Global Assets Advisory LLC Takes Position in Halliburton (NYSE:HAL)

Global Assets Advisory LLC purchased a new stake in Halliburton (NYSE:HAL) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 45,920 shares of the oilfield services company’s stock, valued at approximately $1,810,000.

Several other large investors have also modified their holdings of HAL. Acadian Asset Management LLC lifted its stake in Halliburton by 14.9% during the 3rd quarter. Acadian Asset Management LLC now owns 15,938 shares of the oilfield services company’s stock worth $644,000 after acquiring an additional 2,066 shares in the last quarter. Stifel Financial Corp lifted its stake in Halliburton by 28.1% during the 3rd quarter. Stifel Financial Corp now owns 249,540 shares of the oilfield services company’s stock worth $10,107,000 after acquiring an additional 54,788 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Halliburton by 21.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 46,181 shares of the oilfield services company’s stock worth $1,870,000 after acquiring an additional 8,030 shares in the last quarter. Vinva Investment Management Ltd lifted its stake in Halliburton by 4.3% during the 3rd quarter. Vinva Investment Management Ltd now owns 27,066 shares of the oilfield services company’s stock worth $1,131,000 after acquiring an additional 1,114 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in Halliburton by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 394,799 shares of the oilfield services company’s stock worth $15,989,000 after acquiring an additional 2,010 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity at Halliburton

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

Halliburton Trading Up 0.8 %

HAL opened at $34.62 on Wednesday. Halliburton has a one year low of $31.08 and a one year high of $43.85. The company has a market cap of $30.65 billion, a P/E ratio of 11.98, a PEG ratio of 0.86 and a beta of 1.93. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. The business’s 50-day simple moving average is $36.18 and its 200-day simple moving average is $36.37.

Halliburton (NYSE:HAL) last announced its 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 firm had revenue of $5.80 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. As a group, equities research analysts expect that Halliburton will post 3.39 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors 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 1.96%. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HAL. The Goldman Sachs Group increased their target price on Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. Citigroup upped their price target on Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. UBS Group upped their price target on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Benchmark restated a “buy” rating and set a $45.00 price target on shares of Halliburton in a report on Wednesday, April 24th. Finally, TD Cowen upped their price target on Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $49.06.

Halliburton 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.