Geller Advisors LLC Increases Position in Halliburton (NYSE:HAL)

Geller Advisors LLC lifted its position in shares of Halliburton (NYSE:HAL) by 31.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,344 shares of the oilfield services company’s stock after purchasing an additional 6,818 shares during the period. Geller Advisors LLC’s holdings in Halliburton were worth $771,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of HAL. Norges Bank bought a new position in shares of Halliburton in the fourth quarter worth about $299,986,000. Amundi lifted its holdings in shares of Halliburton by 22.2% in the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock worth $353,242,000 after buying an additional 2,378,043 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Halliburton by 15.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock valued at $437,587,000 after acquiring an additional 2,171,722 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Halliburton by 10.4% in the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock worth $503,856,000 after purchasing an additional 1,748,763 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in shares of Halliburton during the 4th quarter valued at about $41,484,000. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

Shares of Halliburton stock opened at $20.38 on Friday. The company has a market capitalization of $17.52 billion, a PE ratio of 7.20, a P/E/G ratio of 3.79 and a beta of 1.19. The company has a 50-day simple moving average of $22.54 and a two-hundred day simple moving average of $26.15. Halliburton has a one year low of $18.72 and a one year high of $38.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

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

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.34%. Halliburton’s payout ratio is 28.45%.

Insider Buying and Selling

In other news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the sale, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the transaction, the director now owns 10,551 shares of the company’s stock, valued at $253,646.04. This trade represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 206,782 shares of company stock worth $5,321,170 in the last ninety days. 0.56% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HAL shares. Susquehanna decreased their target price on Halliburton from $32.00 to $30.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. Evercore ISI lowered their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Citigroup reduced their price target on shares of Halliburton from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Hsbc Global Res raised shares of Halliburton to a “hold” rating in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group reduced their target price on shares of Halliburton from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $33.84.

About Halliburton

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.