Cerity Partners LLC Has $7.47 Million Stock Holdings in Halliburton (NYSE:HAL)

Cerity Partners LLC grew its holdings in Halliburton (NYSE:HAL) by 69.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,692 shares of the oilfield services company’s stock after purchasing an additional 84,771 shares during the quarter. Cerity Partners LLC’s holdings in Halliburton were worth $7,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MCF Advisors LLC increased its position in Halliburton by 5.3% in the 3rd quarter. MCF Advisors LLC now owns 4,643 shares of the oilfield services company’s stock valued at $188,000 after buying an additional 232 shares in the last quarter. Arcadia Investment Management Corp MI increased its holdings in Halliburton by 0.7% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 37,010 shares of the oilfield services company’s stock worth $1,499,000 after purchasing an additional 250 shares in the last quarter. Nvwm LLC increased its holdings in Halliburton by 1.2% during the 3rd quarter. Nvwm LLC now owns 22,759 shares of the oilfield services company’s stock worth $922,000 after purchasing an additional 259 shares in the last quarter. Stratos Wealth Advisors LLC increased its holdings in Halliburton by 3.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 7,605 shares of the oilfield services company’s stock worth $308,000 after purchasing an additional 263 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its holdings in Halliburton by 2.3% during the 3rd quarter. Lake Street Advisors Group LLC now owns 11,972 shares of the oilfield services company’s stock worth $485,000 after purchasing an additional 268 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $45.00 price objective on shares of Halliburton in a report on Wednesday, January 24th. UBS Group boosted their price objective on Halliburton from $44.00 to $48.00 in a report on Monday, January 22nd. Barclays decreased their price objective on Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. StockNews.com lowered Halliburton from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Susquehanna reaffirmed a “positive” rating and issued a $49.00 target price on shares of Halliburton in a report on Monday, April 8th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.53.

Insider Activity at Halliburton

In related 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 value of $176,500.00. Following the transaction, the director now owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction 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 owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the stock in a transaction on Monday, March 4th. The stock was 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 approximately $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

Halliburton Price Performance

Halliburton stock opened at $39.10 on Tuesday. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.81. The business’s 50 day simple moving average is $37.18 and its 200 day simple moving average is $37.42. The company has a market cap of $34.66 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 0.99 and a beta of 2.00.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, January 23rd. The oilfield services company reported $0.86 EPS for the quarter, beating 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 business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.78 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. Halliburton’s revenue for the quarter was up 2.8% on a year-over-year basis. Sell-side analysts forecast that Halliburton will post 3.42 EPS for the current year.

Halliburton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.17 dividend. This is an increase from Halliburton’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, March 5th. This represents a $0.68 annualized dividend and a yield of 1.74%. Halliburton’s dividend payout ratio is presently 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.