Amalgamated Bank Sells 6,668 Shares of Halliburton (NYSE:HAL)

Amalgamated Bank decreased its holdings in Halliburton (NYSE:HAL) by 2.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 222,860 shares of the oilfield services company’s stock after selling 6,668 shares during the period. Amalgamated Bank’s holdings in Halliburton were worth $8,056,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Halliburton by 106.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 185,217 shares of the oilfield services company’s stock worth $7,501,000 after purchasing an additional 95,487 shares during the last quarter. Pinnacle Associates Ltd. purchased a new stake in shares of Halliburton in the third quarter worth $229,000. Stratos Wealth Advisors LLC increased its stake in Halliburton by 3.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 7,605 shares of the oilfield services company’s stock valued at $308,000 after purchasing an additional 263 shares in the last quarter. NorthRock Partners LLC purchased a new position in Halliburton in the 3rd quarter worth approximately $208,000. Finally, Everhart Financial Group Inc. purchased a new position in shares of Halliburton in the third quarter worth $213,000. Institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Royal Bank of Canada restated an “outperform” rating and set a $45.00 price objective on shares of Halliburton in a research report on Wednesday, January 24th. Morgan Stanley lifted their target price 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. StockNews.com lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Jefferies Financial Group raised their price target on Halliburton from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and a consensus price target of $48.59.

Insider Buying and Selling

In related news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction on 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 in the company, valued at $339,762.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the sale, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s 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 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. 0.61% of the stock is owned by insiders.

Halliburton Stock Up 0.1 %

HAL stock opened at $36.73 on Friday. The business’s 50-day moving average price is $38.08 and its 200-day moving average price is $37.23. The stock has a market cap of $32.52 billion, a P/E ratio of 12.71, a PEG ratio of 0.93 and a beta of 2.01. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. Halliburton has a twelve month low of $27.84 and a twelve month high of $43.85.

Halliburton (NYSE:HAL) last released its earnings results 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. The company had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 EPS. On average, equities research analysts forecast that Halliburton will post 3.39 EPS for the current year.

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.