Ensign Peak Advisors Inc Has $6.25 Million Holdings in Halliburton (NYSE:HAL)

Ensign Peak Advisors Inc increased its stake in shares of Halliburton (NYSE:HAL) by 62.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 229,857 shares of the oilfield services company’s stock after purchasing an additional 88,650 shares during the period. Ensign Peak Advisors Inc’s holdings in Halliburton were worth $6,250,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Blume Capital Management Inc. grew its stake in shares of Halliburton by 33.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock worth $44,000 after purchasing an additional 400 shares during the period. Wilmington Savings Fund Society FSB grew its stake in Halliburton by 3.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 12,776 shares of the oilfield services company’s stock valued at $347,000 after acquiring an additional 453 shares during the period. Integrated Wealth Concepts LLC grew its stake in Halliburton by 0.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 84,675 shares of the oilfield services company’s stock valued at $2,302,000 after acquiring an additional 484 shares during the period. UMB Bank n.a. grew its stake in Halliburton by 14.3% in the fourth quarter. UMB Bank n.a. now owns 4,036 shares of the oilfield services company’s stock valued at $110,000 after acquiring an additional 505 shares during the period. Finally, Nikko Asset Management Americas Inc. grew its stake in Halliburton by 1.2% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 42,683 shares of the oilfield services company’s stock valued at $1,161,000 after acquiring an additional 505 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the transaction, the director now owns 10,551 shares of the company’s stock, valued at approximately $253,646.04. This represents a 26.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eric Carre sold 51,179 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $25.00, for a total value of $1,279,475.00. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,177,525. The trade was a 28.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,576 shares of company stock worth $1,631,457 over the last 90 days. Company insiders own 0.61% of the company’s stock.

Halliburton Stock Performance

HAL opened at $21.30 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The business’s 50-day simple moving average is $22.42 and its 200 day simple moving average is $26.05. The firm has a market capitalization of $18.31 billion, a PE ratio of 7.53, a PEG ratio of 3.79 and a beta of 1.19. Halliburton has a 52-week low of $18.72 and a 52-week high of $38.35.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. As a group, sell-side analysts expect that Halliburton will post 2.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on HAL. Susquehanna decreased their target price on Halliburton from $32.00 to $30.00 and set a “positive” rating for the company in a research note on Wednesday, April 23rd. Evercore ISI decreased their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Benchmark decreased their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Citigroup decreased their target price on Halliburton from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, Hsbc Global Res raised Halliburton to a “hold” rating in a research note on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.84.

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.