TrimTabs Asset Management LLC Sells 34,094 Shares of Halliburton (NYSE:HAL)


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TrimTabs Asset Management LLC decreased its position in Halliburton (NYSE:HAL) by 32.2% during the first quarter, HoldingsChannel.com reports. The firm owned 71,748 shares of the oilfield services company’s stock after selling 34,094 shares during the quarter. TrimTabs Asset Management LLC’s holdings in Halliburton were worth $1,563,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HAL. Alpha DNA Investment Management LLC bought a new position in Halliburton in the 4th quarter worth about $26,000. Hoover Financial Advisors Inc. bought a new position in Halliburton in the 4th quarter worth about $27,000. Crescent Capital Consulting LLC bought a new position in Halliburton in the 4th quarter worth about $28,000. Eudaimonia Partners LLC boosted its stake in Halliburton by 66.7% in the 3rd quarter. Eudaimonia Partners LLC now owns 2,783 shares of the oilfield services company’s stock worth $34,000 after purchasing an additional 1,114 shares in the last quarter. Finally, Veriti Management LLC bought a new position in Halliburton in the 4th quarter worth about $35,000. Institutional investors own 75.37% of the company’s stock.

Halliburton stock traded down $0.20 during midday trading on Thursday, hitting $21.22. The stock had a trading volume of 160,439 shares, compared to its average volume of 11,284,377. The firm’s fifty day moving average is $22.09 and its two-hundred day moving average is $17.98. The company has a market capitalization of $18.86 billion, a PE ratio of -4.20, a P/E/G ratio of 2.22 and a beta of 2.81. Halliburton has a 52-week low of $6.53 and a 52-week high of $24.74. The company has a current ratio of 2.30, a quick ratio of 1.64 and a debt-to-equity ratio of 1.85.

Halliburton (NYSE:HAL) last released its earnings results on Monday, January 18th. The oilfield services company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. Halliburton had a negative net margin of 26.60% and a positive return on equity of 11.10%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same period in the prior year, the firm posted $0.32 EPS. The firm’s quarterly revenue was down 37.6% compared to the same quarter last year. As a group, equities research analysts predict that Halliburton will post 0.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 24th. Shareholders of record on Wednesday, March 3rd were issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Tuesday, March 2nd. Halliburton’s dividend payout ratio (DPR) is currently 14.52%.

Several equities analysts have issued reports on the stock. Bank of America upgraded shares of Halliburton from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 16th. Morgan Stanley upped their target price on shares of Halliburton from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 20th. Royal Bank of Canada restated a “buy” rating and set a $23.00 target price on shares of Halliburton in a research note on Wednesday, January 20th. Stephens upgraded shares of Halliburton from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $14.00 to $25.00 in a research note on Wednesday, January 20th. Finally, Piper Sandler upgraded shares of Halliburton from a “neutral” rating to an “overweight” rating and set a $22.00 target price on the stock in a research note on Monday, February 1st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $16.96.

In other Halliburton news, insider Myrtle L. Jones sold 5,462 shares of the stock in a transaction that occurred on Friday, March 5th. The shares were sold at an average price of $23.50, for a total transaction of $128,357.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eric Carre sold 2,350 shares of the stock in a transaction that occurred on Friday, January 8th. The shares were sold at an average price of $20.68, for a total transaction of $48,598.00. Following the sale, the executive vice president now directly owns 173,320 shares of the company’s stock, valued at $3,584,257.60. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Halliburton Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as well bonding and casing, as well as provides casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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