Halliburton (NYSE:HAL) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. lowered its stake in shares of Halliburton (NYSE:HAL) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 232,947 shares of the oilfield services company’s stock after selling 20,344 shares during the period. Lee Danner & Bass Inc.’s holdings in Halliburton were worth $8,421,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Ancora Advisors LLC raised its holdings in shares of Halliburton by 443.8% during the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock valued at $36,000 after buying an additional 719 shares during the period. Princeton Global Asset Management LLC bought a new stake in Halliburton during the 4th quarter valued at $36,000. Criterion Capital Advisors LLC bought a new stake in shares of Halliburton in the 4th quarter worth $37,000. Stone House Investment Management LLC acquired a new position in shares of Halliburton in the 4th quarter worth $38,000. Finally, Ogorek Anthony Joseph NY ADV grew its holdings in shares of Halliburton by 1,134.6% during the third quarter. Ogorek Anthony Joseph NY ADV now owns 1,000 shares of the oilfield services company’s stock valued at $40,000 after buying an additional 919 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays lowered their target price on Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Susquehanna restated a “positive” rating and set a $49.00 price target on shares of Halliburton in a research note on Monday, April 8th. TD Cowen boosted their price target on Halliburton from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. StockNews.com cut Halliburton from a “buy” rating to a “hold” rating in a report on Sunday, April 14th. Finally, Raymond James dropped their price target on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.53.

Halliburton Stock Down 0.6 %

NYSE:HAL traded down $0.25 during trading hours on Monday, hitting $38.83. 2,411,794 shares of the company traded hands, compared to its average volume of 7,062,714. The company has a market cap of $34.42 billion, a PE ratio of 13.34, a PEG ratio of 1.00 and a beta of 2.00. Halliburton has a one year low of $27.84 and a one year high of $43.85. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.81. The firm’s 50-day simple moving average is $37.48 and its 200-day simple moving average is $37.39.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The business had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.78 billion. During the same period in the previous year, the business posted $0.72 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts predict that Halliburton will post 3.42 earnings per share for the current year.

Halliburton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a $0.17 dividend. This is an increase from Halliburton’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 1.75%. Halliburton’s payout ratio is presently 23.21%.

Insider Buying and Selling

In related news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the sale, the director now directly owns 9,625 shares of the company’s stock, valued at $339,762.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the sale, the chief executive officer now owns 759,015 shares in the company, valued at $26,793,229.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the sale, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

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.