Janus Henderson Group PLC Has $2.87 Million Stock Holdings in Halliburton (NYSE:HAL)

Janus Henderson Group PLC raised its position in shares of Halliburton (NYSE:HAL) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,661 shares of the oilfield services company’s stock after purchasing an additional 2,013 shares during the period. Janus Henderson Group PLC’s holdings in Halliburton were worth $2,873,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. acquired a new position in shares of Halliburton during the fourth quarter worth $33,000. Sierra Ocean LLC acquired a new position in Halliburton in the 4th quarter worth about $36,000. Blume Capital Management Inc. raised its position in Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock valued at $44,000 after purchasing an additional 400 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in shares of Halliburton during the fourth quarter valued at about $52,000. Finally, Quent Capital LLC grew its holdings in shares of Halliburton by 261.1% during the fourth quarter. Quent Capital LLC now owns 2,246 shares of the oilfield services company’s stock worth $61,000 after purchasing an additional 1,624 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the transaction, the director now owns 10,551 shares in the company, valued at approximately $253,646.04. This represents a 26.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eric Carre sold 51,179 shares of Halliburton stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares in the company, valued at approximately $3,177,525. This represents a 28.71% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,576 shares of company stock worth $1,631,457. 0.56% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus lowered their price objective on Halliburton from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Hsbc Global Res upgraded Halliburton to a “hold” rating in a report on Wednesday, April 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $34.00 price objective on shares of Halliburton in a research note on Thursday, January 23rd. Citigroup decreased their target price on Halliburton from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, Susquehanna lowered their target price on Halliburton from $32.00 to $30.00 and set a “positive” rating for the company in a report on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.53.

Halliburton Stock Down 1.9%

HAL stock opened at $20.47 on Wednesday. The firm has a market capitalization of $17.60 billion, a PE ratio of 7.23, a P/E/G ratio of 3.79 and a beta of 1.19. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. Halliburton has a twelve month low of $18.72 and a twelve month high of $38.35. The stock’s 50 day moving average is $22.05 and its 200-day moving average is $25.81.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.28 billion. Sell-side analysts expect that Halliburton will post 2.64 EPS 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.