AdvisorShares Investments LLC Purchases Shares of 5,199 Halliburton (NYSE:HAL)

AdvisorShares Investments LLC purchased a new stake in Halliburton (NYSE:HALGet Rating) during the 1st quarter, Holdings Channel.com reports. The firm purchased 5,199 shares of the oilfield services company’s stock, valued at approximately $197,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rather & Kittrell Inc. acquired a new stake in shares of Halliburton in the 4th quarter valued at about $25,000. Hanseatic Management Services Inc. acquired a new stake in shares of Halliburton in the 1st quarter valued at about $25,000. Riverview Trust Co acquired a new stake in shares of Halliburton in the 1st quarter valued at about $27,000. First PREMIER Bank acquired a new stake in shares of Halliburton in the 1st quarter valued at about $27,000. Finally, City State Bank acquired a new stake in shares of Halliburton in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 79.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley dropped their price target on Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 13th. Stephens decreased their price objective on Halliburton to $32.00 in a report on Friday, July 22nd. Wells Fargo & Company decreased their price objective on Halliburton from $42.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday, July 20th. TheStreet cut Halliburton from a “b-” rating to a “c+” rating in a report on Wednesday, April 27th. Finally, Bank of America raised their price objective on Halliburton from $45.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, April 20th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and a consensus target price of $39.53.

Insiders Place Their Bets

In other Halliburton news, EVP Lawrence J. Pope sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $40.95, for a total transaction of $409,500.00. Following the completion of the transaction, the executive vice president now directly owns 273,342 shares in the company, valued at $11,193,354.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Halliburton news, EVP Lawrence J. Pope sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $40.95, for a total transaction of $409,500.00. Following the completion of the transaction, the executive vice president now directly owns 273,342 shares in the company, valued at $11,193,354.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joe D. Rainey sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $42.73, for a total transaction of $854,600.00. Following the transaction, the insider now owns 310,014 shares of the company’s stock, valued at $13,246,898.22. The disclosure for this sale can be found here. Insiders sold 40,000 shares of company stock worth $1,663,600 over the last three months. Insiders own 0.57% of the company’s stock.

Halliburton Trading Up 1.9 %

Halliburton stock opened at $27.79 on Friday. Halliburton has a 52 week low of $17.82 and a 52 week high of $43.99. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.60 and a current ratio of 2.15. The stock has a market capitalization of $25.20 billion, a P/E ratio of 17.48 and a beta of 2.15. The stock has a 50-day simple moving average of $32.52 and a 200 day simple moving average of $34.41.

Halliburton (NYSE:HALGet Rating) last issued its quarterly earnings data on Tuesday, July 19th. The oilfield services company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.71 billion. Halliburton had a net margin of 8.19% and a return on equity of 19.91%. The business’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. Analysts expect that Halliburton will post 2.01 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 1st were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 31st. This represents a $0.48 annualized dividend and a yield of 1.73%. Halliburton’s dividend payout ratio (DPR) is presently 30.19%.

About Halliburton

(Get Rating)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

Further Reading

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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