Halliburton (NYSE:HAL) Holdings Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in Halliburton (NYSE:HALFree Report) by 9.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 96,654 shares of the oilfield services company’s stock after selling 10,135 shares during the period. State of Alaska Department of Revenue’s holdings in Halliburton were worth $3,494,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Gradient Investments LLC lifted its stake in shares of Halliburton by 423.9% in the 4th quarter. Gradient Investments LLC now owns 13,903 shares of the oilfield services company’s stock worth $503,000 after acquiring an additional 11,249 shares during the period. Caprock Group LLC lifted its stake in shares of Halliburton by 119.1% in the 4th quarter. Caprock Group LLC now owns 56,441 shares of the oilfield services company’s stock worth $2,040,000 after acquiring an additional 30,675 shares during the period. Meadow Creek Wealth Advisors LLC acquired a new stake in Halliburton during the fourth quarter valued at approximately $203,000. Ellsworth Advisors LLC acquired a new stake in Halliburton during the fourth quarter valued at approximately $443,000. Finally, Saxon Interests Inc. acquired a new stake in Halliburton during the fourth quarter valued at approximately $912,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the sale, the director now directly owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the transaction, the director now directly owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the transaction, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Halliburton Stock Performance

Shares of HAL opened at $39.91 on Wednesday. The company’s fifty day moving average is $36.29 and its 200-day moving average is $37.48. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85. The firm has a market cap of $35.52 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 0.99 and a beta of 2.00. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.81.

Halliburton (NYSE:HALGet Free Report) last posted its earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.78 billion. During the same period last year, the business posted $0.72 EPS. Halliburton’s revenue was up 2.8% compared to the same quarter last year. Equities analysts expect that Halliburton will post 3.43 EPS for the current fiscal year.

Halliburton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.17 dividend. The ex-dividend date was Tuesday, March 5th. This is a positive change from Halliburton’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 1.70%. Halliburton’s dividend payout ratio (DPR) is presently 23.21%.

Wall Street Analyst Weigh In

Several research firms recently commented on HAL. Royal Bank of Canada reissued an “outperform” rating and set a $45.00 target price on shares of Halliburton in a research note on Wednesday, January 24th. UBS Group upped their price target on shares of Halliburton from $44.00 to $48.00 in a research report on Monday, January 22nd. TD Cowen upped their price target on shares of Halliburton from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Susquehanna restated a “positive” rating and issued a $49.00 price target on shares of Halliburton in a research report on Tuesday, February 13th. Finally, StockNews.com downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and an average target price of $48.63.

Get Our Latest Stock Analysis on HAL

About Halliburton

(Free Report)

Halliburton Company provides products and services to the energy industry worldwide. It operates through 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; and 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.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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