckwith sold 4,295 shares of Halliburton stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $42.60, for a total value of $182,967.00. After the sale, the executive vice president now owns 245,731 shares of the company’s stock, valued at $10,468,140.60. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. Also, Director Margaret Katherine Banks sold 2,769 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $38.79, for a transaction total of $107,409.51. After completing the transaction, the manager now owns 11,856 shares of the company worth $459,894.24. Disclosure of this sale can be found here. Insiders have sold a total of 11,557 shares of the company’s stock worth $471,939 over the past three months. Corporate insiders own 0.57% of the company’s shares.
Halliburton Trading is down 1.1%
NYSE HAL opened at $32.71 on Friday. The company’s current ratio is 2.05, the quick ratio is 1.50 and the debt-to-equity ratio is 0.99. The business has a 50-day simple moving average of $35.40 and a 200-day simple moving average of $35.56. Halliburton has a 12-month low of $23.30 and a 12-month high of $43.99. The company has a market capitalization of $29.53 billion, a price-earnings ratio of 18.91, a price-earnings ratio of 0.25 and a beta version of 2.11.
Halliburton NYSE: HAL – Get Rating announced its most recent earnings results on Tuesday, January 24th. The oilfield services company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. Halliburton’s net margin was 7.74% and return on equity was 26.25%. The company had revenue of $5.58 billion for the quarter, compared to a consensus estimate of $5.59 billion. During the same quarter in the previous year, the company reported earnings of $0.92 per share. The company’s revenue for the third quarter was up 30.5% year-over-year. On average, analysts expect Halliburton to post 3.09 EPS for the current fiscal year.
Halliburton increases its dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 29th. A dividend was paid to shareholders of record on Wednesday, March 1st, in the amount of $0.16. This represents a dividend of $0.64 yoy and a dividend yield of 1.96%. The exclusion date from this dividend was Tuesday, February 28th. This is an increase from Halliburton’s previous quarterly dividend of $0.12. Halliburton’s compensation percentage is currently 36.99%.
Wall Street analyst forecasts for growth
Several equity research analysts have recently commented on the company. Barclays raised its price target on Halliburton from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 25th. Morgan Stanley boosted its price target for shares of Halliburton from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, January 4th. Susquehanna cut its price target for shares of Halliburton from $57.00 to $45.00 in a report on Monday, April 3rd. Wolfe Research upgraded shares of Halliburton from an “underperform” rating to an “outperform” rating and set a price target of $51.00 per share in a report on Thursday, January 12th. Finally, Benchmark restated the “buy” rating and issued a price target of $50.00 for Halliburton shares in a research note on Monday, April 3rd. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on MarketBeat data, Halliburton currently has an average rating of “Moderate Buy” and a price target of $48.12.
About Halliburton
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Halliburton Co. is engaged in providing services and products to the energy industry related to the exploration, development and production of oil and natural gas. It operates through the completions, production, drilling and appraisal segments. The Completion and Production Division provides cementation, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services.
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