Quarry LP Increases Holdings in Halliburton (NYSE:HAL)

Quarry LP raised its stake in Halliburton (NYSE:HAL) by 760.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,649 shares of the oilfield services company’s stock after buying an additional 25,320 shares during the quarter. Quarry LP’s holdings in Halliburton were worth $779,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HAL. Oxford Asset Management LLP purchased a new stake in shares of Halliburton in the fourth quarter valued at about $525,000. Johnson Financial Group Inc. raised its stake in Halliburton by 530.6% during the fourth quarter. Johnson Financial Group Inc. now owns 11,237 shares of the oilfield services company’s stock worth $292,000 after purchasing an additional 9,455 shares during the period. Boothbay Fund Management LLC boosted its holdings in Halliburton by 275.5% in the 4th quarter. Boothbay Fund Management LLC now owns 34,579 shares of the oilfield services company’s stock valued at $940,000 after purchasing an additional 25,370 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Halliburton by 24.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 17,420 shares of the oilfield services company’s stock valued at $474,000 after buying an additional 3,466 shares during the period. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Halliburton by 0.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 84,675 shares of the oilfield services company’s stock worth $2,302,000 after buying an additional 484 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Trading Down 1.7 %

NYSE:HAL opened at $20.86 on Friday. Halliburton has a 12-month low of $18.72 and a 12-month high of $38.89. The firm has a market cap of $17.98 billion, a PE ratio of 7.37, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The stock has a fifty day moving average price of $23.74 and a 200 day moving average price of $26.78.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Sell-side analysts anticipate that Halliburton will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is presently 28.45%.

Analyst Ratings Changes

A number of research analysts recently commented on HAL shares. Citigroup decreased their price objective on Halliburton from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday. Royal Bank of Canada reiterated a “sector perform” rating and set a $34.00 price target on shares of Halliburton in a report on Thursday, January 23rd. Benchmark reduced their price objective on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Raymond James lowered shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Halliburton has an average rating of “Moderate Buy” and a consensus target price of $34.68.

Insider Buying and Selling at Halliburton

In related news, CFO Eric Carre sold 51,179 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $25.00, for a total value of $1,279,475.00. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $3,177,525. This represents a 28.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.00. Following the sale, the director now directly owns 10,551 shares in the company, valued at approximately $253,646.04. The trade was a 26.99 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 206,782 shares of company stock valued at $5,321,170. Insiders own 0.61% of the company’s stock.

Halliburton Company Profile

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.