Greenleaf Trust lifted its holdings in Halliburton (NYSE:HAL – Get Rating) by 17.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,870 shares of the oilfield services company’s stock after buying an additional 2,027 shares during the quarter. Greenleaf Trust’s holdings in Halliburton were worth $546,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. EWG Elevate Inc. purchased a new stake in Halliburton in the fourth quarter worth $25,000. Worth Asset Management LLC purchased a new position in Halliburton in the 4th quarter worth about $27,000. Coston McIsaac & Partners bought a new stake in Halliburton during the 2nd quarter valued at about $28,000. Accurate Wealth Management LLC purchased a new stake in Halliburton in the 4th quarter valued at about $40,000. Finally, IMA Wealth Inc. grew its stake in Halliburton by 257.7% in the 2nd quarter. IMA Wealth Inc. now owns 1,073 shares of the oilfield services company’s stock worth $34,000 after acquiring an additional 773 shares in the last quarter. 80.56% of the stock is owned by institutional investors.
Halliburton Price Performance
Shares of NYSE HAL opened at $32.71 on Friday. Halliburton has a fifty-two week low of $23.30 and a fifty-two week high of $43.99. The company has a market cap of $29.57 billion, a PE ratio of 18.91, a P/E/G ratio of 0.26 and a beta of 2.11. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.50 and a current ratio of 2.05. The business has a 50-day simple moving average of $35.56 and a two-hundred day simple moving average of $35.48.
Halliburton Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 29th. Investors of record on Wednesday, March 1st were paid a $0.16 dividend. This is a positive change from Halliburton’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.96%. Halliburton’s dividend payout ratio (DPR) is 36.99%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Halliburton from $40.00 to $46.00 and gave the company a “buy” rating in a report on Monday, January 30th. Royal Bank of Canada raised their price target on Halliburton from $45.00 to $48.00 in a research note on Wednesday, January 25th. Susquehanna lowered their price objective on shares of Halliburton from $57.00 to $45.00 in a research note on Monday. HSBC raised their target price on shares of Halliburton from $43.90 to $57.00 and gave the company a “buy” rating in a research report on Monday, January 30th. Finally, Wells Fargo & Company upped their price target on shares of Halliburton from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 25th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and a consensus price target of $47.78.
Insiders Place Their Bets
In other news, Director Margaret Katherine Banks sold 2,769 shares of the stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $38.79, for a total value of $107,409.51. Following the transaction, the director now directly owns 11,856 shares of the company’s stock, valued at $459,894.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Van H. Beckwith sold 4,295 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $42.60, for a total transaction of $182,967.00. Following the completion of the transaction, the executive vice president now directly owns 245,731 shares in the company, valued at $10,468,140.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Margaret Katherine Banks sold 2,769 shares of the stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $38.79, for a total value of $107,409.51. Following the sale, the director now directly owns 11,856 shares in the company, valued at $459,894.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,557 shares of company stock valued at $471,939. 0.57% of the stock is owned by company insiders.
About Halliburton
Halliburton Co engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the Completion and Production, and Drilling and Evaluation segments. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services.
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