Fidelis Capital Partners LLC Purchases Shares of 22,146 Halliburton Company $HAL

Fidelis Capital Partners LLC purchased a new position in Halliburton Company (NYSE:HAL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,146 shares of the oilfield services company’s stock, valued at approximately $545,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HAL. Newbridge Financial Services Group Inc. bought a new stake in shares of Halliburton in the second quarter worth about $25,000. Cullen Frost Bankers Inc. purchased a new stake in Halliburton in the 3rd quarter worth approximately $25,000. Rakuten Securities Inc. increased its stake in shares of Halliburton by 547.3% during the second quarter. Rakuten Securities Inc. now owns 1,586 shares of the oilfield services company’s stock valued at $32,000 after buying an additional 1,341 shares during the period. Root Financial Partners LLC bought a new position in shares of Halliburton during the third quarter valued at approximately $32,000. Finally, Cape Investment Advisory Inc. lifted its stake in Halliburton by 111.9% in the second quarter. Cape Investment Advisory Inc. now owns 1,704 shares of the oilfield services company’s stock worth $35,000 after acquiring an additional 900 shares during the period. 85.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HAL. Argus lifted their price target on shares of Halliburton from $31.00 to $39.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $35.00 target price on shares of Halliburton in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Halliburton in a research report on Monday, December 29th. TD Cowen raised their price objective on shares of Halliburton from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Capital One Financial upped their target price on Halliburton from $25.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.76.

Insider Transactions at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 2,600 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $34.17, for a total transaction of $88,842.00. Following the completion of the sale, the director owned 14,043 shares of the company’s stock, valued at approximately $479,849.31. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Van H. Beckwith sold 54,348 shares of the company’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $34.96, for a total value of $1,900,006.08. Following the completion of the sale, the executive vice president owned 344,535 shares of the company’s stock, valued at approximately $12,044,943.60. The trade was a 13.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 497,002 shares of company stock worth $15,889,138 over the last three months. 0.56% of the stock is currently owned by insiders.

Halliburton Price Performance

Shares of HAL opened at $33.52 on Friday. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $35.55. The firm’s 50-day simple moving average is $29.72 and its two-hundred day simple moving average is $25.69. The stock has a market cap of $28.21 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 1.99 and a beta of 0.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 2.04.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. Analysts anticipate that Halliburton Company 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, December 24th. Stockholders of record on Wednesday, December 3rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. Halliburton’s payout ratio is presently 45.03%.

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.