Halliburton (NYSE:HAL) Shares Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lifted its stake in Halliburton (NYSE:HAL) by 7.2% in the fourth quarter, HoldingsChannel reports. The firm owned 9,524 shares of the oilfield services company’s stock after purchasing an additional 640 shares during the period. Valeo Financial Advisors LLC’s holdings in Halliburton were worth $344,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Capital Advisors Group LLC. purchased a new stake in shares of Halliburton in the second quarter valued at $26,000. Ancora Advisors LLC grew its stake in Halliburton by 443.8% during the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock valued at $36,000 after acquiring an additional 719 shares in the last quarter. Ogorek Anthony Joseph NY ADV boosted its holdings in shares of Halliburton by 1,134.6% during the third quarter. Ogorek Anthony Joseph NY ADV now owns 1,000 shares of the oilfield services company’s stock worth $40,000 after purchasing an additional 919 shares during the period. Princeton Global Asset Management LLC purchased a new position in Halliburton during the fourth quarter valued at approximately $36,000. Finally, Live Oak Investment Partners acquired a new position in Halliburton in the 4th quarter valued at approximately $43,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on HAL. Raymond James lowered their target price on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Susquehanna restated a “positive” rating and set a $49.00 target price on shares of Halliburton in a research note on Monday, April 8th. UBS Group lifted their price target on Halliburton from $44.00 to $48.00 in a research report on Monday, January 22nd. StockNews.com cut Halliburton from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, TD Cowen boosted their price objective on shares of Halliburton from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.53.

Insider Buying and Selling at Halliburton

In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the business’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 transaction of $13,308,100.00. Following the completion of the sale, 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 SEC, which is available at this link. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the company’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 transaction of $176,500.00. Following the completion of the transaction, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 759,015 shares in the company, valued at $26,793,229.50. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Halliburton Price Performance

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

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. The firm had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.78 billion. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. On average, analysts expect that Halliburton will post 3.42 earnings per share for the current fiscal year.

Halliburton Increases Dividend

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

Halliburton 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.