Halliburton (NYSE:HAL) Shares Sold by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL lowered its holdings in shares of Halliburton (NYSE:HALFree Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,900 shares of the oilfield services company’s stock after selling 1,000 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in Halliburton were worth $2,780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank acquired a new position in Halliburton in the 4th quarter valued at about $400,070,000. Dimensional Fund Advisors LP grew its stake in Halliburton by 24.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,878,811 shares of the oilfield services company’s stock worth $284,822,000 after acquiring an additional 1,568,485 shares during the period. Sourcerock Group LLC lifted its stake in shares of Halliburton by 237.6% during the 3rd quarter. Sourcerock Group LLC now owns 1,677,194 shares of the oilfield services company’s stock worth $67,926,000 after purchasing an additional 1,180,406 shares during the period. Jennison Associates LLC boosted its holdings in shares of Halliburton by 51.2% during the fourth quarter. Jennison Associates LLC now owns 2,539,062 shares of the oilfield services company’s stock worth $91,787,000 after purchasing an additional 859,440 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its position in shares of Halliburton by 1,507.6% in the third quarter. Schonfeld Strategic Advisors LLC now owns 852,357 shares of the oilfield services company’s stock valued at $34,520,000 after purchasing an additional 799,337 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HAL. The Goldman Sachs Group raised their price target on Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. Susquehanna restated a “positive” rating and issued a $49.00 target price on shares of Halliburton in a report on Monday, April 8th. Citigroup increased their price target on shares of Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Wells Fargo & Company lowered their price objective on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Finally, Morgan Stanley increased their target price on Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $49.06.

Check Out Our Latest Stock Report on Halliburton

Insiders Place Their Bets

In related news, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $369,200.00. Following the completion of the transaction, the executive vice president now directly owns 283,908 shares in the company, valued at $10,481,883.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $369,200.00. Following the completion of the transaction, the executive vice president now owns 283,908 shares of the company’s stock, valued at $10,481,883.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey Shannon Slocum sold 38,941 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total transaction of $1,437,701.72. Following the completion of the transaction, the insider now owns 130,783 shares in the company, valued at $4,828,508.36. The disclosure for this sale can be found here. Insiders sold a total of 52,287 shares of company stock valued at $1,930,704 in the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Halliburton Stock Down 2.5 %

HAL stock traded down $0.86 during trading on Friday, reaching $32.91. The stock had a trading volume of 7,003,230 shares, compared to its average volume of 6,754,122. 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 firm has a fifty day moving average price of $37.10 and a 200 day moving average price of $36.50. The company has a market capitalization of $29.14 billion, a P/E ratio of 11.39, a PEG ratio of 0.88 and a beta of 1.93. Halliburton has a 1-year low of $30.04 and a 1-year high of $43.85.

Halliburton (NYSE:HALGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.67 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year. On average, equities analysts anticipate that Halliburton will post 3.39 earnings per share for the current year.

Halliburton Announces Dividend

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 dividend of $0.17 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.07%. Halliburton’s dividend payout ratio (DPR) is 23.53%.

About Halliburton

(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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