Halliburton (NYSE:HAL) Shares Purchased by Signaturefd LLC

Signaturefd LLC lifted its stake in shares of Halliburton (NYSE:HAL) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,013 shares of the oilfield services company’s stock after acquiring an additional 915 shares during the quarter. Signaturefd LLC’s holdings in Halliburton were worth $507,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB lifted its holdings in shares of Halliburton by 271.0% in the fourth quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company’s stock valued at $27,781,000 after purchasing an additional 561,020 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Halliburton by 69.5% in the fourth quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock valued at $7,472,000 after purchasing an additional 84,771 shares in the last quarter. KLCM Advisors Inc. lifted its holdings in shares of Halliburton by 6.9% in the fourth quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company’s stock valued at $17,722,000 after purchasing an additional 31,534 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Halliburton by 65.4% in the fourth quarter. Vontobel Holding Ltd. now owns 57,920 shares of the oilfield services company’s stock valued at $2,094,000 after purchasing an additional 22,906 shares in the last quarter. Finally, CX Institutional purchased a new stake in shares of Halliburton in the third quarter valued at $344,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling

In related news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction dated 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 directly owns 9,625 shares of the company’s stock, valued at $339,762.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction that occurred 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 directly owns 9,625 shares of the company’s stock, valued at $339,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction that occurred on Monday, March 4th. The shares were 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 directly owns 759,015 shares in the company, valued at $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

Halliburton Stock Up 0.3 %

HAL stock opened at $38.72 on Thursday. Halliburton has a twelve month low of $27.84 and a twelve month high of $43.85. The company has a market cap of $34.32 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 0.99 and a beta of 2.00. The business’s 50-day simple moving average is $37.75 and its 200 day simple moving average is $37.40. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.79.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.67 billion. During the same period last year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, research analysts anticipate that Halliburton will post 3.42 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on HAL shares. Raymond James cut their price objective on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Morgan Stanley increased their price objective on Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays cut their price objective on Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. UBS Group increased their price objective on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Benchmark reiterated a “buy” rating and set a $45.00 price objective on shares of Halliburton in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $48.82.

Halliburton 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.