Halliburton (NYSE:HAL) Shares Bought by Signaturefd LLC

Signaturefd LLC boosted its stake in shares of Halliburton (NYSE:HAL) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,013 shares of the oilfield services company’s stock after buying an additional 915 shares during the period. Signaturefd LLC’s holdings in Halliburton were worth $507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ancora Advisors LLC boosted its stake in Halliburton by 443.8% during the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after buying an additional 719 shares during the last quarter. Ogorek Anthony Joseph NY ADV boosted its stake in Halliburton by 1,134.6% during the third quarter. Ogorek Anthony Joseph NY ADV now owns 1,000 shares of the oilfield services company’s stock worth $40,000 after buying an additional 919 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in Halliburton during the fourth quarter worth $36,000. Stone House Investment Management LLC acquired a new position in Halliburton during the fourth quarter worth $38,000. Finally, Impact Partnership Wealth LLC acquired a new position in Halliburton during the third quarter worth $45,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity

In related news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the transaction, the director now owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the completion of the sale, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the sale, the director now directly owns 9,625 shares of the company’s stock, valued at $339,762.50. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

HAL has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Halliburton in a research note on Wednesday, January 24th. Raymond James decreased their price target on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Morgan Stanley upped their price target on Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday. Benchmark reaffirmed a “buy” rating and issued a $45.00 price target on shares of Halliburton in a research note on Wednesday. Finally, UBS Group increased their target price on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Halliburton currently has an average rating of “Buy” and a consensus price target of $48.82.

Halliburton Trading Up 0.3 %

HAL opened at $38.72 on Thursday. Halliburton has a one year low of $27.84 and a one year high of $43.85. The company has a market cap of $34.32 billion, a P/E ratio of 13.40, a PEG ratio of 0.99 and a beta of 2.00. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.48 and a current ratio of 2.12. The business’s 50-day simple moving average is $37.75 and its 200-day simple moving average is $37.40.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.67 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities research analysts expect that Halliburton will post 3.42 EPS for the current fiscal year.

About Halliburton

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.