5,105 Shares in Halliburton (NYSE:HAL) Acquired by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC purchased a new stake in Halliburton (NYSE:HALFree Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,105 shares of the oilfield services company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HAL. Norges Bank acquired a new position in Halliburton in the 4th quarter valued at approximately $400,070,000. Dimensional Fund Advisors LP increased its position in shares of Halliburton by 24.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,878,811 shares of the oilfield services company’s stock worth $284,822,000 after buying an additional 1,568,485 shares during the period. Wellington Management Group LLP increased its position in shares of Halliburton by 18.3% during the fourth quarter. Wellington Management Group LLP now owns 6,217,704 shares of the oilfield services company’s stock worth $224,770,000 after buying an additional 962,547 shares during the period. Jennison Associates LLC increased its position in shares of Halliburton by 51.2% during the fourth quarter. Jennison Associates LLC now owns 2,539,062 shares of the oilfield services company’s stock worth $91,787,000 after buying an additional 859,440 shares during the period. Finally, Sanders Capital LLC increased its position in shares of Halliburton by 3.4% during the fourth quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock worth $850,927,000 after buying an additional 782,093 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HAL has been the subject of several recent analyst reports. TD Cowen increased their price objective on shares of Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Benchmark reiterated a “buy” rating and set a $45.00 price objective on shares of Halliburton in a research report on Wednesday, April 24th. UBS Group increased their price objective on shares of Halliburton from $46.00 to $51.00 and gave the stock 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 note on Tuesday, April 23rd. Finally, Susquehanna reissued a “positive” rating and set a $49.00 target price on shares of Halliburton in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $48.75.

Get Our Latest Analysis on HAL

Halliburton Stock Up 0.6 %

Halliburton stock opened at $33.62 on Wednesday. Halliburton has a 1-year low of $32.35 and a 1-year high of $43.85. The firm has a market capitalization of $29.76 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 0.86 and a beta of 1.93. The firm’s fifty day moving average price is $35.79 and its two-hundred day moving average price is $36.33. 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 released 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 company 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 earned $0.72 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. On average, equities research analysts predict that Halliburton will post 3.37 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.02%. The ex-dividend date was Wednesday, June 5th. 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 business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $369,200.00. Following the transaction, the executive vice president now directly owns 283,908 shares in the company, valued at $10,481,883.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Halliburton news, insider Jeffrey Shannon Slocum sold 38,941 shares of Halliburton stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $1,437,701.72. Following the sale, the insider now owns 130,783 shares of the company’s stock, valued at $4,828,508.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total transaction of $369,200.00. Following the completion of the sale, the executive vice president now directly owns 283,908 shares in the company, valued at approximately $10,481,883.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,287 shares of company stock worth $1,930,704. 0.61% of the stock is owned by insiders.

Halliburton Profile

(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.

Further Reading

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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