MGO One Seven LLC Has $333,000 Stock Holdings in Halliburton (NYSE:HAL)

MGO One Seven LLC increased its holdings in Halliburton (NYSE:HAL) by 21.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,262 shares of the oilfield services company’s stock after purchasing an additional 2,177 shares during the period. MGO One Seven LLC’s holdings in Halliburton were worth $333,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Horrell Capital Management Inc. acquired a new position in Halliburton during the fourth quarter worth $33,000. Sierra Ocean LLC acquired a new position in Halliburton during the fourth quarter worth $36,000. Modus Advisors LLC acquired a new position in Halliburton during the fourth quarter worth $38,000. Blume Capital Management Inc. increased its position in Halliburton by 33.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock worth $44,000 after buying an additional 400 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new position in Halliburton during the fourth quarter worth $52,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Price Performance

Shares of HAL stock opened at $20.65 on Tuesday. The stock’s fifty day simple moving average is $23.62 and its 200 day simple moving average is $26.68. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The firm has a market cap of $17.80 billion, a price-to-earnings ratio of 7.30, a P/E/G ratio of 3.79 and a beta of 1.45. Halliburton has a one year low of $18.72 and a one year high of $38.89.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. On average, analysts expect that Halliburton will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton’s dividend payout ratio is currently 28.45%.

Insiders Place Their Bets

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the transaction, the chief financial officer now owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the transaction, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. This represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,782 shares of company stock valued at $5,321,170. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on HAL shares. Susquehanna lowered their target price on shares of Halliburton from $32.00 to $30.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. Stifel Nicolaus cut their price objective on Halliburton from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Benchmark lowered their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Hsbc Global Res raised Halliburton to a “hold” rating in a research report on Wednesday, April 23rd. Finally, Citigroup dropped their price target on Halliburton from $33.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and a consensus price target of $34.68.

Halliburton 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.