Mutual of America Capital Management LLC Raises Stake in Halliburton (NYSE:HAL)

Mutual of America Capital Management LLC boosted its position in Halliburton (NYSE:HALGet Rating) by 1.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 119,918 shares of the oilfield services company’s stock after purchasing an additional 1,742 shares during the period. Mutual of America Capital Management LLC’s holdings in Halliburton were worth $4,541,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Modera Wealth Management LLC purchased a new stake in Halliburton in the fourth quarter valued at approximately $226,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Halliburton by 14.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 15,131 shares of the oilfield services company’s stock valued at $346,000 after acquiring an additional 1,894 shares during the period. Wedmont Private Capital lifted its holdings in Halliburton by 12.8% in the first quarter. Wedmont Private Capital now owns 11,867 shares of the oilfield services company’s stock valued at $460,000 after acquiring an additional 1,351 shares during the period. Emerald Advisers LLC acquired a new position in Halliburton in the first quarter valued at approximately $436,000. Finally, Samalin Investment Counsel LLC lifted its holdings in Halliburton by 12.0% in the fourth quarter. Samalin Investment Counsel LLC now owns 20,353 shares of the oilfield services company’s stock valued at $465,000 after acquiring an additional 2,181 shares during the period. Hedge funds and other institutional investors own 79.17% of the company’s stock.

Insider Activity at Halliburton

In related news, EVP Lawrence J. Pope sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $39.95, for a total value of $399,500.00. Following the completion of the transaction, the executive vice president now directly owns 283,342 shares of the company’s stock, valued at $11,319,512.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Lawrence J. Pope sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $39.95, for a total value of $399,500.00. Following the completion of the sale, the executive vice president now directly owns 283,342 shares of the company’s stock, valued at $11,319,512.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joe D. Rainey sold 20,000 shares of the stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $42.73, for a total value of $854,600.00. Following the sale, the insider now directly owns 310,014 shares of the company’s stock, valued at $13,246,898.22. The disclosure for this sale can be found here. Insiders sold 40,000 shares of company stock valued at $1,663,600 over the last three months. 0.57% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HAL shares. ATB Capital lifted their price target on shares of Halliburton to $46.50 in a research note on Friday. StockNews.com lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Barclays upped their price target on shares of Halliburton from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 8th. Stephens lowered their price objective on Halliburton to $32.00 in a report on Friday. Finally, Citigroup increased their target price on Halliburton from $44.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 20th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and a consensus target price of $39.53.

Halliburton Stock Performance

NYSE:HAL opened at $28.42 on Tuesday. The firm has a market capitalization of $25.63 billion, a PE ratio of 17.87 and a beta of 2.30. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.15 and a quick ratio of 1.60. The business’s fifty day moving average price is $34.29 and its 200 day moving average price is $34.47. Halliburton has a 12 month low of $17.82 and a 12 month high of $43.99.

Halliburton (NYSE:HALGet Rating) last issued its earnings results on Tuesday, July 19th. The oilfield services company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. The business had revenue of $5.07 billion for the quarter, compared to analyst estimates of $4.71 billion. Halliburton had a return on equity of 19.91% and a net margin of 8.19%. The business’s quarterly revenue was up 36.9% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. On average, sell-side analysts anticipate that Halliburton will post 2.01 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 22nd. Investors of record on Wednesday, June 1st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Tuesday, May 31st. Halliburton’s dividend payout ratio (DPR) is 30.19%.

Halliburton Company Profile

(Get Rating)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

See Also

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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