Congress Wealth Management LLC DE acquired a new stake in shares of Halliburton (NYSE:HAL – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 67,013 shares of the oilfield services company’s stock, valued at approximately $1,533,000.
A number of other institutional investors also recently modified their holdings of HAL. Morgan Stanley increased its position in Halliburton by 9.5% during the 2nd quarter. Morgan Stanley now owns 4,581,072 shares of the oilfield services company’s stock valued at $105,914,000 after purchasing an additional 396,798 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Halliburton by 1.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 525,103 shares of the oilfield services company’s stock worth $11,353,000 after buying an additional 5,092 shares during the period. Dynamic Advisor Solutions LLC grew its position in shares of Halliburton by 17.9% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 16,527 shares of the oilfield services company’s stock worth $357,000 after buying an additional 2,513 shares during the period. Vontobel Holding Ltd. grew its position in shares of Halliburton by 7.8% in the 3rd quarter. Vontobel Holding Ltd. now owns 157,245 shares of the oilfield services company’s stock worth $3,399,000 after buying an additional 11,324 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in shares of Halliburton by 15.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 227,092 shares of the oilfield services company’s stock worth $4,909,000 after buying an additional 30,055 shares during the period. 75.98% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on HAL shares. Susquehanna upped their target price on shares of Halliburton from $32.00 to $33.00 and gave the stock a “positive” rating in a research report on Tuesday, January 25th. BMO Capital Markets upped their price target on shares of Halliburton from $29.00 to $32.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 25th. Wells Fargo & Company upped their price target on shares of Halliburton from $30.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 31st. JPMorgan Chase & Co. upped their price target on shares of Halliburton from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 25th. Finally, Susquehanna Bancshares upped their price target on shares of Halliburton from $32.00 to $33.00 and gave the stock a “positive” rating in a research note on Tuesday, January 25th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $31.44.
Halliburton (NYSE:HAL – Get Rating) last released its earnings results on Monday, January 24th. The oilfield services company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Halliburton had a net margin of 9.53% and a return on equity of 16.76%. The company had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the business earned $0.18 EPS. The firm’s revenue was up 32.1% compared to the same quarter last year. As a group, research analysts anticipate that Halliburton will post 1.83 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 23rd. Shareholders of record on Wednesday, March 2nd were paid a dividend of $0.12 per share. This is a boost from Halliburton’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, March 1st. This represents a $0.48 dividend on an annualized basis and a yield of 1.16%. Halliburton’s dividend payout ratio (DPR) is presently 29.45%.
In other news, insider Joe D. Rainey sold 20,000 shares of Halliburton stock in a transaction that occurred on Tuesday, April 12th. The shares were sold at an average price of $40.73, for a total transaction of $814,600.00. Following the sale, the insider now owns 351,299 shares in the company, valued at $14,308,408.27. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mark Richard sold 7,500 shares of Halliburton stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $40.00, for a total transaction of $300,000.00. Following the sale, the insider now owns 252,633 shares in the company, valued at approximately $10,105,320. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 311,372 shares of company stock worth $11,381,782. 0.61% of the stock is owned by company insiders.
About Halliburton (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.
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