Halliburton (NYSE:HAL) Shares Acquired by ORG Partners LLC

ORG Partners LLC lifted its position in shares of Halliburton (NYSE:HAL) by 28.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,236 shares of the oilfield services company’s stock after purchasing an additional 941 shares during the period. ORG Partners LLC’s holdings in Halliburton were worth $153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. First Capital Advisors Group LLC. purchased a new position in shares of Halliburton during the second quarter worth about $26,000. Quarry LP purchased a new position in shares of Halliburton during the first quarter worth about $34,000. KB Financial Partners LLC purchased a new position in shares of Halliburton during the first quarter worth about $35,000. Ancora Advisors LLC boosted its holdings in Halliburton by 443.8% in the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock valued at $36,000 after purchasing an additional 719 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new stake in Halliburton in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Performance

Shares of Halliburton stock opened at $39.67 on Monday. The firm has a market cap of $35.16 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 0.99 and a beta of 2.00. Halliburton has a 1 year low of $27.84 and a 1 year high of $43.85. The firm’s 50-day simple moving average is $37.09 and its 200-day simple moving average is $37.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.48 and a current ratio of 2.06.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.78 billion. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. Halliburton’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. Equities analysts forecast that Halliburton will post 3.42 earnings per share for the current fiscal year.

Halliburton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a dividend of $0.17 per share. This is a positive change from Halliburton’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.68 annualized dividend and a yield of 1.71%. Halliburton’s dividend payout ratio is 23.21%.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on HAL shares. StockNews.com lowered Halliburton from a “buy” rating to a “hold” rating in a research note on Sunday. UBS Group boosted their price target on Halliburton from $44.00 to $48.00 in a report on Monday, January 22nd. Raymond James cut their price target on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Atb Cap Markets cut shares of Halliburton from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 22nd. Finally, TD Cowen boosted their price objective on shares of Halliburton from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.53.

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.