Advisory Resource Group cut its stake in shares of Halliburton (NYSE: HAL – Get Rating) by 36.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,302 shares of the oilfield services company stock after selling 2,983 shares during the quarter. Advisory Resource Group’s holdings in Halliburton were worth $ 201,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. City State Bank acquired a new stake in shares of Halliburton during the fourth quarter worth $ 36,000. Rather & Kittrell Inc. acquired a new stake in Halliburton in the fourth quarter valued at $ 25,000. UMB Bank NA MO acquired a new stake in Halliburton in the fourth quarter valued at $ 37,000. West Oak Capital LLC acquired a new stake in Halliburton in the fourth quarter valued at $ 40,000. Finally, Trust Co. of Vermont acquired a new stake in Halliburton in the fourth quarter valued at $ 41,000. 79.17% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Joe D. Rainey sold 20,000 shares of the company stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $ 42.73, for a total transaction of $ 854,600.00. Following the completion of the sale, the insider now directly owns 310,014 shares of the company stock, valued at $ 13,246,898.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Lawrence J. Pope sold 48,500 shares of the company stock in a transaction on Friday, April 8th. The shares were sold at an average price of $ 39.95, for a total value of $ 1,937,575.00. Following the sale, the executive vice president now directly owns 314,080 shares of the company stock, valued at $ 12,547,496. The disclosure for this sale can be found here. Insiders have sold a total of 207,412 shares of company stock valued at $ 8,432,979 in the last quarter. 0.57% of the stock is currently owned by insiders.
A number of equities research analysts have commented on the company. HSBC raised Halliburton from a “hold” rating to a “buy” rating and raised their target price for the company from $ 36.60 to $ 41.60 in a report on Wednesday, April 27th. Susquehanna Bancshares raised their price target on Halliburton from $ 45.00 to $ 48.00 in a research report on Wednesday, April 20th. Stephens cut Halliburton from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $ 37.00 to $ 40.00 in a research report on Wednesday, April 20th. Stifel Nicolaus raised their price target on Halliburton from $ 32.00 to $ 42.00 in a research report on Friday, April 8th. Finally, StockNews.com cut Halliburton from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Halliburton has an average rating of “Buy” and a consensus price target of $ 38.08.
NYSE HAL opened at $ 31.69 on Monday. The business’s 50-day simple moving average is $ 38.16 and its 200-day simple moving average is $ 33.24. The firm has a market capitalization of $ 28.58 billion, a P / E ratio of 18.32 and a beta of 2.28. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.19 and a quick ratio of 1.61. Halliburton has a 1-year low of $ 17.82 and a 1-year high of $ 43.99.
Halliburton (NYSE: HAL – Get Rating) last released its quarterly earnings results on Tuesday, April 19th. The oilfield services company reported $ 0.35 EPS for the quarter, hitting the consensus estimate of $ 0.35. The firm had revenue of $ 4.28 billion for the quarter, compared to analyst estimates of $ 4.20 billion. Halliburton had a return on equity of 17.83% and a net margin of 9.61%. Halliburton’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same period in the previous year, the company posted $ 0.19 EPS. On average, equities research analysts expect that Halliburton will post 1.91 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 1st will be given a dividend of $ 0.12 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $ 0.48 dividend on an annualized basis and a yield of 1.51%. Halliburton’s dividend payout ratio (DPR) is presently 27.75%.
About Halliburton: (Get Rating)
Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.
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Advisory Resource Group cut its stake in shares of Halliburton (NYSE: HAL – Get Rating) by 36.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,302 shares of the oilfield services company stock after selling 2,983 shares during the quarter. Advisory Resource Group’s holdings in Halliburton were worth $ 201,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. City State Bank acquired a new stake in shares of Halliburton during the fourth quarter worth $ 36,000. Rather & Kittrell Inc. acquired a new stake in Halliburton in the fourth quarter valued at $ 25,000. UMB Bank NA MO acquired a new stake in Halliburton in the fourth quarter valued at $ 37,000. West Oak Capital LLC acquired a new stake in Halliburton in the fourth quarter valued at $ 40,000. Finally, Trust Co. of Vermont acquired a new stake in Halliburton in the fourth quarter valued at $ 41,000. 79.17% of the stock is owned by hedge funds and other institutional investors.
Halliburton stock opened at $ 31.69 on Monday. The stock’s 50 day moving average price is $ 38.16 and its 200 day moving average price is $ 33.24. The firm has a market capitalization of $ 28.58 billion, a PE ratio of 18.32 and a beta of 2.28. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.61 and a current ratio of 2.19. Halliburton has a one year low of $ 17.82 and a one year high of $ 43.99.
Halliburton (NYSE: HAL – Get Rating) last announced its earnings results on Tuesday, April 19th. The oilfield services company reported $ 0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $ 0.35. Halliburton had a return on equity of 17.83% and a net margin of 9.61%. The company had revenue of $ 4.28 billion for the quarter, compared to analyst estimates of $ 4.20 billion. During the same period in the prior year, the company posted $ 0.19 EPS. Halliburton’s quarterly revenue was up 24.1% on a year-over-year basis. On average, analysts forecast that Halliburton will post 1.91 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 1st will be given a $ 0.12 dividend. This represents a $ 0.48 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, May 31st. Halliburton’s payout ratio is 27.75%.
In related news, VP Timothy Mckeon sold 4,900 shares of the company stock in a transaction on Thursday, April 14th. The stock was sold at an average price of $ 41.00, for a total transaction of $ 200,900.00. Following the completion of the transaction, the vice president now directly owns 43,782 shares in the company, valued at approximately $ 1,795,062. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Lawrence J. Pope sold 48,500 shares of the business’s stock in a transaction on Friday, April 8th. The stock was sold at an average price of $ 39.95, for a total value of $ 1,937,575.00. Following the transaction, the executive vice president now owns 314,080 shares of the company stock, valued at approximately $ 12,547,496. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 207,412 shares of company stock worth $ 8,432,979. 0.57% of the stock is currently owned by corporate insiders.
A number of equities research analysts have commented on the company. Barclays raised their target price on Halliburton from $ 50.00 to $ 53.00 and gave the company an “overweight” rating in a report on Wednesday, June 8th. Susquehanna Bancshares raised their price target on Halliburton from $ 45.00 to $ 48.00 in a research report on Wednesday, April 20th. Stephens cut Halliburton from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $ 37.00 to $ 40.00 in a research report on Wednesday, April 20th. Susquehanna raised their price target on Halliburton from $ 45.00 to $ 48.00 in a research report on Wednesday, April 20th. Finally, Stifel Nicolaus raised their price target on Halliburton from $ 32.00 to $ 42.00 in a research report on Friday, April 8th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $ 38.08.
Halliburton Company Profile: (Get Rating)
Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.
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Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton (NYSE: HAL – Get Rating).
Receive News & Ratings for Halliburton Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Halliburton and related companies with MarketBeat.com’s FREE daily email newsletter.
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