Citizens Financial Group Inc. RI Acquires 1,300 Shares of Halliburton (NYSE:HAL)

Citizens Financial Group Inc. RI grew its holdings in shares of Halliburton (NYSE:HAL) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,361 shares of the oilfield services company’s stock after purchasing an additional 1,300 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Halliburton were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sourcerock Group LLC raised its holdings in Halliburton by 237.6% in the 3rd quarter. Sourcerock Group LLC now owns 1,677,194 shares of the oilfield services company’s stock worth $67,926,000 after acquiring an additional 1,180,406 shares during the period. Jennison Associates LLC raised its holdings in Halliburton by 51.2% in the 4th quarter. Jennison Associates LLC now owns 2,539,062 shares of the oilfield services company’s stock worth $91,787,000 after acquiring an additional 859,440 shares during the period. Schonfeld Strategic Advisors LLC raised its holdings in Halliburton by 1,507.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 852,357 shares of the oilfield services company’s stock worth $34,520,000 after acquiring an additional 799,337 shares during the period. Barclays PLC raised its holdings in Halliburton by 32.7% in the 3rd quarter. Barclays PLC now owns 2,339,859 shares of the oilfield services company’s stock worth $94,766,000 after acquiring an additional 575,933 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Halliburton by 271.0% in the 4th quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company’s stock worth $27,781,000 after acquiring an additional 561,020 shares during the period. Institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HAL. Barclays decreased their price target on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. Raymond James decreased their price target on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Morgan Stanley raised their price target on shares of Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Benchmark restated a “buy” rating and issued a $45.00 price target on shares of Halliburton in a research report on Wednesday. Finally, UBS Group raised their price target on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $48.82.

Halliburton Price Performance

NYSE:HAL opened at $38.54 on Friday. The firm has a market cap of $34.12 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.99 and a beta of 2.00. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $37.88 and its two-hundred day moving average price is $37.36.

Halliburton (NYSE:HAL) last released its quarterly earnings results 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. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 earnings per share. On average, equities analysts anticipate that Halliburton will post 3.4 EPS for the current fiscal year.

Halliburton 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.