TCW Group Inc. Buys Shares of 14,131 Halliburton (NYSE:HAL)

TCW Group Inc. purchased a new position in Halliburton (NYSE:HALFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,131 shares of the oilfield services company’s stock, valued at approximately $512,000.

Several other hedge funds and other institutional investors have also modified their holdings of HAL. Ancora Advisors LLC lifted its holdings in Halliburton by 443.8% in the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after acquiring an additional 719 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in Halliburton in the fourth quarter worth $36,000. First United Bank & Trust bought a new stake in Halliburton in the fourth quarter valued at $36,000. Criterion Capital Advisors LLC acquired a new position in shares of Halliburton during the fourth quarter valued at $37,000. Finally, Stone House Investment Management LLC bought a new position in shares of Halliburton during the fourth quarter worth about $38,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Stock Performance

HAL opened at $36.11 on Monday. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. The firm has a market cap of $31.97 billion, a PE ratio of 12.49, a P/E/G ratio of 0.92 and a beta of 2.01. The business has a fifty day simple moving average of $38.45 and a 200-day simple moving average of $36.84. Halliburton has a fifty-two week low of $28.43 and a fifty-two week high of $43.85.

Halliburton (NYSE:HALGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, topping 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 firm had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same quarter last year, the business posted $0.72 EPS. The company’s revenue was up 2.2% on a year-over-year basis. As a group, equities analysts predict that Halliburton will post 3.39 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.68 annualized dividend and a yield of 1.88%. Halliburton’s dividend payout ratio is presently 23.53%.

Insider Buying and Selling

In related news, SVP Jill D. Sharp sold 3,346 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total value of $123,802.00. Following the completion of the sale, the senior vice president now owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 759,015 shares in the company, valued at $26,793,229.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jill D. Sharp sold 3,346 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total value of $123,802.00. Following the completion of the sale, the senior vice president now directly owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 434,287 shares of company stock worth $15,415,304. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on HAL. Jefferies Financial Group boosted their target price on shares of Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Citigroup boosted their price target on Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group lifted their price objective on shares of Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. TD Cowen upped their price objective on shares of Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Morgan Stanley raised their target price on shares of Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and an average price target of $48.59.

View Our Latest Analysis on HAL

Halliburton Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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