Raymond James & Associates Has $156.06 Million Stock Position in Halliburton (NYSE:HAL)

Raymond James & Associates lifted its holdings in shares of Halliburton (NYSE:HAL) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,959,002 shares of the oilfield services company’s stock after purchasing an additional 135,832 shares during the period. Raymond James & Associates’ holdings in Halliburton were worth $156,064,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. CX Institutional acquired a new position in Halliburton during the 3rd quarter worth about $344,000. Valeo Financial Advisors LLC acquired a new position in shares of Halliburton in the third quarter worth approximately $360,000. Compagnie Lombard Odier SCmA boosted its holdings in Halliburton by 18.4% in the third quarter. Compagnie Lombard Odier SCmA now owns 10,062 shares of the oilfield services company’s stock valued at $408,000 after acquiring an additional 1,562 shares during the last quarter. Arcadia Investment Management Corp MI increased its position in Halliburton by 0.7% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 37,010 shares of the oilfield services company’s stock valued at $1,499,000 after purchasing an additional 250 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in Halliburton by 106.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 185,217 shares of the oilfield services company’s stock valued at $7,501,000 after purchasing an additional 95,487 shares during the period. Institutional investors own 85.23% of the company’s stock.

Insider Activity

In related news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 9,625 shares in the company, valued at $339,762.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Margaret Katherine Banks sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the transaction, the director now owns 9,625 shares in the company, valued at approximately $339,762.50. The sale 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 Halliburton stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of 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. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HAL shares. Barclays reduced their price objective 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. Wells Fargo & Company decreased their price target on Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday. Morgan Stanley boosted their price objective on Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $45.00 target price on shares of Halliburton in a research note on Wednesday, January 24th. Finally, Citigroup lifted their target price on Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $48.65.

Halliburton Stock Up 0.9 %

NYSE HAL traded up $0.34 during mid-day trading on Monday, hitting $38.89. The company’s stock had a trading volume of 3,938,427 shares, compared to its average volume of 7,077,958. The firm has a market capitalization of $34.42 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.99 and a beta of 2.00. The company’s 50 day simple moving average is $37.95 and its 200 day simple moving average is $37.31. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. Halliburton has a twelve month low of $27.84 and a twelve month high of $43.85.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $5.80 billion for 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 firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 EPS. Analysts anticipate that Halliburton will post 3.4 earnings per share for the current 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.