Halliburton (NYSE:HAL) Stock Position Lowered by Dover Advisors LLC

Dover Advisors LLC lessened its position in Halliburton (NYSE:HAL) by 32.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,239 shares of the oilfield services company’s stock after selling 4,349 shares during the quarter. Dover Advisors LLC’s holdings in Halliburton were worth $334,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Ancora Advisors LLC lifted its position in Halliburton by 443.8% in the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after buying an additional 719 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in Halliburton in the 4th quarter worth approximately $36,000. Criterion Capital Advisors LLC acquired a new position in shares of Halliburton during the 4th quarter worth $37,000. Stone House Investment Management LLC acquired a new position in shares of Halliburton during the 4th quarter worth $38,000. Finally, Farmers & Merchants Investments Inc. increased its stake in shares of Halliburton by 27.2% during the 4th 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 last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Transactions at Halliburton

In other news, Director Margaret Katherine Banks sold 5,000 shares of the firm’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 directly owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton 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 directly owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the transaction, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HAL shares. UBS Group increased their price target on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Barclays dropped their price target on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. The Goldman Sachs Group increased their price target on shares of Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. Morgan Stanley raised their target price on shares of Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Finally, StockNews.com upgraded shares of Halliburton from a “hold” rating to a “buy” rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $48.82.

Halliburton Stock Performance

Halliburton stock traded down $0.18 during mid-day trading on Friday, reaching $38.54. The company had a trading volume of 5,056,558 shares, compared to its average volume of 5,718,629. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. Halliburton has a 52 week low of $27.84 and a 52 week high of $43.85. The company has a 50 day moving average of $37.88 and a 200-day moving average of $37.33. The firm has a market cap of $34.12 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 0.99 and a beta of 2.00.

Halliburton (NYSE:HAL) last issued its quarterly 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 firm 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 business’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. On average, sell-side analysts expect that Halliburton will post 3.4 EPS for the current fiscal year.

Halliburton Company Profile

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.