DJE Kapital AG acquired a new position in Halliburton Company (NYSE:HAL – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 284,103 shares of the oilfield services company’s stock, valued at approximately $11,414,000.
Several other institutional investors also recently modified their holdings of HAL. Nvest Wealth Strategies Inc. bought a new stake in shares of Halliburton during the fourth quarter valued at approximately $25,000. Kelleher Financial Advisors bought a new position in Halliburton in the third quarter worth $25,000. Newbridge Financial Services Group Inc. bought a new position in Halliburton in the second quarter worth $25,000. Zions Bancorporation National Association UT lifted its position in Halliburton by 196.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after purchasing an additional 650 shares during the period. Finally, Strive Asset Management LLC acquired a new stake in Halliburton during the third quarter worth $31,000. Institutional investors and hedge funds own 85.23% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on HAL. TD Cowen boosted their price target on shares of Halliburton from $40.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $43.00 price objective (up from $36.00) on shares of Halliburton in a report on Wednesday, April 22nd. Rothschild & Co Redburn lifted their target price on shares of Halliburton from $40.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Morgan Stanley set a $41.00 target price on shares of Halliburton in a research note on Wednesday, July 15th. Finally, Susquehanna dropped their price target on shares of Halliburton from $45.00 to $42.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th. Nineteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.27.
Insider Buying and Selling at Halliburton
In other Halliburton news, VP Timothy Mckeon sold 8,655 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $42.00, for a total transaction of $363,510.00. Following the sale, the vice president directly owned 72,976 shares of the company’s stock, valued at approximately $3,064,992. This represents a 10.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Van H. Beckwith sold 198,349 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the sale, the executive vice president directly owned 146,186 shares of the company’s stock, valued at approximately $6,036,019.94. The trade was a 57.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 258,255 shares of company stock worth $10,550,535 over the last ninety days. Company insiders own 0.57% of the company’s stock.
Halliburton Stock Performance
Shares of NYSE:HAL opened at $35.20 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54. The business’s fifty day moving average price is $37.61 and its two-hundred day moving average price is $36.38. Halliburton Company has a fifty-two week low of $20.17 and a fifty-two week high of $43.59. The stock has a market capitalization of $29.40 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 1.63 and a beta of 0.71.
Halliburton (NYSE:HAL – Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The company had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.37 billion. During the same period last year, the business earned $0.60 earnings per share. The business’s revenue was down .3% on a year-over-year basis. As a group, analysts predict that Halliburton Company will post 2.36 EPS for the current fiscal year.
Halliburton Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. Halliburton’s dividend payout ratio (DPR) is 37.36%.
About Halliburton
Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.
The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.
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