Halliburton (NYSE:HAL) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in Halliburton (NYSE:HAL) by 83.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,489 shares of the oilfield services company’s stock after purchasing an additional 9,300 shares during the period. Sequoia Financial Advisors LLC’s holdings in Halliburton were worth $741,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in Halliburton by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 18,691,333 shares of the oilfield services company’s stock valued at $590,048,000 after buying an additional 271,718 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Halliburton by 65.5% in the fourth quarter. Morgan Stanley now owns 17,217,776 shares of the oilfield services company’s stock valued at $677,520,000 after acquiring an additional 6,815,373 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Halliburton by 123.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 15,936,342 shares of the oilfield services company’s stock worth $627,088,000 after acquiring an additional 8,791,319 shares during the period. Norges Bank purchased a new position in Halliburton during the fourth quarter worth about $457,245,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Halliburton by 3.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,384,178 shares of the oilfield services company’s stock valued at $408,617,000 after purchasing an additional 384,016 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Trading Down 1.4 %

Shares of Halliburton stock opened at $39.10 on Tuesday. Halliburton has a 1 year low of $27.84 and a 1 year high of $43.85. 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 business has a 50 day moving average price of $37.18 and a 200 day moving average price of $37.42. The company has a market capitalization of $34.66 billion, a P/E ratio of 13.34, a P/E/G 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.78 billion. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. Sell-side analysts anticipate that Halliburton will post 3.42 EPS for the current fiscal year.

Halliburton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.17 per share. 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 dividend on an annualized basis and a dividend yield of 1.74%. Halliburton’s payout ratio is 23.21%.

Analyst Upgrades and Downgrades

HAL has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $45.00 target price on shares of Halliburton in a research note on Wednesday, January 24th. StockNews.com downgraded Halliburton from a “buy” rating to a “hold” rating in a report on Sunday. Atb Cap Markets cut shares of Halliburton from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 22nd. Barclays reduced their price objective on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. Finally, UBS Group upped their target price on shares of Halliburton from $44.00 to $48.00 in a research report on Monday, January 22nd. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $48.53.

Insider Activity

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 shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In related 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 directly owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the director now directly owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

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.