Halliburton Company $HAL Shares Purchased by Fortem Financial Group LLC

Fortem Financial Group LLC boosted its stake in shares of Halliburton Company (NYSE:HAL) by 35.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,213 shares of the oilfield services company’s stock after purchasing an additional 16,732 shares during the quarter. Fortem Financial Group LLC’s holdings in Halliburton were worth $2,504,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Capital Research Global Investors boosted its stake in shares of Halliburton by 21.1% in the 4th quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock valued at $3,114,848,000 after buying an additional 19,190,520 shares during the period. State Street Corp increased its stake in shares of Halliburton by 1.7% during the fourth quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company’s stock worth $1,436,336,000 after buying an additional 861,964 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Halliburton by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company’s stock worth $878,806,000 after buying an additional 443,064 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Halliburton by 82,596.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock valued at $841,339,000 after acquiring an additional 29,735,387 shares in the last quarter. Finally, Sanders Capital LLC raised its holdings in Halliburton by 9.4% in the third quarter. Sanders Capital LLC now owns 26,004,682 shares of the oilfield services company’s stock valued at $639,715,000 after acquiring an additional 2,238,983 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

HAL has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Capital One Financial raised their price objective on shares of Halliburton from $41.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Zephirin Group lifted their price objective on shares of Halliburton from $30.00 to $31.00 and gave the stock a “sell” rating in a research report on Wednesday, April 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Halliburton in a research note on Friday, April 10th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $47.00 target price on shares of Halliburton in a report on Sunday, April 26th. Eighteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.27.

Insider Buying and Selling

In other news, CEO Jeffrey Allen Miller sold 158,455 shares of Halliburton stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $6,338,200.00. Following the sale, the chief executive officer owned 1,013,027 shares in the company, valued at approximately $40,521,080. The trade was a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tobi M. Young sold 6,125 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $41.72, for a total value of $255,535.00. Following the completion of the sale, the director directly owned 15,250 shares of the company’s stock, valued at $636,230. The trade was a 28.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 391,932 shares of company stock valued at $15,999,453 over the last ninety days. Company insiders own 0.57% of the company’s stock.

Halliburton Stock Performance

Shares of Halliburton stock opened at $34.93 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.65. Halliburton Company has a 52 week low of $20.09 and a 52 week high of $43.59. The firm’s 50 day moving average is $39.66 and its two-hundred day moving average is $35.39. The firm has a market capitalization of $29.18 billion, a P/E ratio of 19.19, a P/E/G ratio of 1.51 and a beta of 0.69.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The firm had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same period last year, the firm posted $0.60 EPS. The company’s revenue was down .3% on a year-over-year basis. Research analysts forecast that Halliburton Company will post 2.34 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, June 3rd. Halliburton’s dividend payout ratio is currently 37.36%.

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.