Ardsley Advisory Partners LP Buys New Position in Halliburton Company $HAL

Ardsley Advisory Partners LP bought a new stake in Halliburton Company (NYSE:HAL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the oilfield services company’s stock, valued at approximately $2,826,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vermillion Wealth Management Inc. grew its position in Halliburton by 24.8% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company’s stock valued at $41,000 after buying an additional 289 shares in the last quarter. Coldstream Capital Management Inc. grew its position in Halliburton by 1.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company’s stock valued at $659,000 after buying an additional 349 shares in the last quarter. Harbour Investments Inc. grew its position in Halliburton by 7.3% in the 4th quarter. Harbour Investments Inc. now owns 5,320 shares of the oilfield services company’s stock valued at $150,000 after buying an additional 361 shares in the last quarter. Kingsview Wealth Management LLC grew its position in Halliburton by 3.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 10,363 shares of the oilfield services company’s stock valued at $293,000 after buying an additional 365 shares in the last quarter. Finally, Clearstead Trust LLC grew its position in Halliburton by 7.4% in the 3rd quarter. Clearstead Trust LLC now owns 5,370 shares of the oilfield services company’s stock valued at $132,000 after buying an additional 370 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling

In other Halliburton news, Director Tobi M. Young sold 6,125 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $41.72, for a total value of $255,535.00. Following the completion of the transaction, the director directly owned 15,250 shares in the company, valued at $636,230. This trade represents a 28.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Van H. Beckwith sold 198,349 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the completion of the transaction, the executive vice president owned 146,186 shares of the company’s stock, valued at approximately $6,036,019.94. The trade was a 57.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 391,932 shares of company stock valued at $15,999,453. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

HAL has been the subject of a number of recent analyst reports. Susquehanna increased their target price on shares of Halliburton from $40.00 to $45.00 and gave the company a “positive” rating in a research report on Tuesday, April 7th. Weiss Ratings restated a “hold (c)” rating on shares of Halliburton in a research report on Friday, April 10th. Wall Street Zen lowered shares of Halliburton from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 3rd. The Goldman Sachs Group raised their price objective on shares of Halliburton from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, BMO Capital Markets raised their price objective on shares of Halliburton from $42.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.27.

Halliburton Stock Performance

NYSE:HAL opened at $36.23 on Thursday. Halliburton Company has a twelve month low of $20.09 and a twelve month high of $43.59. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average of $39.79 and a 200-day moving average of $35.33. The firm has a market cap of $30.27 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.61 and a beta of 0.69.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The company had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.37 billion. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. Analysts forecast that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, June 3rd. Halliburton’s dividend payout ratio (DPR) is presently 37.36%.

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.