GDS Wealth Management Has $8.93 Million Stock Position in Halliburton (NYSE:HAL)

GDS Wealth Management raised its holdings in Halliburton (NYSE:HAL) by 13.7% in the fourth quarter, Holdings Channel reports. The fund owned 247,009 shares of the oilfield services company’s stock after acquiring an additional 29,823 shares during the period. GDS Wealth Management’s holdings in Halliburton were worth $8,929,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ancora Advisors LLC grew its position in shares of Halliburton by 443.8% during the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 719 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in Halliburton during the fourth quarter worth about $36,000. Criterion Capital Advisors LLC acquired a new position in shares of Halliburton in the fourth quarter valued at approximately $37,000. Stone House Investment Management LLC acquired a new position in shares of Halliburton in the fourth quarter valued at approximately $38,000. Finally, Farmers & Merchants Investments Inc. increased its position in Halliburton by 27.2% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company’s stock valued at $50,000 after purchasing an additional 296 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Trading Up 1.2 %

Shares of NYSE:HAL traded up $0.44 during mid-day trading on Thursday, hitting $37.48. The stock had a trading volume of 5,880,147 shares, compared to its average volume of 6,940,814. The company has a market cap of $33.18 billion, a PE ratio of 12.97, a P/E/G ratio of 0.93 and a beta of 2.01. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. The company’s 50 day moving average is $38.21 and its 200-day moving average is $37.07. Halliburton has a 12-month low of $27.84 and a 12-month high of $43.85.

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 predict that Halliburton will post 3.39 EPS for the current year.

Insider Activity at Halliburton

In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s 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 sale, the chief executive officer now owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jill D. Sharp sold 3,346 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the completion of the transaction, the senior vice president now owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The disclosure for this sale can be found here. Over the last quarter, insiders sold 434,287 shares of company stock worth $15,415,304. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HAL. Citigroup raised their target price on Halliburton from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. UBS Group boosted their target price on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Susquehanna reiterated a “positive” rating and set a $49.00 price target on shares of Halliburton in a research note on Monday, April 8th. Barclays decreased their price target on Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $45.00 target price on shares of Halliburton in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $48.59.

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.