Savant Capital LLC Cuts Holdings in Halliburton (NYSE:HAL)

Savant Capital LLC cut its holdings in Halliburton (NYSE:HAL) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,405 shares of the oilfield services company’s stock after selling 687 shares during the quarter. Savant Capital LLC’s holdings in Halliburton were worth $882,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Alpha Cubed Investments LLC lifted its holdings in shares of Halliburton by 2.8% in the fourth quarter. Alpha Cubed Investments LLC now owns 461,729 shares of the oilfield services company’s stock valued at $16,691,000 after purchasing an additional 12,455 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in Halliburton by 1.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 24,760 shares of the oilfield services company’s stock worth $895,000 after purchasing an additional 401 shares in the last quarter. Skylands Capital LLC raised its stake in Halliburton by 10.0% in the 4th quarter. Skylands Capital LLC now owns 81,450 shares of the oilfield services company’s stock valued at $2,944,000 after purchasing an additional 7,400 shares during the last quarter. Mather Group LLC. lifted its holdings in Halliburton by 12.0% in the 4th quarter. Mather Group LLC. now owns 10,262 shares of the oilfield services company’s stock valued at $371,000 after purchasing an additional 1,101 shares in the last quarter. Finally, Stonebrook Private Inc. acquired a new stake in shares of Halliburton during the 4th quarter worth about $632,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity at Halliburton

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HAL. Morgan Stanley boosted their price objective on shares of Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. StockNews.com cut Halliburton from a “buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company dropped their target price on Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Raymond James decreased their price target on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Finally, Benchmark reaffirmed a “buy” rating and set a $45.00 price objective on shares of Halliburton in a research note on Wednesday, April 24th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.59.

Halliburton Price Performance

Halliburton stock opened at $36.73 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $32.51 billion, a P/E ratio of 12.71, a PEG ratio of 0.93 and a beta of 2.01. The firm has a fifty day moving average of $38.05 and a 200-day moving average of $37.27. Halliburton has a 52-week low of $27.84 and a 52-week high of $43.85.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The company 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 firm’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. As a group, analysts predict that Halliburton will post 3.39 EPS for the current year.

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.