69,469 Shares in Halliburton Company $HAL Acquired by Caprock Group LLC

Caprock Group LLC acquired a new position in shares of Halliburton Company (NYSE:HAL) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 69,469 shares of the oilfield services company’s stock, valued at approximately $1,579,000.

Several other institutional investors and hedge funds also recently modified their holdings of HAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Halliburton by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock valued at $2,353,000 after buying an additional 6,507 shares during the last quarter. Woodline Partners LP increased its stake in Halliburton by 39.0% in the first quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock valued at $1,861,000 after purchasing an additional 20,583 shares during the last quarter. Focus Partners Wealth lifted its position in Halliburton by 25.0% during the first quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock worth $1,320,000 after buying an additional 10,408 shares during the period. Intech Investment Management LLC grew its holdings in Halliburton by 309.1% in the 1st quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock valued at $1,749,000 after buying an additional 52,092 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Halliburton in the 1st quarter valued at about $895,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

HAL has been the subject of several research reports. Barclays boosted their price objective on shares of Halliburton from $25.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 16th. Susquehanna raised their price target on shares of Halliburton from $36.00 to $40.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Royal Bank Of Canada boosted their price objective on shares of Halliburton from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Rothschild & Co Redburn set a $35.00 target price on shares of Halliburton in a research note on Monday, November 3rd. Finally, HSBC set a $30.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.95.

Halliburton Stock Down 1.0%

Shares of Halliburton stock opened at $33.95 on Friday. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $35.55. The company has a market capitalization of $28.44 billion, a PE ratio of 22.49, a P/E/G ratio of 2.04 and a beta of 0.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.04 and a quick ratio of 1.51. The business has a 50-day moving average of $31.23 and a 200-day moving average of $26.55.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The firm had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter in the prior year, the business posted $0.73 earnings per share. Halliburton’s revenue for the quarter was up .8% on a year-over-year basis. As a group, equities analysts forecast that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 3rd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, December 3rd. Halliburton’s payout ratio is 45.03%.

Insider Activity at Halliburton

In other news, EVP Van H. Beckwith sold 54,348 shares of the company’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $34.96, for a total value of $1,900,006.08. Following the sale, the executive vice president owned 344,535 shares in the company, valued at approximately $12,044,943.60. This represents a 13.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Allen Miller sold 171,200 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $34.96, for a total transaction of $5,985,152.00. Following the transaction, the chief executive officer directly owned 1,101,243 shares in the company, valued at $38,499,455.28. The trade was a 13.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 337,002 shares of company stock valued at $11,445,938. Insiders own 0.56% of the company’s stock.

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.