9,359 Shares in Halliburton (NYSE:HAL) Purchased by Sunpointe LLC

Sunpointe LLC purchased a new stake in Halliburton (NYSE:HAL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,359 shares of the oilfield services company’s stock, valued at approximately $338,000.

Other hedge funds have also recently modified their holdings of the company. Capital World Investors raised its position in shares of Halliburton by 0.4% in the 4th quarter. Capital World Investors now owns 121,551,234 shares of the oilfield services company’s stock worth $4,394,077,000 after acquiring an additional 479,877 shares in the last quarter. Sanders Capital LLC grew its stake in shares of Halliburton by 3.4% during the fourth quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock worth $850,927,000 after acquiring an additional 782,093 shares during the last quarter. Norges Bank purchased a new position in shares of Halliburton in the 4th quarter valued at approximately $400,070,000. Northern Trust Corp grew its position in Halliburton by 3.0% during the 3rd quarter. Northern Trust Corp now owns 9,202,160 shares of the oilfield services company’s stock worth $372,687,000 after purchasing an additional 265,680 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Halliburton by 24.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,878,811 shares of the oilfield services company’s stock worth $284,822,000 after purchasing an additional 1,568,485 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Activity

In related news, EVP Van H. Beckwith sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total transaction of $369,200.00. Following the completion of the sale, the executive vice president now directly owns 283,908 shares of the company’s stock, valued at approximately $10,481,883.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $369,200.00. Following the sale, the executive vice president now directly owns 283,908 shares in the company, valued at $10,481,883.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jill D. Sharp sold 3,346 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the completion of the transaction, the senior vice president now directly owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The disclosure for this sale can be found here. Insiders sold a total of 52,287 shares of company stock valued at $1,930,704 in the last 90 days. Company insiders own 0.61% of the company’s stock.

Halliburton Price Performance

Shares of NYSE HAL traded down $0.86 during mid-day trading on Friday, reaching $32.91. The company’s stock had a trading volume of 7,003,230 shares, compared to its average volume of 6,754,122. Halliburton has a 1-year low of $30.04 and a 1-year high of $43.85. The stock has a market capitalization of $29.14 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.88 and a beta of 1.93. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. The stock has a 50-day moving average of $37.10 and a two-hundred day moving average of $36.50.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, topping 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 firm had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.67 billion. During the same quarter last year, the business posted $0.72 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Halliburton will post 3.39 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $0.68 annualized dividend and a yield of 2.07%. Halliburton’s payout ratio is 23.53%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HAL shares. Wells Fargo & Company decreased their price target on Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Susquehanna reaffirmed a “positive” rating and issued a $49.00 price objective on shares of Halliburton in a report on Monday, April 8th. Morgan Stanley raised their target price on Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. StockNews.com upgraded Halliburton from a “hold” rating to a “buy” rating in a research report on Thursday, May 30th. Finally, The Goldman Sachs Group raised their price objective on Halliburton from $46.00 to $48.00 in a report on Tuesday, April 23rd. One 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 MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $49.06.

Halliburton Company 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.