Cetera Advisors LLC trimmed its holdings in shares of Halliburton (NYSE:HAL) by 12.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,099 shares of the oilfield services company’s stock after selling 1,249 shares during the quarter. Cetera Advisors LLC’s holdings in Halliburton were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. SevenBridge Financial Group LLC grew its position in Halliburton by 387.5% during the fourth quarter. SevenBridge Financial Group LLC now owns 975 shares of the oilfield services company’s stock worth $26,000 after buying an additional 775 shares in the last quarter. Essex Savings Bank purchased a new position in shares of Halliburton in the 4th quarter worth about $27,000. Paragon Capital Management LLC purchased a new position in shares of Halliburton in the 1st quarter worth about $29,000. American Research & Management Co. purchased a new position in shares of Halliburton in the 1st quarter worth about $29,000. Finally, Barnett & Company Inc. purchased a new position in shares of Halliburton in the 1st quarter worth about $29,000. Institutional investors and hedge funds own 81.68% of the company’s stock.
HAL has been the subject of a number of research reports. UBS Group set a $40.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Morgan Stanley set a $40.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Zacks Investment Research cut Halliburton from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Raymond James set a $45.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Finally, Barclays set a $38.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $44.71.
Halliburton (NYSE:HAL) last released its earnings results on Monday, April 22nd. The oilfield services company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. Halliburton had a return on equity of 16.26% and a net margin of 7.34%. The company had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.53 billion. During the same quarter in the previous year, the company posted $0.41 EPS. Halliburton’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts forecast that Halliburton will post 1.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, June 4th. Halliburton’s dividend payout ratio (DPR) is presently 37.89%.
In other news, CFO Lance Loeffler sold 5,926 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $28.35, for a total value of $168,002.10. Following the completion of the sale, the chief financial officer now owns 55,885 shares of the company’s stock, valued at approximately $1,584,339.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.61% of the company’s stock.
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 bonding the well, well casing, and casing equipment.
See Also: Net Income
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