AdvisorShares Investments LLC Buys Shares of 5,199 Halliburton (NYSE:HAL)

AdvisorShares Investments LLC bought a new stake in Halliburton (NYSE:HALGet Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,199 shares of the oilfield services company’s stock, valued at approximately $197,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HAL. Stephens Inc. AR bought a new stake in shares of Halliburton during the 1st quarter worth about $288,000. Modera Wealth Management LLC bought a new stake in shares of Halliburton during the 4th quarter worth about $226,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Halliburton by 14.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 15,131 shares of the oilfield services company’s stock worth $346,000 after acquiring an additional 1,894 shares in the last quarter. National Asset Management Inc. bought a new stake in shares of Halliburton during the 1st quarter worth about $372,000. Finally, Wedmont Private Capital boosted its stake in shares of Halliburton by 12.8% during the 1st quarter. Wedmont Private Capital now owns 11,867 shares of the oilfield services company’s stock worth $460,000 after acquiring an additional 1,351 shares in the last quarter. Hedge funds and other institutional investors own 79.17% of the company’s stock.

Wall Street Analysts Forecast Growth

HAL has been the subject of several recent analyst reports. Citigroup upped their price target on Halliburton from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, April 20th. Susquehanna Bancshares upped their price target on Halliburton from $45.00 to $48.00 in a research note on Wednesday, April 20th. ATB Capital boosted their price objective on Halliburton to $46.50 in a research report on Friday, July 22nd. TheStreet cut Halliburton from a “b-” rating to a “c+” rating in a research report on Wednesday, April 27th. Finally, StockNews.com cut Halliburton from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $39.53.

Insider Activity

In other news, insider Joe D. Rainey sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $42.73, for a total value of $854,600.00. Following the sale, the insider now directly owns 310,014 shares in the company, valued at approximately $13,246,898.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Lawrence J. Pope sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $40.95, for a total transaction of $409,500.00. Following the sale, the executive vice president now directly owns 273,342 shares in the company, valued at approximately $11,193,354.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Joe D. Rainey sold 20,000 shares of the stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $42.73, for a total value of $854,600.00. Following the sale, the insider now owns 310,014 shares in the company, valued at $13,246,898.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,000 shares of company stock worth $1,663,600. Company insiders own 0.57% of the company’s stock.

Halliburton Trading Up 1.9 %

Halliburton stock opened at $27.79 on Friday. The business has a 50 day moving average price of $32.52 and a two-hundred day moving average price of $34.41. The company has a quick ratio of 1.60, a current ratio of 2.15 and a debt-to-equity ratio of 1.19. The stock has a market cap of $25.20 billion, a price-to-earnings ratio of 17.48 and a beta of 2.15. Halliburton has a 12 month low of $17.82 and a 12 month high of $43.99.

Halliburton (NYSE:HALGet Rating) last released its quarterly earnings data on Tuesday, July 19th. The oilfield services company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. Halliburton had a return on equity of 19.91% and a net margin of 8.19%. The company had revenue of $5.07 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period in the prior year, the company posted $0.26 EPS. The company’s revenue was up 36.9% compared to the same quarter last year. As a group, equities analysts forecast that Halliburton will post 2.01 EPS for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 1st were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, May 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.73%. Halliburton’s dividend payout ratio is currently 30.19%.

Halliburton Profile

(Get Rating)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

Further Reading

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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