ICA Group Wealth Management LLC Makes New Investment in Halliburton (NYSE:HAL)

ICA Group Wealth Management LLC purchased a new position in shares of Halliburton (NYSE:HAL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,085 shares of the oilfield services company’s stock, valued at approximately $148,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new stake in Halliburton during the 4th quarter worth about $33,000. Ancora Advisors LLC lifted its position in Halliburton by 443.8% during the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after acquiring an additional 719 shares during the period. Princeton Global Asset Management LLC acquired a new stake in Halliburton during the 4th quarter worth about $36,000. First United Bank & Trust acquired a new stake in Halliburton during the 4th quarter worth about $36,000. Finally, Criterion Capital Advisors LLC acquired a new stake in Halliburton during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity

In related news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $369,200.00. Following the completion of the transaction, the executive vice president now directly owns 283,908 shares in the company, valued at $10,481,883.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total transaction of $369,200.00. Following the transaction, the executive vice president now directly owns 283,908 shares in the company, valued at $10,481,883.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jill D. Sharp sold 3,346 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total value of $123,802.00. Following the completion of the sale, the senior vice president now directly owns 40,185 shares in the company, valued at approximately $1,486,845. The disclosure for this sale can be found here. Insiders sold 52,287 shares of company stock worth $1,930,704 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. TD Cowen boosted their price objective on Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Benchmark reissued a “buy” rating and issued a $45.00 price objective on shares of Halliburton in a report on Wednesday, April 24th. UBS Group boosted their price objective on Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Jefferies Financial Group boosted their price objective on Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Morgan Stanley boosted their price objective on Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $49.06.

Halliburton Price Performance

NYSE:HAL traded up $0.10 during trading hours on Monday, hitting $33.02. 576,208 shares of the stock were exchanged, compared to its average volume of 6,700,874. Halliburton has a 52-week low of $30.04 and a 52-week high of $43.85. The firm’s fifty day moving average price is $37.10 and its 200 day moving average price is $36.49. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The company has a market cap of $29.23 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.84 and a beta of 1.93.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.67 billion. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 earnings per share. As a group, equities research analysts anticipate that Halliburton will post 3.39 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be given a $0.17 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.06%. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

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.