Consolidated Planning Corp Acquires 4,960 Shares of Halliburton (NYSE:HAL)

Consolidated Planning Corp grew its holdings in Halliburton (NYSE:HAL) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,434 shares of the oilfield services company’s stock after acquiring an additional 4,960 shares during the quarter. Consolidated Planning Corp’s holdings in Halliburton were worth $2,040,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ancora Advisors LLC lifted its position in Halliburton by 443.8% during the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 719 shares during the period. Princeton Global Asset Management LLC bought a new stake in Halliburton during the fourth quarter worth about $36,000. Criterion Capital Advisors LLC bought a new stake in Halliburton during the fourth quarter worth about $37,000. Stone House Investment Management LLC bought a new stake in Halliburton during the fourth quarter worth about $38,000. Finally, Farmers & Merchants Investments Inc. lifted its position in Halliburton by 27.2% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company’s stock worth $50,000 after purchasing an additional 296 shares during the period. Institutional investors own 85.23% of the company’s stock.

Insiders Place Their Bets

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 stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the transaction, the director now directly owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the transaction, the director now directly owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the transaction, the chief executive officer now owns 759,015 shares in the company, valued at $26,793,229.50. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Halliburton Trading Down 0.5 %

NYSE:HAL traded down $0.18 on Friday, reaching $38.54. 5,056,558 shares of the stock traded hands, compared to its average volume of 5,718,629. The firm has a market capitalization of $34.12 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 1.00 and a beta of 2.00. The company’s 50 day moving average is $37.88 and its 200-day moving average is $37.39. The company has a current ratio of 2.12, a quick ratio of 1.48 and a debt-to-equity ratio of 0.79. Halliburton has a 1-year low of $27.84 and a 1-year high of $43.85.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. Equities research analysts anticipate that Halliburton will post 3.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on HAL shares. Susquehanna reissued a “positive” rating and set a $49.00 target price on shares of Halliburton in a research note on Monday, April 8th. Benchmark reissued a “buy” rating and set a $45.00 target price on shares of Halliburton in a research note on Wednesday. Citigroup boosted their target price on Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group boosted their target price on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, StockNews.com raised Halliburton from a “hold” rating to a “buy” rating in a research note on Monday, April 22nd. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $48.82.

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.