Nations Financial Group Inc. IA ADV Invests $3.69 Million in Halliburton Company $HAL

Nations Financial Group Inc. IA ADV bought a new position in Halliburton Company (NYSE:HAL) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 94,520 shares of the oilfield services company’s stock, valued at approximately $3,685,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Vermillion Wealth Management Inc. increased its position in Halliburton by 24.8% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company’s stock worth $41,000 after purchasing an additional 289 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of 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 purchasing an additional 349 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Halliburton by 7.3% during 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 during the period. Kingsview Wealth Management LLC grew its stake in shares of Halliburton by 3.7% during 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 during the period. Finally, Clearstead Trust LLC increased its holdings in shares of Halliburton by 7.4% during the 3rd quarter. Clearstead Trust LLC now owns 5,370 shares of the oilfield services company’s stock worth $132,000 after buying an additional 370 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on HAL. Wall Street Zen lowered Halliburton from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 3rd. TD Cowen boosted their price target on Halliburton from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Stifel Nicolaus restated a “buy” rating and set a $43.00 price target (up from $36.00) on shares of Halliburton in a research note on Wednesday, April 22nd. Rothschild & Co Redburn raised their price objective on Halliburton from $40.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, UBS Group lifted their price objective on Halliburton from $35.00 to $39.00 and gave the company a “neutral” rating in a research note on Tuesday, April 7th. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.27.

Halliburton Stock Performance

NYSE:HAL opened at $34.93 on Monday. 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 firm has a market capitalization of $29.18 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 1.51 and a beta of 0.70. The firm’s fifty day simple moving average is $39.66 and its 200 day simple moving average is $35.45. Halliburton Company has a twelve month low of $20.09 and a twelve month high of $43.59.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The firm had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. During the same period in the prior year, the firm earned $0.60 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. As a group, equities research analysts expect that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Halliburton Announces Dividend

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

Insiders Place Their Bets

In other Halliburton news, EVP Van H. Beckwith sold 198,349 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $41.29, for a total value of $8,189,830.21. Following the completion of the transaction, the executive vice president owned 146,186 shares in the company, valued at $6,036,019.94. This represents a 57.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Casey Maxwell sold 20,348 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $41.89, for a total transaction of $852,377.72. Following the completion of the sale, the insider directly owned 93,763 shares of the company’s stock, valued at $3,927,732.07. This trade represents a 17.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 391,932 shares of company stock valued at $15,999,453. Company insiders own 0.57% of the company’s stock.

Halliburton Profile

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.