Livforsakringsbolaget Skandia Omsesidigt Boosts Stake in Halliburton (NYSE:HAL)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Halliburton (NYSE:HAL) by 113.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,447 shares of the oilfield services company’s stock after acquiring an additional 1,835 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Halliburton were worth $125,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. MCF Advisors LLC increased its stake in shares of Halliburton by 5.3% in the third quarter. MCF Advisors LLC now owns 4,643 shares of the oilfield services company’s stock worth $188,000 after acquiring an additional 232 shares during the period. Arcadia Investment Management Corp MI increased its holdings in Halliburton by 0.7% in the third quarter. Arcadia Investment Management Corp MI now owns 37,010 shares of the oilfield services company’s stock valued at $1,499,000 after buying an additional 250 shares in the last quarter. Nvwm LLC increased its holdings in Halliburton by 1.2% in the third quarter. Nvwm LLC now owns 22,759 shares of the oilfield services company’s stock valued at $922,000 after buying an additional 259 shares in the last quarter. Stratos Wealth Advisors LLC increased its holdings in Halliburton by 3.6% in the third quarter. Stratos Wealth Advisors LLC now owns 7,605 shares of the oilfield services company’s stock valued at $308,000 after buying an additional 263 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its stake in shares of Halliburton by 2.3% during the third quarter. Lake Street Advisors Group LLC now owns 11,972 shares of the oilfield services company’s stock worth $485,000 after purchasing an additional 268 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Price Performance

Halliburton stock opened at $38.65 on Friday. The company’s 50 day simple moving average is $37.39 and its 200-day simple moving average is $37.42. The company has a market capitalization of $34.26 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 0.97 and a beta of 2.00. Halliburton has a 1 year low of $27.84 and a 1 year high of $43.85. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.48 and a current ratio of 2.06.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.78 billion. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. As a group, equities research analysts expect that Halliburton will post 3.42 earnings per share for the current year.

Halliburton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a dividend of $0.17 per share. This is an increase from Halliburton’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.76%. The ex-dividend date was Tuesday, March 5th. Halliburton’s dividend payout ratio is presently 23.21%.

Wall Street Analysts Forecast Growth

HAL has been the subject of a number of research reports. StockNews.com cut shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Sunday, April 14th. UBS Group boosted their target price on shares of Halliburton from $44.00 to $48.00 in a research note on Monday, January 22nd. TD Cowen boosted their target price on shares of Halliburton from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Atb Cap Markets lowered shares of Halliburton from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 22nd. Finally, Susquehanna restated a “positive” rating and set a $49.00 price target on shares of Halliburton in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.53.

Insider Buying and Selling

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

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.