Mather Group LLC. Purchases 1,101 Shares of Halliburton (NYSE:HAL)

Mather Group LLC. grew its position in shares of Halliburton (NYSE:HAL) by 12.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,262 shares of the oilfield services company’s stock after acquiring an additional 1,101 shares during the period. Mather Group LLC.’s holdings in Halliburton were worth $371,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ancora Advisors LLC raised its stake in shares of Halliburton by 443.8% during the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock valued at $36,000 after acquiring an additional 719 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in Halliburton in the fourth quarter worth about $36,000. Criterion Capital Advisors LLC bought a new position in Halliburton in the fourth quarter worth about $37,000. Stone House Investment Management LLC bought a new position in Halliburton in the fourth quarter worth about $38,000. Finally, Farmers & Merchants Investments Inc. raised its stake in Halliburton by 27.2% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company’s stock worth $50,000 after buying an additional 296 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Insider Activity at Halliburton

In related news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction on 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 $339,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction on 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 $339,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were 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. 0.61% of the stock is currently owned by corporate insiders.

Halliburton Stock Up 1.0 %

Shares of HAL stock opened at $36.70 on Friday. The company has a market capitalization of $32.49 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.95 and a beta of 2.01. Halliburton has a one year low of $27.84 and a one year high of $43.85. The company’s fifty day moving average price is $38.05 and its 200-day moving average price is $37.27. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.12 and a quick ratio of 1.52.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. Halliburton’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the company posted $0.72 earnings per share. Sell-side analysts expect that Halliburton will post 3.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on HAL. Citigroup increased their price target on shares of Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Morgan Stanley increased their price target on shares of Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. TD Cowen increased their price target on shares of Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. StockNews.com downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, The Goldman Sachs Group increased their price objective on shares of Halliburton from $46.00 to $48.00 in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $48.59.

About Halliburton

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.