Ferguson Wellman Capital Management Inc. cut its stake in Halliburton (NYSE:HAL) by 97.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,799 shares of the oilfield services company’s stock after selling 366,940 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Halliburton were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Virtu Financial LLC bought a new position in shares of Halliburton in the fourth quarter worth about $2,698,000. Rockland Trust Co. raised its stake in shares of Halliburton by 108.9% during the fourth quarter. Rockland Trust Co. now owns 21,115 shares of the oilfield services company’s stock worth $561,000 after buying an additional 11,008 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Halliburton by 3.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 74,038 shares of the oilfield services company’s stock worth $1,967,000 after buying an additional 2,433 shares during the last quarter. Ipswich Investment Management Co. Inc. bought a new stake in shares of Halliburton during the fourth quarter worth approximately $40,000. Finally, QUANTRES ASSET MANAGEMENT Ltd bought a new stake in shares of Halliburton during the fourth quarter worth approximately $417,000. 78.12% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on the stock. Barclays set a $52.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Wednesday, October 10th. ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Wells Fargo & Co dropped their price target on shares of Halliburton from $58.00 to $55.00 and set an “outperform” rating for the company in a research note on Wednesday, October 3rd. Wolfe Research assumed coverage on shares of Halliburton in a research note on Wednesday, October 10th. They set an “outperform” rating for the company. Finally, HSBC dropped their price target on shares of Halliburton to $51.00 and set a “buy” rating for the company in a research note on Monday, October 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Halliburton currently has an average rating of “Buy” and an average target price of $49.68.
In other news, VP Anne L. Beaty sold 1,300 shares of the company’s stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $28.50, for a total value of $37,050.00. Following the completion of the transaction, the vice president now owns 58,848 shares in the company, valued at $1,677,168. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Anne L. Beaty sold 2,548 shares of the company’s stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $29.48, for a total transaction of $75,115.04. Following the completion of the transaction, the vice president now owns 56,663 shares of the company’s stock, valued at approximately $1,670,425.24. The disclosure for this sale can be found here. Insiders sold 12,787 shares of company stock valued at $404,538 in the last quarter. Corporate insiders own 0.54% of the company’s stock.
Halliburton stock opened at $32.25 on Friday. The company has a market capitalization of $28.25 billion, a PE ratio of 15.97, a P/E/G ratio of 1.55 and a beta of 1.14. Halliburton has a twelve month low of $24.70 and a twelve month high of $57.86. The company has a quick ratio of 1.73, a current ratio of 2.31 and a debt-to-equity ratio of 1.16.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.10 billion. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share. As a group, equities research analysts predict that Halliburton will post 1.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Wednesday, December 5th. Halliburton’s dividend payout ratio (DPR) is presently 59.02%.
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Halliburton Company Profile
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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