Halliburton (NYSE:HAL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in Halliburton (NYSE:HALGet Rating) by 8.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,333,757 shares of the oilfield services company’s stock after selling 123,799 shares during the period. Principal Financial Group Inc. owned about 0.15% of Halliburton worth $30,503,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Affinity Investment Advisors LLC increased its holdings in Halliburton by 1.2% in the 4th quarter. Affinity Investment Advisors LLC now owns 33,916 shares of the oilfield services company’s stock valued at $776,000 after purchasing an additional 396 shares during the last quarter. Sheets Smith Wealth Management increased its holdings in Halliburton by 3.5% in the 4th quarter. Sheets Smith Wealth Management now owns 12,020 shares of the oilfield services company’s stock valued at $275,000 after purchasing an additional 410 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Halliburton by 5.0% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,432 shares of the oilfield services company’s stock valued at $204,000 after purchasing an additional 450 shares during the last quarter. Magnolia Capital Advisors LLC increased its holdings in Halliburton by 2.1% in the 3rd quarter. Magnolia Capital Advisors LLC now owns 24,550 shares of the oilfield services company’s stock valued at $531,000 after purchasing an additional 501 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in Halliburton by 1.2% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 45,859 shares of the oilfield services company’s stock valued at $1,049,000 after purchasing an additional 533 shares during the last quarter. Hedge funds and other institutional investors own 79.17% of the company’s stock.

Shares of HAL opened at $36.10 on Friday. Halliburton has a 1-year low of $17.82 and a 1-year high of $42.60. The stock has a market cap of $32.56 billion, a PE ratio of 20.87 and a beta of 2.29. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.19 and a quick ratio of 1.61. The firm has a fifty day moving average price of $37.34 and a 200 day moving average price of $30.45.

Halliburton (NYSE:HALGet Rating) last announced its quarterly earnings results on Tuesday, April 19th. The oilfield services company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Halliburton had a net margin of 9.61% and a return on equity of 17.83%. Halliburton’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. As a group, equities analysts expect that Halliburton will post 1.9 EPS for the current fiscal year.

HAL has been the subject of several research reports. Morgan Stanley lifted their target price on shares of Halliburton from $32.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, April 11th. Barclays raised their price target on shares of Halliburton from $36.00 to $50.00 in a research report on Wednesday, April 27th. HSBC raised shares of Halliburton from a “hold” rating to a “buy” rating and raised their price target for the company from $36.60 to $41.60 in a research report on Wednesday, April 27th. Stifel Nicolaus raised their price target on shares of Halliburton from $32.00 to $42.00 in a research report on Friday, April 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Halliburton from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, January 25th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $37.93.

In other Halliburton news, CFO Lance Loeffler sold 27,912 shares of Halliburton stock in a transaction on Monday, April 18th. The shares were sold at an average price of $42.00, for a total value of $1,172,304.00. Following the transaction, the chief financial officer now directly owns 135,681 shares in the company, valued at $5,698,602. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Timothy Mckeon sold 4,900 shares of Halliburton stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $41.00, for a total transaction of $200,900.00. Following the completion of the transaction, the vice president now owns 43,782 shares in the company, valued at $1,795,062. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 286,790 shares of company stock worth $11,033,166. 0.57% of the stock is currently owned by company insiders.

Halliburton Company Profile (Get Rating)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

See Also

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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