Halliburton (NYSE:HAL) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in Halliburton (NYSE:HAL) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 222,860 shares of the oilfield services company’s stock after selling 6,668 shares during the quarter. Amalgamated Bank’s holdings in Halliburton were worth $8,056,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HAL. Northern Trust Corp boosted its position in shares of Halliburton by 3.0% during the 3rd quarter. Northern Trust Corp now owns 9,202,160 shares of the oilfield services company’s stock valued at $372,687,000 after acquiring an additional 265,680 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Halliburton by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,291,276 shares of the oilfield services company’s stock valued at $214,297,000 after purchasing an additional 44,188 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Halliburton by 1.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,342,520 shares of the oilfield services company’s stock valued at $135,372,000 after buying an additional 44,901 shares during the period. Brandes Investment Partners LP increased its holdings in shares of Halliburton by 4.1% during the 3rd quarter. Brandes Investment Partners LP now owns 3,334,388 shares of the oilfield services company’s stock worth $135,043,000 after buying an additional 131,454 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Halliburton by 15.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,905,089 shares of the oilfield services company’s stock valued at $117,684,000 after buying an additional 388,079 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HAL. Raymond James lowered their price objective on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Wells Fargo & Company lowered their price target on Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Barclays reduced their price objective on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. Jefferies Financial Group upped their target price on shares of Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Susquehanna reiterated a “positive” rating and set a $49.00 price target on shares of Halliburton in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and an average price target of $48.59.

Halliburton Trading Up 0.1 %

NYSE HAL opened at $36.73 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. The firm has a market cap of $32.52 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 0.93 and a beta of 2.01. The firm has a 50 day simple moving average of $38.08 and a 200-day simple moving average of $37.23. Halliburton has a one year low of $27.84 and a one year high of $43.85.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 EPS. Equities research analysts anticipate that Halliburton will post 3.39 EPS for the current fiscal year.

Insider Activity

In related news, Director Margaret Katherine Banks sold 5,000 shares of the business’s stock in a transaction 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 directly owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were 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 $339,762.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

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.