Citizens Financial Group Inc. RI Acquires 1,300 Shares of Halliburton (NYSE:HAL)

Citizens Financial Group Inc. RI increased its holdings in shares of Halliburton (NYSE:HAL) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,361 shares of the oilfield services company’s stock after acquiring an additional 1,300 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Halliburton were worth $1,242,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Nordea Investment Management AB increased its position in Halliburton by 271.0% during the fourth quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company’s stock worth $27,781,000 after acquiring an additional 561,020 shares during the period. Cerity Partners LLC increased its position in Halliburton by 69.5% during the fourth quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock worth $7,472,000 after acquiring an additional 84,771 shares during the period. KLCM Advisors Inc. increased its position in Halliburton by 6.9% during the fourth quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company’s stock worth $17,722,000 after acquiring an additional 31,534 shares during the period. Vontobel Holding Ltd. increased its position in Halliburton by 65.4% during the fourth quarter. Vontobel Holding Ltd. now owns 57,920 shares of the oilfield services company’s stock worth $2,094,000 after acquiring an additional 22,906 shares during the period. Finally, CX Institutional bought a new position in Halliburton during the third quarter worth about $344,000. 85.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HAL. Morgan Stanley raised their price target on shares of Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Raymond James reduced their price objective on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Susquehanna reiterated a “positive” rating and set a $49.00 price objective on shares of Halliburton in a research note on Monday, April 8th. UBS Group increased their price objective on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Finally, Benchmark reiterated a “buy” rating and set a $45.00 price objective on shares of Halliburton in a research note on Wednesday. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $48.82.

Insider Buying and Selling

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

Halliburton Trading Down 0.5 %

HAL opened at $38.54 on Friday. The company’s 50 day moving average is $37.88 and its 200-day moving average is $37.36. Halliburton has a 1-year low of $27.84 and a 1-year high of $43.85. The company has a current ratio of 2.12, a quick ratio of 1.48 and a debt-to-equity ratio of 0.79. The company has a market cap of $34.12 billion, a P/E ratio of 13.34, a PEG ratio of 0.99 and a beta of 2.00.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The company had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.67 billion. During the same period last year, the company posted $0.72 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts predict that Halliburton will post 3.4 earnings per share for the current fiscal year.

Halliburton Company 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.