Halliburton (NYSE:HAL) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lowered its stake in shares of Halliburton (NYSE:HAL) by 17.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,554 shares of the oilfield services company’s stock after selling 972 shares during the period. Geneos Wealth Management Inc.’s holdings in Halliburton were worth $165,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Capital Advisors Group LLC. purchased a new stake in shares of Halliburton during the second quarter worth about $26,000. Quarry LP purchased a new stake in Halliburton in the 1st quarter worth approximately $34,000. KB Financial Partners LLC purchased a new stake in Halliburton in the 1st quarter worth approximately $35,000. Ancora Advisors LLC lifted its stake 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 during the period. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Halliburton during the fourth quarter worth $36,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays dropped their target price on Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. StockNews.com cut shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Sunday. Atb Cap Markets downgraded shares of Halliburton from an “outperform” rating to a “sector perform” rating in a report on Friday, December 22nd. TD Cowen increased their price target on shares of Halliburton from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Finally, UBS Group boosted their price objective on shares of Halliburton from $44.00 to $48.00 in a research note on Monday, January 22nd. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and a consensus price target of $48.53.

Insider Activity at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the transaction, the director now directly owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton 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 sale, the director now directly owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the 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 transaction, the chief executive officer now owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Halliburton Trading Down 3.1 %

NYSE:HAL opened at $39.67 on Monday. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85. The business’s 50-day moving average is $37.09 and its two-hundred day moving average is $37.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.06 and a quick ratio of 1.48. The firm has a market capitalization 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 (NYSE:HAL) last released its quarterly earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.78 billion. During the same period in the previous year, the company posted $0.72 EPS. Halliburton’s revenue for the quarter was up 2.8% on a year-over-year basis. Research analysts predict that Halliburton will post 3.42 earnings per share for the current fiscal year.

Halliburton Increases Dividend

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

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.