Halliburton Company $HAL Shares Bought by Strs Ohio

Strs Ohio boosted its holdings in shares of Halliburton Company (NYSE:HAL) by 80.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 759,374 shares of the oilfield services company’s stock after buying an additional 339,670 shares during the quarter. Strs Ohio’s holdings in Halliburton were worth $29,608,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HAL. Vermillion Wealth Management Inc. raised its holdings in shares of Halliburton by 24.8% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company’s stock worth $41,000 after purchasing an additional 289 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in Halliburton by 1.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company’s stock valued at $659,000 after purchasing an additional 349 shares during the last quarter. Harbour Investments Inc. grew its position in Halliburton by 7.3% during the 4th quarter. Harbour Investments Inc. now owns 5,320 shares of the oilfield services company’s stock worth $150,000 after purchasing an additional 361 shares during the period. Kingsview Wealth Management LLC raised its stake in shares of Halliburton by 3.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 10,363 shares of the oilfield services company’s stock valued at $293,000 after buying an additional 365 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in shares of Halliburton by 1.7% during the 4th quarter. Fidelis Capital Partners LLC now owns 22,517 shares of the oilfield services company’s stock valued at $636,000 after buying an additional 371 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Trading Up 0.1%

HAL stock opened at $32.98 on Friday. The company’s 50-day simple moving average is $38.90 and its 200-day simple moving average is $35.80. 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 $20.17 and a 52-week high of $43.59. The firm has a market cap of $27.55 billion, a P/E ratio of 18.12, a PEG ratio of 1.43 and a beta of 0.71.

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 return on equity of 19.04% and a net margin of 6.95%.The firm had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.37 billion. During the same period last year, the firm earned $0.60 EPS. The company’s quarterly revenue was down .3% on a year-over-year basis. As a group, equities analysts forecast that Halliburton Company will post 2.34 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, June 3rd. Halliburton’s dividend payout ratio (DPR) is presently 37.36%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HAL. Royal Bank Of Canada upped their target price on Halliburton from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Susquehanna lifted their price target on Halliburton from $40.00 to $45.00 and gave the company a “positive” rating in a research report on Tuesday, April 7th. HSBC boosted their price target on Halliburton from $40.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Halliburton in a research report on Friday, April 10th. Finally, Citigroup raised their price objective on shares of Halliburton from $47.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Eighteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned 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 price target of $43.32.

Insider Buying and Selling

In other news, CFO Eric Carre sold 24,778 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total transaction of $889,282.42. Following the transaction, the chief financial officer owned 148,520 shares in the company, valued at $5,330,382.80. This trade represents a 14.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Van H. Beckwith sold 198,349 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $41.29, for a total value of $8,189,830.21. Following the transaction, the executive vice president owned 146,186 shares in the company, valued at $6,036,019.94. This trade represents a 57.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 258,255 shares of company stock valued at $10,550,535 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

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.