Alternative Investment Advisors LLC. Invests $1.33 Million in Halliburton Company $HAL

Alternative Investment Advisors LLC. acquired a new position in Halliburton Company (NYSE:HAL) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 54,046 shares of the oilfield services company’s stock, valued at approximately $1,330,000. Halliburton makes up about 0.6% of Alternative Investment Advisors LLC.’s holdings, making the stock its 19th largest holding.

A number of other large investors have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 worth $2,353,000 after purchasing an additional 6,507 shares in the last quarter. Woodline Partners LP lifted its stake in Halliburton by 39.0% in the 1st quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock valued at $1,861,000 after buying an additional 20,583 shares in the last quarter. Focus Partners Wealth lifted its stake in Halliburton by 25.0% in the 1st quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock valued at $1,320,000 after buying an additional 10,408 shares in the last quarter. Intech Investment Management LLC grew its holdings in Halliburton by 309.1% during 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 last quarter. Finally, Acadian Asset Management LLC purchased a new position in Halliburton during the first quarter worth $895,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HAL shares. TD Cowen boosted their price target on Halliburton from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. BMO Capital Markets lifted their price objective on Halliburton from $36.00 to $39.00 and gave the stock a “market perform” rating in a research report on Thursday, January 22nd. Susquehanna boosted their target price on shares of Halliburton from $36.00 to $40.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Argus upped their target price on shares of Halliburton from $31.00 to $39.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $35.00 price target on shares of Halliburton in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.38.

Halliburton Price Performance

HAL stock opened at $36.22 on Thursday. The stock has a market capitalization of $30.33 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 2.12 and a beta of 0.73. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $37.03. The stock’s fifty day simple moving average is $34.19 and its 200-day simple moving average is $28.73.

Halliburton (NYSE:HAL) last released its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the prior year, the business posted $0.73 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Equities research analysts expect that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. Halliburton’s dividend payout ratio is currently 45.03%.

Insider Buying and Selling at Halliburton

In related news, CEO Jeffrey Allen Miller sold 171,200 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $34.96, for a total value of $5,985,152.00. Following the sale, the chief executive officer directly owned 1,101,243 shares of the company’s stock, valued at approximately $38,499,455.28. This trade represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lawrence J. Pope sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $32.25, for a total transaction of $3,225,000.00. Following the completion of the sale, the executive vice president owned 419,800 shares of the company’s stock, valued at approximately $13,538,550. The trade was a 19.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 357,053 shares of company stock worth $12,178,682. 0.56% of the stock is currently owned by insiders.

Halliburton 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.