Central Valley Advisors LLC Has $1.70 Million Stock Holdings in Halliburton (NYSE:HAL)

Central Valley Advisors LLC lifted its holdings in shares of Halliburton (NYSE:HALFree Report) by 7.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,177 shares of the oilfield services company’s stock after buying an additional 3,088 shares during the period. Central Valley Advisors LLC’s holdings in Halliburton were worth $1,702,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HAL. Rise Advisors LLC acquired a new position in shares of Halliburton during the 1st quarter worth about $26,000. Johnson Financial Group Inc. acquired a new position in shares of Halliburton during the 4th quarter worth about $33,000. Ancora Advisors LLC boosted its stake in shares of Halliburton by 443.8% during the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after buying an additional 719 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Halliburton in the 4th quarter valued at about $36,000. Finally, First United Bank & Trust bought a new stake in shares of Halliburton in the 4th quarter valued at about $36,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Halliburton Stock Performance

Shares of NYSE:HAL traded up $0.11 on Tuesday, reaching $34.45. 1,676,957 shares of the company’s stock were exchanged, compared to its average volume of 7,151,699. The company has a fifty day moving average of $36.26 and a 200-day moving average of $36.37. Halliburton has a twelve month low of $31.08 and a twelve month high of $43.85. The company has a market capitalization of $30.50 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 0.86 and a beta of 1.93. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79.

Halliburton (NYSE:HALGet Free Report) last announced 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. 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 analyst estimates of $5.67 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. On average, research analysts predict that Halliburton will post 3.39 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.97%. Halliburton’s payout ratio is presently 23.53%.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of research analyst reports. UBS Group upped their target price on shares of Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Citigroup upped their target price on shares of Halliburton from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. The Goldman Sachs Group upped their target price on shares of Halliburton from $46.00 to $48.00 in a report on Tuesday, April 23rd. Susquehanna reaffirmed a “positive” rating and issued a $49.00 target price on shares of Halliburton in a report on Monday, April 8th. Finally, StockNews.com raised shares of Halliburton from a “hold” rating to a “buy” rating in a report on Tuesday. One analyst has 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. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $49.06.

Get Our Latest Report on HAL

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.

See Also

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.