Halliburton (NYSE:HAL) Shares Purchased by Cwm LLC

Cwm LLC boosted its position in Halliburton (NYSE:HAL) by 4.9% during the 4th quarter, Holdings Channel reports. The fund owned 24,391 shares of the oilfield services company’s stock after acquiring an additional 1,138 shares during the quarter. Cwm LLC’s holdings in Halliburton were worth $882,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp raised its holdings in Halliburton by 3.0% in the third quarter. Northern Trust Corp now owns 9,202,160 shares of the oilfield services company’s stock valued at $372,687,000 after acquiring an additional 265,680 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Halliburton by 5.3% in the third quarter. Bank of New York Mellon Corp now owns 8,871,178 shares of the oilfield services company’s stock valued at $359,283,000 after acquiring an additional 448,548 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Halliburton by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,291,276 shares of the oilfield services company’s stock valued at $214,297,000 after acquiring an additional 44,188 shares in the last quarter. Raymond James & Associates raised its holdings in Halliburton by 0.6% in the third quarter. Raymond James & Associates now owns 3,841,843 shares of the oilfield services company’s stock valued at $155,595,000 after acquiring an additional 23,394 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Halliburton by 1.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,342,520 shares of the oilfield services company’s stock valued at $135,372,000 after purchasing an additional 44,901 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity at Halliburton

In related news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction 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 transaction, the director now directly owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction 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 directly owns 759,015 shares in the company, valued at approximately $26,793,229.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction 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. 0.61% of the stock is currently owned by insiders.

Halliburton Stock Performance

Shares of HAL opened at $38.54 on Monday. The company has a current ratio of 2.12, a quick ratio of 1.48 and a debt-to-equity ratio of 0.79. The firm has a market cap of $34.12 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.99 and a beta of 2.00. The company’s 50 day simple moving average is $37.88 and its 200-day simple moving average is $37.33. Halliburton has a 12-month low of $27.84 and a 12-month high of $43.85.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same period last year, the firm posted $0.72 EPS. Halliburton’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities analysts predict that Halliburton will post 3.4 EPS for the current year.

Analyst Upgrades and Downgrades

HAL has been the topic of several recent analyst reports. Barclays dropped their price target on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Citigroup increased their price target on shares of Halliburton from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Benchmark reiterated a “buy” rating and issued a $45.00 price target on shares of Halliburton in a research note on Wednesday, April 24th. The Goldman Sachs Group increased their price target on shares of Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. Finally, StockNews.com upgraded shares of Halliburton from a “hold” rating to a “buy” rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Halliburton presently has an average rating of “Buy” and an average target price of $48.82.

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.