Bowman & Co S.C. Sells 443 Shares of Halliburton (NYSE:HAL)

Bowman & Co S.C. decreased its position in shares of Halliburton (NYSE:HAL) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,106 shares of the oilfield services company’s stock after selling 443 shares during the quarter. Bowman & Co S.C.’s holdings in Halliburton were worth $1,069,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HAL. Franklin Resources Inc. lifted its stake in Halliburton by 19.1% in the fourth quarter. Franklin Resources Inc. now owns 1,179,579 shares of the oilfield services company’s stock valued at $42,642,000 after buying an additional 189,324 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Halliburton by 271.0% in the fourth quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company’s stock valued at $27,781,000 after purchasing an additional 561,020 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Halliburton by 69.5% in the fourth quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock valued at $7,472,000 after purchasing an additional 84,771 shares during the last quarter. KLCM Advisors Inc. raised its holdings in shares of Halliburton by 6.9% in the fourth quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company’s stock valued at $17,722,000 after purchasing an additional 31,534 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in Halliburton by 65.4% during the fourth quarter. Vontobel Holding Ltd. now owns 57,920 shares of the oilfield services company’s stock worth $2,094,000 after buying an additional 22,906 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Insider Transactions at Halliburton

In other news, insider Jeffrey Shannon Slocum sold 38,941 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $1,437,701.72. Following the sale, the insider now directly owns 130,783 shares of the company’s stock, valued at approximately $4,828,508.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jeffrey Shannon Slocum sold 38,941 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $1,437,701.72. Following the sale, the insider now directly owns 130,783 shares of the company’s stock, valued at approximately $4,828,508.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $369,200.00. Following the sale, the executive vice president now directly owns 283,908 shares in the company, valued at $10,481,883.36. The disclosure for this sale can be found here. Insiders have sold 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.

Wall Street Analysts Forecast Growth

Several research firms have commented on HAL. The Goldman Sachs Group upped their price objective on shares of Halliburton from $46.00 to $48.00 in a report on Tuesday, April 23rd. Susquehanna reaffirmed a “positive” rating and set a $49.00 price objective on shares of Halliburton in a research report on Monday, April 8th. Morgan Stanley increased their target price on shares of Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. StockNews.com raised shares of Halliburton from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Benchmark reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Halliburton in a research note on Wednesday, April 24th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $49.06.

Halliburton Trading Down 1.7 %

NYSE:HAL opened at $34.03 on Thursday. The company has a fifty day moving average of $36.18 and a 200 day moving average of $36.37. Halliburton has a 52 week low of $31.36 and a 52 week high of $43.85. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $30.13 billion, a P/E ratio of 11.78, a P/E/G ratio of 0.88 and a beta of 1.93.

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

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Wednesday, June 5th. Halliburton’s dividend payout ratio is presently 23.53%.

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.