Kovitz Investment Group Partners LLC lessened its holdings in shares of Halliburton (NYSE:HAL) by 20.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 880,020 shares of the oilfield services company’s stock after selling 222,151 shares during the period. Halliburton comprises approximately 2.2% of Kovitz Investment Group Partners LLC’s holdings, making the stock its 19th largest holding. Kovitz Investment Group Partners LLC owned about 0.10% of Halliburton worth $51,476,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. IFG Advisory LLC purchased a new position in Halliburton during the 4th quarter valued at about $253,000. Calton & Associates Inc. bought a new stake in Halliburton during the 4th quarter valued at approximately $128,000. Cerebellum GP LLC bought a new stake in Halliburton during the 4th quarter valued at approximately $131,000. Icon Wealth Partners LLC bought a new stake in Halliburton during the 4th quarter valued at approximately $147,000. Finally, Nicolet Bankshares Inc. bought a new stake in Halliburton during the 4th quarter valued at approximately $193,000. Institutional investors own 80.26% of the company’s stock.
Several research firms have weighed in on HAL. Jefferies Group set a $62.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Wednesday. Cowen set a $54.00 price objective on Halliburton and gave the company a “hold” rating in a research report on Thursday, March 15th. Atlantic Securities raised Halliburton from an “underweight” rating to a “neutral” rating in a research report on Monday, January 29th. Zacks Investment Research cut Halliburton from a “hold” rating to a “sell” rating in a research report on Wednesday, March 28th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $58.00 price objective on shares of Halliburton in a research report on Tuesday, January 16th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-one have issued a buy rating to the company. Halliburton presently has a consensus rating of “Buy” and an average target price of $58.70.
HAL stock opened at $47.00 on Friday. The company has a market capitalization of $41,715.70, a P/E ratio of 39.08, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. Halliburton has a 12-month low of $38.18 and a 12-month high of $57.86. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 1.25.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. The business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.63 billion. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The firm’s quarterly revenue was up 47.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS. analysts forecast that Halliburton will post 2.52 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th were given a $0.18 dividend. The ex-dividend date was Tuesday, March 6th. This represents a $0.72 annualized dividend and a yield of 1.53%. Halliburton’s dividend payout ratio (DPR) is presently 59.02%.
In other Halliburton news, VP Anne L. Beaty sold 2,937 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $51.57, for a total transaction of $151,461.09. Following the completion of the sale, the vice president now directly owns 60,839 shares in the company, valued at approximately $3,137,467.23. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Eric Carre sold 28,024 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $51.71, for a total transaction of $1,449,121.04. Following the sale, the executive vice president now owns 173,767 shares of the company’s stock, valued at $8,985,491.57. The disclosure for this sale can be found here. Insiders sold a total of 103,856 shares of company stock worth $5,609,578 over the last ninety days. 0.46% of the stock is currently owned by insiders.
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Halliburton Company Profile
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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