Halliburton Company $HAL Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management increased its holdings in Halliburton Company (NYSE:HAL) by 23.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,950 shares of the oilfield services company’s stock after purchasing an additional 16,797 shares during the quarter. Ritholtz Wealth Management’s holdings in Halliburton were worth $2,514,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Apollon Wealth Management LLC raised its holdings in Halliburton by 1.9% in the 4th quarter. Apollon Wealth Management LLC now owns 24,845 shares of the oilfield services company’s stock worth $702,000 after purchasing an additional 458 shares during the period. OFI Invest Asset Management raised its holdings in Halliburton by 54.8% in the 4th quarter. OFI Invest Asset Management now owns 49,944 shares of the oilfield services company’s stock worth $1,411,000 after purchasing an additional 17,684 shares during the period. MH & Associates Securities Management Corp ADV acquired a new position in Halliburton in the 4th quarter worth about $3,360,000. Oak Thistle LLC acquired a new position in Halliburton in the 4th quarter worth about $1,148,000. Finally, Greenleaf Trust raised its holdings in Halliburton by 2.4% in the 4th quarter. Greenleaf Trust now owns 16,789 shares of the oilfield services company’s stock worth $474,000 after purchasing an additional 399 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Transactions at Halliburton

In related news, VP Timothy Mckeon sold 3,846 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $34.37, for a total value of $132,187.02. Following the completion of the sale, the vice president owned 81,631 shares of the company’s stock, valued at approximately $2,805,657.47. This trade represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Allen Miller sold 158,455 shares of the stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $40.00, for a total value of $6,338,200.00. Following the completion of the sale, the chief executive officer directly owned 1,013,027 shares of the company’s stock, valued at approximately $40,521,080. This represents a 13.53% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 415,508 shares of company stock valued at $15,291,882. 0.57% of the stock is currently owned by company insiders.

Halliburton Price Performance

NYSE:HAL opened at $37.65 on Monday. Halliburton Company has a one year low of $19.22 and a one year high of $41.18. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 2.04. The stock has a market cap of $31.44 billion, a PE ratio of 24.93, a P/E/G ratio of 2.30 and a beta of 0.68. The stock has a 50 day moving average price of $35.92 and a 200 day moving average price of $30.65.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter last year, the firm earned $0.73 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts expect that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, March 4th. Halliburton’s dividend payout ratio (DPR) is currently 45.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HAL shares. UBS Group increased their target price on Halliburton from $35.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Argus increased their target price on Halliburton from $31.00 to $39.00 and gave the company a “buy” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. increased their target price on Halliburton from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, March 27th. Stifel Nicolaus set a $36.00 target price on Halliburton in a report on Thursday, January 22nd. Finally, BMO Capital Markets increased their target price on Halliburton from $39.00 to $42.00 and gave the company a “market perform” rating in a report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $36.71.

About Halliburton

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.