Greenleaf Trust Has $512,000 Stock Position in Halliburton (NYSE:HAL)

Greenleaf Trust grew its stake in shares of Halliburton (NYSE:HAL) by 4.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,163 shares of the oilfield services company’s stock after purchasing an additional 546 shares during the period. Greenleaf Trust’s holdings in Halliburton were worth $512,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HAL. CWM LLC increased its holdings in Halliburton by 8.9% during the 3rd quarter. CWM LLC now owns 23,253 shares of the oilfield services company’s stock worth $942,000 after purchasing an additional 1,910 shares in the last quarter. IFP Advisors Inc increased its holdings in Halliburton by 185.6% during the 3rd quarter. IFP Advisors Inc now owns 12,706 shares of the oilfield services company’s stock worth $515,000 after purchasing an additional 8,257 shares in the last quarter. HB Wealth Management LLC increased its holdings in Halliburton by 26.6% during the 3rd quarter. HB Wealth Management LLC now owns 12,941 shares of the oilfield services company’s stock worth $524,000 after purchasing an additional 2,721 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in Halliburton during the 3rd quarter worth approximately $45,000. Finally, Meridian Wealth Management LLC increased its holdings in Halliburton by 14.7% during the 3rd quarter. Meridian Wealth Management LLC now owns 37,272 shares of the oilfield services company’s stock worth $1,510,000 after purchasing an additional 4,764 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Halliburton Price Performance

Halliburton stock opened at $38.70 on Tuesday. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.81. The business’s 50 day simple moving average is $37.57 and its 200 day simple moving average is $37.39. The company has a market cap of $34.30 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 1.00 and a beta of 2.00.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. The firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.78 billion. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.72 earnings per share. Sell-side analysts forecast that Halliburton will post 3.42 EPS for the current year.

Insiders Place Their Bets

In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the sale, the director now owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the sale, the chief executive officer now owns 759,015 shares in the company, valued at $26,793,229.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was 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 owns 9,625 shares in the company, valued at approximately $339,762.50. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

HAL has been the subject of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $45.00 price objective on shares of Halliburton in a report on Wednesday, January 24th. TD Cowen upped their target price on Halliburton from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. UBS Group upped their target price on Halliburton from $44.00 to $48.00 in a report on Monday, January 22nd. Barclays reduced their target price on Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $49.00 target price on shares of Halliburton in a report on Monday, April 8th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $48.53.

Halliburton Company Profile

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.