Wealth Enhancement Advisory Services LLC Purchases 9,181 Shares of Halliburton (NYSE:HAL)

Wealth Enhancement Advisory Services LLC grew its position in shares of Halliburton (NYSE:HALFree Report) by 15.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,658 shares of the oilfield services company’s stock after buying an additional 9,181 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Halliburton were worth $2,746,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in Halliburton during the first quarter worth $26,000. Johnson Financial Group Inc. purchased a new position in shares of Halliburton in the 4th quarter worth about $33,000. Princeton Global Asset Management LLC bought a new position in Halliburton during the fourth quarter valued at about $36,000. First United Bank & Trust purchased a new stake in Halliburton during the fourth quarter worth about $36,000. Finally, Criterion Capital Advisors LLC bought a new stake in Halliburton in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Trading Up 0.5 %

Shares of HAL stock opened at $33.78 on Thursday. The company has a market capitalization of $29.91 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 0.86 and a beta of 1.93. Halliburton has a 52-week low of $32.35 and a 52-week high of $43.85. The business’s fifty day moving average is $35.69 and its 200 day moving average is $36.32. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12.

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 the consensus estimate of $0.74 by $0.02. The firm had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 EPS. On average, equities research analysts anticipate that Halliburton will post 3.37 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Wednesday, June 5th. Halliburton’s payout ratio is 23.53%.

Insider Activity

In related news, insider Jeffrey Shannon Slocum sold 38,941 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 130,783 shares in the company, valued at $4,828,508.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jeffrey Shannon Slocum sold 38,941 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $1,437,701.72. Following the completion of the sale, the insider now owns 130,783 shares in the company, valued at approximately $4,828,508.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jill D. Sharp sold 3,346 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the transaction, the senior vice president now owns 40,185 shares in the company, valued at $1,486,845. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,287 shares of company stock worth $1,930,704. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HAL shares. StockNews.com downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley upped their price target on Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Benchmark reiterated a “buy” rating and set a $45.00 price target on shares of Halliburton in a research note on Wednesday, April 24th. Susquehanna reaffirmed a “positive” rating and set a $49.00 price objective on shares of Halliburton in a report on Monday, April 8th. Finally, Citigroup reduced their target price on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, June 28th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.75.

View Our Latest Report on HAL

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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