Graybill Bartz & Assoc Ltd. acquired a new position in shares of Halliburton Company (NYSE:HAL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 65,765 shares of the oilfield services company’s stock, valued at approximately $3,214,000. Halliburton comprises about 2.3% of Graybill Bartz & Assoc Ltd.’s portfolio, making the stock its 19th biggest holding.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its holdings in Halliburton by 243.3% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock worth $146,000 after acquiring an additional 2,243 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in Halliburton during the 3rd quarter worth $184,000. Krilogy Financial LLC raised its stake in shares of Halliburton by 35.9% during the 2nd quarter. Krilogy Financial LLC now owns 4,588 shares of the oilfield services company’s stock worth $196,000 after purchasing an additional 1,212 shares during the period. Neville Rodie & Shaw Inc. bought a new stake in shares of Halliburton during the 3rd quarter worth $202,000. Finally, Banced Corp bought a new stake in shares of Halliburton during the 4th quarter worth $211,000. 79.88% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Robb L. Voyles sold 5,000 shares of the company’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $48.85, for a total transaction of $244,250.00. Following the sale, the executive vice president now directly owns 220,938 shares in the company, valued at $10,792,821.30. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Anne L. Beaty sold 1,245 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $51.50, for a total value of $64,117.50. Following the sale, the vice president now owns 60,839 shares in the company, valued at $3,133,208.50. The disclosure for this sale can be found here. Insiders sold a total of 141,612 shares of company stock worth $6,556,433 over the last 90 days. 0.47% of the stock is currently owned by company insiders.
A number of equities research analysts have recently commented on HAL shares. Loop Capital reiterated a “buy” rating and set a $57.00 target price (down from $62.00) on shares of Halliburton in a research note on Tuesday, October 24th. Scotiabank reiterated a “buy” rating and set a $52.00 target price on shares of Halliburton in a research note on Wednesday, October 25th. Cowen set a $50.00 target price on Halliburton and gave the stock a “hold” rating in a research note on Friday, October 6th. Deutsche Bank started coverage on Halliburton in a research note on Tuesday, October 10th. They set a “buy” rating and a $54.00 target price on the stock. Finally, Zacks Investment Research upgraded Halliburton from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $57.21.
Shares of Halliburton Company (NYSE HAL) traded down $1.01 during trading on Tuesday, reaching $52.13. The company had a trading volume of 10,130,000 shares, compared to its average volume of 8,880,000. Halliburton Company has a fifty-two week low of $38.18 and a fifty-two week high of $58.78. The company has a market cap of $45,490.00, a PE ratio of 217.21, a P/E/G ratio of 3.07 and a beta of 1.03. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The business had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the business posted $0.01 EPS. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. research analysts predict that Halliburton Company will post 1.16 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 7th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Wednesday, December 6th. Halliburton’s dividend payout ratio is currently 300.00%.
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Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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