Halliburton (NYSE:HAL) Holdings Trimmed by Chatham Capital Group Inc.

Chatham Capital Group Inc. trimmed its position in shares of Halliburton (NYSE:HAL) by 56.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,110 shares of the oilfield services company’s stock after selling 13,280 shares during the period. Chatham Capital Group Inc.’s holdings in Halliburton were worth $399,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lake Street Advisors Group LLC raised its position in shares of Halliburton by 2.3% during the third quarter. Lake Street Advisors Group LLC now owns 11,972 shares of the oilfield services company’s stock valued at $485,000 after buying an additional 268 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of Halliburton by 27.2% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company’s stock valued at $50,000 after buying an additional 296 shares during the last quarter. GPS Wealth Strategies Group LLC increased its stake in Halliburton by 16.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 2,363 shares of the oilfield services company’s stock valued at $85,000 after acquiring an additional 329 shares during the period. Financial Partners Group LLC increased its stake in Halliburton by 2.4% in the fourth quarter. Financial Partners Group LLC now owns 15,351 shares of the oilfield services company’s stock valued at $555,000 after acquiring an additional 356 shares during the period. Finally, Fidelis Capital Partners LLC increased its stake in Halliburton by 1.8% in the fourth quarter. Fidelis Capital Partners LLC now owns 20,256 shares of the oilfield services company’s stock valued at $732,000 after acquiring an additional 359 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Trading Up 0.5 %

HAL opened at $33.78 on Monday. The firm’s fifty day moving average is $35.89 and its two-hundred day moving average is $36.35. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. Halliburton has a twelve month low of $32.27 and a twelve month high of $43.85. The firm has a market cap of $29.91 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 0.86 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 earnings per share. Equities research analysts anticipate that Halliburton will post 3.37 EPS for the current year.

Halliburton Dividend Announcement

The company also recently disclosed 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 2.01%. The ex-dividend date was Wednesday, June 5th. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

Analysts Set New Price Targets

HAL has been the topic of a number of analyst reports. Jefferies Financial Group upped their target price on shares of Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. StockNews.com raised shares of Halliburton from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Citigroup decreased their price objective on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday. Susquehanna reaffirmed a “positive” rating and set a $49.00 price objective on shares of Halliburton in a research note on Monday, April 8th. Finally, UBS Group upped their target price on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Halliburton currently has an average rating of “Buy” and a consensus price target of $48.75.

Insider Activity

In other news, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction dated Tuesday, May 7th. The shares were 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 owns 283,908 shares of the company’s stock, valued at approximately $10,481,883.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction dated Tuesday, May 7th. The shares were 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 owns 283,908 shares of the company’s stock, valued at approximately $10,481,883.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Shannon Slocum sold 38,941 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total transaction of $1,437,701.72. Following the sale, the insider now owns 130,783 shares of the company’s stock, valued at approximately $4,828,508.36. 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 quarter. Company insiders own 0.61% of the company’s stock.

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.