Vontobel Holding Ltd. Acquires 22,906 Shares of Halliburton (NYSE:HAL)

Vontobel Holding Ltd. boosted its stake in Halliburton (NYSE:HAL) by 65.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,920 shares of the oilfield services company’s stock after buying an additional 22,906 shares during the quarter. Vontobel Holding Ltd.’s holdings in Halliburton were worth $2,094,000 at the end of the most recent quarter.

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

Insider Transactions at Halliburton

In other 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 transaction of $13,308,100.00. Following the completion of the transaction, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the stock in a transaction that occurred 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 owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Margaret Katherine Banks sold 5,000 shares of the 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 disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HAL. TD Cowen raised their target price on Halliburton from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. UBS Group upped their price target on Halliburton from $44.00 to $48.00 in a research note on Monday, January 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Halliburton in a research note on Wednesday, January 24th. Atb Cap Markets cut Halliburton from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 22nd. Finally, Raymond James lowered their price target on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Two investment 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.53.

Halliburton Price Performance

NYSE HAL opened at $38.65 on Friday. The business has a 50 day simple moving average of $37.39 and a 200 day simple moving average of $37.42. Halliburton has a 52-week low of $27.84 and a 52-week high of $43.85. 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 stock has a market cap of $34.26 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 0.98 and a beta of 2.00.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 net margin of 11.46% and a return on equity of 31.59%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS. Analysts anticipate that Halliburton will post 3.42 earnings per share for the current fiscal year.

Halliburton Increases Dividend

The firm 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 1.76%. The ex-dividend date of this dividend was Tuesday, March 5th. Halliburton’s dividend payout ratio (DPR) is currently 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.