Hara Capital LLC Invests $1.75 Million in Halliburton Company $HAL

Hara Capital LLC bought a new stake in shares of Halliburton Company (NYSE:HAL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 51,691 shares of the oilfield services company’s stock, valued at approximately $1,755,000.

A number of other large investors have also bought and sold shares of the stock. Nvest Wealth Strategies Inc. bought a new position in shares of Halliburton in the fourth quarter worth approximately $25,000. Kelleher Financial Advisors purchased a new stake in Halliburton during the 3rd quarter valued at $25,000. Newbridge Financial Services Group Inc. bought a new stake in Halliburton in the 2nd quarter worth $25,000. Meeder Asset Management Inc. bought a new stake in Halliburton in the 2nd quarter worth $26,000. Finally, Zions Bancorporation National Association UT increased its position in shares of Halliburton by 196.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock valued at $28,000 after acquiring an additional 650 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Price Performance

HAL stock opened at $35.69 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. The firm has a 50 day moving average price of $34.03 and a 200-day moving average price of $36.51. Halliburton Company has a 52-week low of $20.83 and a 52-week high of $43.59. The firm has a market capitalization of $29.73 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.19 and a beta of 0.73.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The business had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts forecast that Halliburton Company will post 2.34 EPS for the current fiscal year.

Insider Transactions at Halliburton

In other Halliburton news, CFO Eric Carre sold 24,778 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $35.89, for a total transaction of $889,282.42. Following the completion of the sale, the chief financial officer directly owned 148,520 shares in the company, valued at $5,330,382.80. The trade was a 14.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the completion of the transaction, the chief operating officer owned 118,730 shares in the company, valued at $4,166,235.70. This trade represents a 30.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HAL shares. Citigroup upped their price objective on shares of Halliburton from $47.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Wolfe Research began coverage on Halliburton in a report on Wednesday, July 8th. They set a “peer perform” rating on the stock. Argus lowered their price target on Halliburton from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. TD Cowen dropped their price objective on Halliburton from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Finally, Morgan Stanley cut their price objective on Halliburton from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Eighteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.10.

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.