Beck Bode LLC purchased a new position in Halliburton (NYSE:HAL – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 96,522 shares of the oilfield services company’s stock, valued at approximately $3,489,000.
Several other large investors have also modified their holdings of HAL. Northern Trust Corp increased its holdings in Halliburton by 3.0% in the 3rd quarter. Northern Trust Corp now owns 9,202,160 shares of the oilfield services company’s stock worth $372,687,000 after buying an additional 265,680 shares during the period. Bank of New York Mellon Corp lifted its position in Halliburton by 5.3% during the third quarter. Bank of New York Mellon Corp now owns 8,871,178 shares of the oilfield services company’s stock worth $359,283,000 after buying an additional 448,548 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Halliburton by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,291,276 shares of the oilfield services company’s stock valued at $214,297,000 after buying an additional 44,188 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Halliburton by 0.6% during the 3rd quarter. Raymond James & Associates now owns 3,841,843 shares of the oilfield services company’s stock worth $155,595,000 after acquiring an additional 23,394 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Halliburton by 1.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,342,520 shares of the oilfield services company’s stock valued at $135,372,000 after purchasing an additional 44,901 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. StockNews.com cut shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and set a $45.00 price target on shares of Halliburton in a report on Wednesday, January 24th. Benchmark reaffirmed a “buy” rating and issued a $45.00 target price on shares of Halliburton in a research report on Wednesday, April 24th. Citigroup boosted their price target on shares of Halliburton from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Morgan Stanley boosted their target price on Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $48.65.
Insider Activity at Halliburton
In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the sale, the director now owns 9,625 shares of the company’s stock, valued at $339,762.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the transaction, the director now owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.30, for a total value of $13,308,100.00. Following the sale, the chief executive officer now directly owns 759,015 shares in the company, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.
Halliburton Price Performance
NYSE HAL traded down $1.41 during mid-day trading on Tuesday, hitting $37.48. The stock had a trading volume of 7,440,545 shares, compared to its average volume of 7,082,327. The company has a market cap of $33.18 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 0.99 and a beta of 2.00. Halliburton has a 52-week low of $27.84 and a 52-week high of $43.85. The company has a 50 day simple moving average of $38.00 and a 200 day simple moving average of $37.28. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79.
Halliburton (NYSE:HAL – Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. Equities analysts forecast that Halliburton will post 3.4 EPS for the current fiscal year.
About Halliburton
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.