Alpha DNA Investment Management LLC grew its position in shares of Halliburton (NYSE:HAL) by 88.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,645 shares of the oilfield services company’s stock after buying an additional 1,245 shares during the period. Alpha DNA Investment Management LLC’s holdings in Halliburton were worth $56,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC bought a new position in Halliburton during the 1st quarter worth $32,000. Veriti Management LLC acquired a new stake in shares of Halliburton during the 4th quarter worth $35,000. Prestige Wealth Management Group LLC grew its holdings in shares of Halliburton by 67.2% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,839 shares of the oilfield services company’s stock worth $35,000 after purchasing an additional 739 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Halliburton by 42.6% during the 1st quarter. Allworth Financial LP now owns 1,734 shares of the oilfield services company’s stock worth $37,000 after purchasing an additional 518 shares in the last quarter. Finally, Sage Private Wealth Group LLC acquired a new stake in shares of Halliburton during the 4th quarter worth $38,000. Hedge funds and other institutional investors own 76.53% of the company’s stock.
Several analysts have recently issued reports on HAL shares. Morgan Stanley increased their target price on Halliburton from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Thursday, April 22nd. Zacks Investment Research raised Halliburton from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a report on Monday, April 12th. Atb Cap Markets raised Halliburton from a “sector perform” rating to an “outperform” rating in a report on Wednesday, April 21st. The Goldman Sachs Group started coverage on Halliburton in a report on Thursday, May 13th. They set a “neutral” rating and a $25.00 target price on the stock. Finally, Credit Suisse Group raised their price objective on Halliburton from $16.00 to $16.50 and gave the company a “neutral” rating in a research note on Thursday, April 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Halliburton currently has an average rating of “Buy” and an average price target of $20.59.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, April 20th. The oilfield services company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. Halliburton had a positive return on equity of 9.26% and a negative net margin of 13.67%. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same period last year, the company earned $0.31 earnings per share. The firm’s revenue was down 31.5% compared to the same quarter last year. On average, research analysts predict that Halliburton will post 0.98 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 23rd. Stockholders of record on Wednesday, June 2nd will be given a dividend of $0.045 per share. The ex-dividend date of this dividend is Tuesday, June 1st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.75%. Halliburton’s dividend payout ratio (DPR) is 27.69%.
In other news, EVP Eric Carre sold 24,260 shares of the firm’s stock in a transaction dated Thursday, May 6th. The stock was sold at an average price of $21.90, for a total transaction of $531,294.00. Following the completion of the transaction, the executive vice president now directly owns 133,320 shares in the company, valued at $2,919,708. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is owned by company insiders.
Halliburton Company 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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