J.W. Cole Advisors Inc. Lowers Stock Holdings in Halliburton (NYSE:HAL)

J.W. Cole Advisors Inc. trimmed its position in shares of Halliburton (NYSE:HAL) by 7.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,440 shares of the oilfield services company’s stock after selling 599 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Halliburton were worth $269,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB boosted its stake in shares of Halliburton by 271.0% in the 4th quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company’s stock valued at $27,781,000 after buying an additional 561,020 shares during the period. Cerity Partners LLC boosted its stake in shares of Halliburton by 69.5% in the 4th quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock valued at $7,472,000 after buying an additional 84,771 shares during the period. KLCM Advisors Inc. boosted its stake in shares of Halliburton by 6.9% in the 4th quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company’s stock valued at $17,722,000 after buying an additional 31,534 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of Halliburton by 65.4% in the 4th quarter. Vontobel Holding Ltd. now owns 57,920 shares of the oilfield services company’s stock valued at $2,094,000 after buying an additional 22,906 shares during the period. Finally, CX Institutional purchased a new position in shares of Halliburton in the 3rd quarter valued at about $344,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Margaret Katherine Banks sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the transaction, the director now owns 9,625 shares of the company’s stock, valued at $339,762.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Margaret Katherine Banks sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the transaction, the director now owns 9,625 shares of the company’s stock, valued at $339,762.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the transaction, the chief executive officer now directly owns 759,015 shares in the company, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HAL shares. StockNews.com upgraded Halliburton from a “hold” rating to a “buy” rating in a research note on Monday. Benchmark restated a “buy” rating and set a $45.00 target price on shares of Halliburton in a research note on Wednesday. TD Cowen boosted their target price on Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday. Citigroup boosted their target price on Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Raymond James decreased their target price on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $48.82.

Halliburton Stock Performance

HAL opened at $38.72 on Friday. The firm has a market cap of $34.32 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 0.99 and a beta of 2.00. Halliburton has a 52 week low of $27.84 and a 52 week high of $43.85. The business’s 50 day moving average is $37.81 and its two-hundred day moving average is $37.41. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.79.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 earnings per share. On average, research analysts predict that Halliburton will post 3.42 EPS for the current year.

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.