Regent Investment Management LLC lessened its stake in Halliburton (NYSE:HAL) by 44.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,705 shares of the oilfield services company’s stock after selling 8,425 shares during the quarter. Regent Investment Management LLC’s holdings in Halliburton were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of HAL. Flagship Harbor Advisors LLC increased its holdings in Halliburton by 8.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 4,392 shares of the oilfield services company’s stock worth $128,000 after buying an additional 342 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in Halliburton by 4.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 7,980 shares of the oilfield services company’s stock worth $212,000 after buying an additional 361 shares in the last quarter. One Capital Management LLC increased its holdings in Halliburton by 0.7% in the 4th quarter. One Capital Management LLC now owns 53,646 shares of the oilfield services company’s stock worth $1,426,000 after buying an additional 369 shares in the last quarter. Tlwm increased its holdings in Halliburton by 3.8% in the 4th quarter. Tlwm now owns 10,166 shares of the oilfield services company’s stock worth $307,000 after buying an additional 369 shares in the last quarter. Finally, Welch & Forbes LLC increased its holdings in Halliburton by 4.5% in the 4th quarter. Welch & Forbes LLC now owns 9,000 shares of the oilfield services company’s stock worth $239,000 after buying an additional 390 shares in the last quarter. 80.94% of the stock is owned by hedge funds and other institutional investors.

HAL stock opened at $31.09 on Tuesday. Halliburton has a twelve month low of $24.70 and a twelve month high of $54.91. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.32. The stock has a market cap of $27.17 billion, a PE ratio of 16.36, a P/E/G ratio of 1.66 and a beta of 1.17.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, April 22nd. The oilfield services company reported $0.23 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.23. Halliburton had a return on equity of 18.57% and a net margin of 6.90%. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.53 billion. During the same period in the previous year, the firm earned $0.41 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that Halliburton will post 1.35 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.32%. Halliburton’s payout ratio is currently 37.89%.

In other news, CFO Lance Loeffler sold 5,926 shares of Halliburton stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $28.35, for a total transaction of $168,002.10. Following the transaction, the chief financial officer now directly owns 55,885 shares of the company’s stock, valued at approximately $1,584,339.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by insiders.

Several research firms recently commented on HAL. SunTrust Banks reduced their price objective on Halliburton to $39.00 and set an “average” rating for the company in a report on Tuesday. Barclays reduced their price objective on Halliburton from $38.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Zacks Investment Research downgraded Halliburton from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. UBS Group set a $40.00 price target on Halliburton and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Finally, Stifel Nicolaus set a $36.00 price target on Halliburton and gave the company a “buy” rating in a research note on Tuesday, January 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $44.58.

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About Halliburton

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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