TrinityPoint Wealth LLC Acquires 5,178 Shares of Halliburton (NYSE:HAL)

TrinityPoint Wealth LLC grew its holdings in shares of Halliburton (NYSE:HAL) by 9.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,624 shares of the oilfield services company’s stock after buying an additional 5,178 shares during the period. TrinityPoint Wealth LLC’s holdings in Halliburton were worth $1,567,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Horrell Capital Management Inc. purchased a new stake in Halliburton in the 4th quarter valued at $33,000. Sierra Ocean LLC bought a new position in shares of Halliburton during the 4th quarter worth $36,000. Blume Capital Management Inc. grew its stake in shares of Halliburton by 33.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock worth $44,000 after acquiring an additional 400 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in shares of Halliburton during the fourth quarter valued at about $52,000. Finally, Quent Capital LLC lifted its stake in Halliburton by 261.1% in the 4th quarter. Quent Capital LLC now owns 2,246 shares of the oilfield services company’s stock worth $61,000 after purchasing an additional 1,624 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on HAL shares. Morgan Stanley lowered their price target on Halliburton from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Friday. Hsbc Global Res upgraded Halliburton to a “hold” rating in a report on Wednesday, April 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. The Goldman Sachs Group dropped their price objective on Halliburton from $27.00 to $24.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Finally, UBS Group dropped their price objective on Halliburton from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $33.53.

Halliburton Stock Up 1.0%

HAL stock opened at $21.25 on Friday. Halliburton has a twelve month low of $18.72 and a twelve month high of $38.35. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The firm has a market cap of $18.26 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 3.79 and a beta of 1.19. The business has a 50 day moving average of $22.20 and a 200 day moving average of $25.91.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. On average, research analysts forecast that Halliburton will post 2.64 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction on Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. The trade was a 11.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eric Carre sold 51,179 shares of Halliburton stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.00, for a total value of $1,279,475.00. Following the transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,177,525. This trade represents a 28.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,576 shares of company stock valued at $1,631,457. Corporate insiders own 0.61% of the company’s stock.

Halliburton 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.