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

International Assets Investment Management LLC bought a new position in Halliburton (NYSE:HAL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 142,917 shares of the oilfield services company’s stock, valued at approximately $5,166,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ancora Advisors LLC increased 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 valued at $36,000 after acquiring an additional 719 shares during the period. Princeton Global Asset Management LLC purchased a new position in Halliburton during the 4th quarter valued at about $36,000. Farmers & Merchants Investments Inc. raised its position in Halliburton by 27.2% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company’s stock valued at $50,000 after purchasing an additional 296 shares during the last quarter. CVA Family Office LLC purchased a new stake in Halliburton in the 4th quarter worth approximately $58,000. Finally, First Financial Corp IN grew its position in shares of Halliburton by 191.0% in the 4th quarter. First Financial Corp IN now owns 2,037 shares of the oilfield services company’s stock worth $74,000 after buying an additional 1,337 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HAL shares. StockNews.com downgraded Halliburton from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. The Goldman Sachs Group raised their target price on shares of Halliburton from $46.00 to $48.00 in a research report on Tuesday, April 23rd. Morgan Stanley lifted their target price on shares of Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. TD Cowen increased their price target on shares of Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company cut their price objective on Halliburton from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.59.

Insider Transactions at Halliburton

In related news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 owns 9,625 shares of the company’s stock, valued at $339,762.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction 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 $339,762.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction dated 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 $26,793,229.50. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Halliburton Stock Up 0.8 %

Shares of NYSE:HAL opened at $37.20 on Wednesday. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The stock has a fifty day simple moving average of $38.16 and a two-hundred day simple moving average of $37.07. Halliburton has a 12-month low of $27.84 and a 12-month high of $43.85. The stock has a market capitalization of $32.93 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 0.93 and a beta of 2.01.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The firm had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. Halliburton’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, research analysts anticipate that Halliburton will post 3.39 earnings per share for the current fiscal year.

About Halliburton

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.