Halliburton (NYSE:HAL) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its position in Halliburton (NYSE:HAL) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,760 shares of the oilfield services company’s stock after acquiring an additional 401 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Halliburton were worth $895,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HAL. Skylands Capital LLC lifted its holdings in Halliburton by 10.0% during the 4th quarter. Skylands Capital LLC now owns 81,450 shares of the oilfield services company’s stock worth $2,944,000 after buying an additional 7,400 shares in the last quarter. Mather Group LLC. grew its stake in shares of Halliburton by 12.0% in the fourth quarter. Mather Group LLC. now owns 10,262 shares of the oilfield services company’s stock worth $371,000 after acquiring an additional 1,101 shares in the last quarter. Stonebrook Private Inc. acquired a new position in shares of Halliburton in the fourth quarter worth $632,000. Consolidated Planning Corp grew its stake in shares of Halliburton by 9.6% in the fourth quarter. Consolidated Planning Corp now owns 56,434 shares of the oilfield services company’s stock worth $2,040,000 after acquiring an additional 4,960 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in shares of Halliburton in the fourth quarter worth $425,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity at Halliburton

In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction 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 $339,762.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Halliburton Price Performance

Shares of HAL opened at $36.73 on Friday. Halliburton has a 1-year low of $27.84 and a 1-year high of $43.85. The stock has a market cap of $32.52 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.93 and a beta of 2.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.12 and a quick ratio of 1.52. The firm has a fifty day moving average price of $38.08 and a 200 day moving average price of $37.23.

Halliburton (NYSE:HAL) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $5.67 billion. During the same period in the previous year, the company earned $0.72 earnings per share. Halliburton’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Halliburton will post 3.39 EPS for the current year.

Wall Street Analysts Forecast Growth

HAL has been the subject of several research reports. Citigroup boosted their price target on shares of Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Barclays dropped their price target 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. Wells Fargo & Company decreased their price objective on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. Benchmark reaffirmed a “buy” rating and set a $45.00 price objective on shares of Halliburton in a research report on Wednesday, April 24th. Finally, Morgan Stanley lifted their price objective on shares of Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and an average target price of $48.59.

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.