Halliburton (NYSE:HAL) Shares Purchased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC grew its position in shares of Halliburton (NYSE:HAL) by 30.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 9,604 shares of the oilfield services company’s stock after purchasing an additional 2,247 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Halliburton were worth $379,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in Halliburton in the first quarter worth about $26,000. Johnson Financial Group Inc. bought a new stake in shares of Halliburton in the 4th quarter worth approximately $33,000. Princeton Global Asset Management LLC bought a new stake in shares of Halliburton in the 4th quarter worth approximately $36,000. First United Bank & Trust acquired a new stake in Halliburton during the fourth quarter valued at approximately $36,000. Finally, Criterion Capital Advisors LLC bought a new stake in Halliburton during the fourth quarter worth approximately $37,000. Institutional investors own 85.23% of the company’s stock.

Insider Activity at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 283,908 shares of the company’s stock, valued at $10,481,883.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction dated 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 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 that occurred on 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 completion of the transaction, the insider now directly owns 130,783 shares in the company, valued at $4,828,508.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,287 shares of company stock valued at $1,930,704. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on Halliburton from $46.00 to $48.00 in a research report on Tuesday, April 23rd. Wells Fargo & Company reduced their target price on Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 29th. UBS Group lifted their price target on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. TD Cowen upped their price objective on shares of Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Benchmark reissued a “buy” rating and issued a $45.00 target price on shares of Halliburton in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $48.75.

Halliburton Trading Up 0.5 %

Shares of NYSE:HAL opened at $33.78 on Thursday. The firm has a fifty day moving average of $35.69 and a two-hundred day moving average of $36.32. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. Halliburton has a 12-month low of $32.35 and a 12-month high of $43.85. The firm has a market capitalization of $29.91 billion, a P/E 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 earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The firm had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.67 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities analysts expect that Halliburton will post 3.37 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.01%. Halliburton’s dividend payout ratio is currently 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.