Hodges Capital Management Inc. Lowers Holdings in Halliburton Company (HAL)
Hodges Capital Management Inc. trimmed its stake in Halliburton Company (NYSE:HAL) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,760 shares of the oilfield services company’s stock after selling 3,304 shares during the period. Hodges Capital Management Inc.’s holdings in Halliburton were worth $2,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in HAL. Hedeker Wealth LLC lifted its position in shares of Halliburton by 6.1% in the 4th quarter. Hedeker Wealth LLC now owns 27,117 shares of the oilfield services company’s stock worth $1,325,000 after purchasing an additional 1,571 shares during the period. Aries Wealth Management purchased a new stake in shares of Halliburton in the 4th quarter worth approximately $230,000. Cypress Wealth Services LLC purchased a new stake in shares of Halliburton in the 4th quarter worth approximately $217,000. Allegis Investment Advisors LLC purchased a new stake in shares of Halliburton in the 4th quarter worth approximately $206,000. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Halliburton by 31.2% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 37,467 shares of the oilfield services company’s stock worth $1,831,000 after purchasing an additional 8,909 shares during the period. 80.38% of the stock is owned by institutional investors.
Halliburton Company (NYSE HAL) opened at $46.70 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.72 and a current ratio of 2.22. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $57.86. The stock has a market cap of $41,367.17, a P/E ratio of 38.86, a price-to-earnings-growth ratio of 2.26 and a beta of 0.97.
In other Halliburton news, insider Timothy Mckeon sold 4,583 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $54.95, for a total transaction of $251,835.85. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lawrence J. Pope sold 9,100 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $41.35, for a total transaction of $376,285.00. Following the transaction, the executive vice president now owns 180,646 shares in the company, valued at approximately $7,469,712.10. The disclosure for this sale can be found here. Insiders have sold a total of 164,507 shares of company stock worth $8,380,429 in the last 90 days. 0.46% of the stock is currently owned by company insiders.
HAL has been the subject of several research reports. Piper Jaffray Companies set a $53.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research report on Monday, October 30th. FBR & Co lowered their price target on shares of Halliburton from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. Atlantic Securities raised shares of Halliburton from an “underweight” rating to a “neutral” rating in a research report on Monday, January 29th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $65.00 price target (up previously from $55.00) on shares of Halliburton in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research raised shares of Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.73.
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Halliburton Company Profile
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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