Private Advisor Group LLC acquired a new stake in shares of Halliburton (NYSE:HAL – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 52,298 shares of the oilfield services company’s stock, valued at approximately $1,655,000.
A number of other hedge funds have also bought and sold shares of the company. Toroso Investments LLC increased its position in Halliburton by 3.3% during the third quarter. Toroso Investments LLC now owns 10,443 shares of the oilfield services company’s stock valued at $257,000 after acquiring an additional 334 shares during the last quarter. Birmingham Capital Management Co. Inc. AL boosted its stake in shares of Halliburton by 0.4% during the fourth quarter. Birmingham Capital Management Co. Inc. AL now owns 83,770 shares of the oilfield services company’s stock valued at $3,296,000 after purchasing an additional 338 shares during the period. West Oak Capital LLC boosted its stake in shares of Halliburton by 21.2% during the first quarter. West Oak Capital LLC now owns 2,000 shares of the oilfield services company’s stock valued at $63,000 after purchasing an additional 350 shares during the period. Harrell Investment Partners LLC boosted its stake in shares of Halliburton by 1.9% during the fourth quarter. Harrell Investment Partners LLC now owns 19,186 shares of the oilfield services company’s stock valued at $755,000 after purchasing an additional 358 shares during the period. Finally, Leisure Capital Management boosted its stake in shares of Halliburton by 1.3% during the first quarter. Leisure Capital Management now owns 27,812 shares of the oilfield services company’s stock valued at $880,000 after purchasing an additional 365 shares during the period. Institutional investors own 84.79% of the company’s stock.
Insider Activity
In other news, VP Timothy Mckeon sold 3,952 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $40.00, for a total transaction of $158,080.00. Following the transaction, the vice president now owns 53,803 shares in the company, valued at $2,152,120. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Timothy Mckeon sold 3,952 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $40.00, for a total value of $158,080.00. Following the transaction, the vice president now owns 53,803 shares in the company, valued at approximately $2,152,120. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Eric Carre sold 66,589 shares of the stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $35.00, for a total transaction of $2,330,615.00. Following the completion of the transaction, the chief financial officer now owns 128,619 shares in the company, valued at approximately $4,501,665. The disclosure for this sale can be found here. Insiders have sold a total of 187,266 shares of company stock worth $7,133,323 over the last 90 days. 0.60% of the stock is currently owned by corporate insiders.
Halliburton Stock Performance
Halliburton (NYSE:HAL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 19th. The oilfield services company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. Halliburton had a net margin of 10.98% and a return on equity of 31.01%. The firm had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. Research analysts expect that Halliburton will post 3.04 EPS for the current fiscal year.
Halliburton Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.16 per share. The ex-dividend date is Tuesday, September 5th. This represents a $0.64 annualized dividend and a dividend yield of 1.68%. Halliburton’s dividend payout ratio (DPR) is currently 23.53%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on HAL shares. JPMorgan Chase & Co. lowered their target price on shares of Halliburton from $50.00 to $45.00 in a research note on Thursday, July 20th. StockNews.com started coverage on shares of Halliburton in a research note on Thursday, August 17th. They set a “hold” rating for the company. HSBC lowered their target price on shares of Halliburton from $57.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Capital One Financial began coverage on shares of Halliburton in a research note on Wednesday, June 7th. They issued an “overweight” rating and a $41.00 price objective for the company. Finally, Stifel Nicolaus lowered their price objective on shares of Halliburton from $49.00 to $48.00 in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $47.79.
Check Out Our Latest Analysis on Halliburton
About Halliburton
Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.
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