Halliburton Company (HAL) Stake Raised by E&G Advisors LP
E&G Advisors LP lifted its position in shares of Halliburton Company (NYSE:HAL) by 140.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,135 shares of the oilfield services company’s stock after acquiring an additional 6,500 shares during the quarter. E&G Advisors LP’s holdings in Halliburton were worth $544,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Graybill Bartz & Assoc Ltd. purchased a new stake in shares of Halliburton during the 4th quarter worth about $3,214,000. CWM LLC boosted its stake in shares of Halliburton by 2,176.7% during the 4th quarter. CWM LLC now owns 679,204 shares of the oilfield services company’s stock worth $33,193,000 after acquiring an additional 649,371 shares in the last quarter. Banced Corp purchased a new stake in shares of Halliburton during the 4th quarter worth about $211,000. Skylands Capital LLC boosted its stake in shares of Halliburton by 4.2% during the 4th quarter. Skylands Capital LLC now owns 90,950 shares of the oilfield services company’s stock worth $4,445,000 after acquiring an additional 3,675 shares in the last quarter. Finally, Private Capital Advisors Inc. purchased a new stake in shares of Halliburton during the 4th quarter worth about $1,808,000. 79.88% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on HAL shares. Piper Jaffray Companies set a $53.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday, October 30th. FBR & Co decreased their price target on shares of Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. TheStreet raised shares of Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. Deutsche Bank assumed coverage on shares of Halliburton in a research note on Tuesday, October 10th. They issued a “buy” rating and a $54.00 price target on the stock. Finally, Cowen set a $50.00 price target on shares of Halliburton and gave the company a “hold” rating in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Halliburton currently has a consensus rating of “Buy” and a consensus target price of $57.21.
Shares of Halliburton Company (NYSE:HAL) opened at $52.13 on Wednesday. The company has a market cap of $46,366.82, a PE ratio of 217.22, a price-to-earnings-growth ratio of 3.04 and a beta of 1.03. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The company had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. Halliburton’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. equities research analysts expect that Halliburton Company will post 1.15 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.38%. Halliburton’s payout ratio is 300.01%.
In other Halliburton news, EVP Eric Carre sold 28,024 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $51.71, for a total value of $1,449,121.04. Following the completion of the sale, the executive vice president now owns 173,767 shares in the company, valued at approximately $8,985,491.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman David J. Lesar sold 50,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the completion of the sale, the chairman now owns 490,143 shares of the company’s stock, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,612 shares of company stock valued at $6,556,433. 0.47% of the stock is owned by insiders.
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Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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