Sheaff Brock Investment Advisors LLC Makes New $205,000 Investment in Halliburton (NYSE:HAL)

Sheaff Brock Investment Advisors LLC purchased a new position in Halliburton (NYSE:HALGet Rating) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,415 shares of the oilfield services company’s stock, valued at approximately $205,000.

Other institutional investors have also added to or reduced their stakes in the company. Stephens Inc. AR bought a new position in Halliburton in the first quarter worth approximately $288,000. Modera Wealth Management LLC bought a new position in Halliburton in the fourth quarter worth approximately $226,000. Northwestern Mutual Wealth Management Co. raised its position in Halliburton by 14.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 15,131 shares of the oilfield services company’s stock worth $346,000 after acquiring an additional 1,894 shares during the period. National Asset Management Inc. bought a new stake in shares of Halliburton during the 1st quarter valued at $372,000. Finally, Wedmont Private Capital raised its position in shares of Halliburton by 12.8% during the 1st quarter. Wedmont Private Capital now owns 11,867 shares of the oilfield services company’s stock valued at $460,000 after purchasing an additional 1,351 shares during the period. 79.17% of the stock is currently owned by institutional investors.

Insider Transactions at Halliburton

In other news, insider Joe D. Rainey sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $42.73, for a total value of $854,600.00. Following the completion of the sale, the insider now owns 310,014 shares in the company, valued at approximately $13,246,898.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Joe D. Rainey sold 20,000 shares of Halliburton stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $42.73, for a total transaction of $854,600.00. Following the completion of the sale, the insider now owns 310,014 shares in the company, valued at approximately $13,246,898.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lawrence J. Pope sold 10,000 shares of Halliburton stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $40.95, for a total transaction of $409,500.00. Following the sale, the executive vice president now owns 273,342 shares of the company’s stock, valued at approximately $11,193,354.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,000 shares of company stock worth $1,663,600. 0.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on HAL shares. Royal Bank of Canada raised their price objective on shares of Halliburton from $45.00 to $49.00 in a research report on Wednesday, April 20th. Stephens decreased their price objective on shares of Halliburton to $32.00 in a research report on Friday, July 22nd. Bank of America raised their price objective on shares of Halliburton from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, April 20th. HSBC upgraded shares of Halliburton from a “hold” rating to a “buy” rating and raised their price objective for the company from $36.60 to $41.60 in a research report on Wednesday, April 27th. Finally, Citigroup raised their price objective on shares of Halliburton from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, April 20th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.53.

Halliburton Stock Performance

Shares of NYSE:HAL opened at $27.79 on Friday. Halliburton has a 52 week low of $17.82 and a 52 week high of $43.99. The stock has a market capitalization of $25.20 billion, a P/E ratio of 17.48 and a beta of 2.15. The firm has a fifty day simple moving average of $32.52 and a two-hundred day simple moving average of $34.41. The company has a quick ratio of 1.60, a current ratio of 2.15 and a debt-to-equity ratio of 1.19.

Halliburton (NYSE:HALGet Rating) last issued its quarterly earnings data on Tuesday, July 19th. The oilfield services company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The business had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Halliburton had a net margin of 8.19% and a return on equity of 19.91%. The business’s revenue was up 36.9% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. On average, analysts expect that Halliburton will post 2.01 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 1st were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, May 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.73%. Halliburton’s dividend payout ratio (DPR) is presently 30.19%.

Halliburton Company Profile

(Get Rating)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

Further Reading

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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