International Assets Investment Management LLC Invests $5.17 Million in Halliburton (NYSE:HAL)

International Assets Investment Management LLC bought a new position in Halliburton (NYSE:HAL) in the 4th quarter, Holdings Channel.com reports. The firm bought 142,917 shares of the oilfield services company’s stock, valued at approximately $5,166,000.

Several other institutional investors and hedge funds also recently modified their holdings of HAL. First Capital Advisors Group LLC. purchased a new stake in shares of Halliburton in the second quarter worth about $26,000. Quarry LP purchased a new stake in shares of Halliburton in the first quarter worth about $34,000. KB Financial Partners LLC purchased a new stake in shares of Halliburton in the first quarter worth about $35,000. Ancora Advisors LLC boosted its position in shares of Halliburton by 443.8% in the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after buying an additional 719 shares during the period. Finally, Princeton Global Asset Management LLC purchased a new position in Halliburton in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com downgraded Halliburton from a “buy” rating to a “hold” rating in a report on Sunday. Raymond James reduced 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. Susquehanna reissued a “positive” rating and issued a $49.00 price target on shares of Halliburton in a report on Monday, April 8th. TD Cowen increased their price target on Halliburton from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $45.00 price target on shares of Halliburton in a report on Wednesday, January 24th. Two 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $48.53.

Halliburton Stock Performance

Shares of NYSE HAL opened at $39.10 on Tuesday. The stock has a fifty day moving average price of $37.18 and a two-hundred day moving average price of $37.42. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.48 and a current ratio of 2.06. The firm has a market cap of $34.66 billion, a P/E ratio of 13.34, a PEG 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.

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

Halliburton Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, March 5th. This is a positive change from Halliburton’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.74%. Halliburton’s dividend payout ratio (DPR) is currently 23.21%.

Insider Transactions at Halliburton

In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was 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 approximately $26,793,229.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 9,625 shares of the company’s stock, valued at $339,762.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

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.