First Trust Advisors LP Increases Stock Position in Halliburton (NYSE:HAL)

First Trust Advisors LP grew its holdings in shares of Halliburton (NYSE:HALFree Report) by 54.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,074,663 shares of the oilfield services company’s stock after buying an additional 378,642 shares during the quarter. First Trust Advisors LP owned 0.12% of Halliburton worth $38,849,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Johnson Financial Group Inc. purchased a new stake in Halliburton in the 4th quarter worth about $33,000. Ancora Advisors LLC raised its position in Halliburton by 443.8% in the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 719 shares during the period. Princeton Global Asset Management LLC bought a new position in Halliburton in the 4th quarter worth about $36,000. First United Bank & Trust bought a new position in Halliburton in the 4th quarter worth about $36,000. Finally, Criterion Capital Advisors LLC bought a new position in Halliburton in the 4th quarter worth about $37,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HAL. Jefferies Financial Group upped their target price on shares of Halliburton from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Morgan Stanley increased their price objective 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. UBS Group increased their target price on shares of Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. The Goldman Sachs Group increased their target price on shares of Halliburton from $46.00 to $48.00 in a research report on Tuesday, April 23rd. Finally, Susquehanna reissued a “positive” rating and set a $49.00 target price on shares of Halliburton in a research report on Monday, April 8th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Halliburton currently has an average rating of “Buy” and a consensus price target of $49.06.

Get Our Latest Research Report on HAL

Halliburton Trading Up 0.8 %

NYSE HAL opened at $34.08 on Friday. The company has a fifty day simple moving average of $37.75 and a two-hundred day simple moving average of $36.63. The stock has a market cap of $30.17 billion, a P/E ratio of 11.79, a P/E/G ratio of 0.86 and a beta of 1.93. Halliburton has a 12-month low of $30.04 and a 12-month high of $43.85. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79.

Halliburton (NYSE:HALGet Free Report) 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 analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share. On average, analysts forecast that Halliburton will post 3.39 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.00%. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

Insider Buying and Selling

In related news, EVP Van H. Beckwith sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $369,200.00. Following the completion of the transaction, the executive vice president now owns 283,908 shares of the company’s stock, valued at $10,481,883.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Van H. Beckwith sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $369,200.00. Following the completion of the transaction, the executive vice president now owns 283,908 shares of the company’s stock, valued at $10,481,883.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey Shannon Slocum sold 38,941 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $1,437,701.72. Following the sale, the insider now owns 130,783 shares in the company, valued at approximately $4,828,508.36. The disclosure for this sale can be found here. Insiders sold a total of 52,287 shares of company stock valued at $1,930,704 over the last 90 days. Insiders own 0.61% of the company’s stock.

About Halliburton

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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