Campbell & CO Investment Adviser LLC Has $1.33 Million Stock Holdings in Halliburton (NYSE:HAL)

Campbell & CO Investment Adviser LLC increased its stake in shares of Halliburton (NYSE:HALFree Report) by 104.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,748 shares of the oilfield services company’s stock after purchasing an additional 18,791 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Halliburton were worth $1,328,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in Halliburton by 19.1% during the 4th quarter. Franklin Resources Inc. now owns 1,179,579 shares of the oilfield services company’s stock worth $42,642,000 after acquiring an additional 189,324 shares during the last quarter. Nordea Investment Management AB grew its holdings in Halliburton by 271.0% during the 4th 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 last quarter. Cerity Partners LLC grew its holdings in Halliburton by 69.5% during the 4th 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 last quarter. KLCM Advisors Inc. grew its holdings in Halliburton by 6.9% during the 4th 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 last quarter. Finally, Vontobel Holding Ltd. grew its holdings in Halliburton by 65.4% during the 4th 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 last quarter. 85.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Jefferies Financial Group boosted their target price on shares of Halliburton from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley boosted their target price on shares of Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Susquehanna reaffirmed a “positive” rating and issued a $49.00 price objective on shares of Halliburton in a research note on Monday, April 8th. Finally, Wells Fargo & Company reduced their price objective on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $48.59.

Get Our Latest Stock Report on Halliburton

Halliburton Stock Performance

HAL opened at $34.75 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The company’s fifty day moving average price is $38.16 and its two-hundred day moving average price is $36.74. Halliburton has a 1-year low of $30.04 and a 1-year high of $43.85. The company has a market cap of $30.76 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 0.93 and a beta of 1.93.

Halliburton (NYSE:HALGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.67 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. On average, analysts expect that Halliburton will post 3.39 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.68 annualized dividend and a yield of 1.96%. Halliburton’s payout ratio is 23.53%.

Insiders Place Their Bets

In other Halliburton news, SVP Jill D. Sharp sold 3,346 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the transaction, the senior vice president now owns 40,185 shares in the company, valued at $1,486,845. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Jill D. Sharp sold 3,346 shares of the stock in a transaction dated Tuesday, May 7th. The shares were 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 in the company, valued at $1,486,845. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $369,200.00. Following the completion of the sale, the executive vice president now owns 283,908 shares of the company’s stock, valued at approximately $10,481,883.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,287 shares of company stock worth $1,930,704. Insiders own 0.61% of the company’s stock.

Halliburton 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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