Chatham Capital Group Inc. Raises Holdings in Halliburton (NYSE:HAL)

Chatham Capital Group Inc. boosted its stake in shares of Halliburton (NYSE:HAL) by 13.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,390 shares of the oilfield services company’s stock after acquiring an additional 2,815 shares during the quarter. Chatham Capital Group Inc.’s holdings in Halliburton were worth $846,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HAL. Sei Investments Co. grew its position in Halliburton by 259.5% during the first quarter. Sei Investments Co. now owns 166,407 shares of the oilfield services company’s stock valued at $6,281,000 after buying an additional 120,122 shares during the period. Canada Pension Plan Investment Board lifted its stake in Halliburton by 70.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 128,001 shares of the oilfield services company’s stock valued at $4,847,000 after buying an additional 52,933 shares in the last quarter. Prudential PLC purchased a new stake in Halliburton during the 1st quarter worth approximately $696,000. Parkside Financial Bank & Trust raised its holdings in shares of Halliburton by 81.5% during the first quarter. Parkside Financial Bank & Trust now owns 2,347 shares of the oilfield services company’s stock valued at $89,000 after acquiring an additional 1,054 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Halliburton by 83.7% in the first quarter. Covestor Ltd now owns 3,384 shares of the oilfield services company’s stock valued at $128,000 after acquiring an additional 1,542 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling

In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the transaction, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the transaction, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the transaction, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HAL has been the topic of a number of research reports. Atb Cap Markets lowered Halliburton from an “outperform” rating to a “sector perform” rating in a report on Friday, December 22nd. Barclays cut their price objective on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. Susquehanna restated a “positive” rating and set a $49.00 target price on shares of Halliburton in a report on Tuesday, February 13th. UBS Group increased their price target on Halliburton from $44.00 to $48.00 in a report on Monday, January 22nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $45.00 target price on shares of Halliburton in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.63.

Halliburton Trading Up 1.5 %

Shares of NYSE:HAL traded up $0.59 during mid-day trading on Friday, reaching $39.42. 5,828,649 shares of the company were exchanged, compared to its average volume of 6,705,824. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.06 and a quick ratio of 1.48. The firm has a market cap of $35.09 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 0.99 and a beta of 1.99. The firm’s 50-day simple moving average is $36.18 and its 200 day simple moving average is $37.56. Halliburton has a 1 year low of $27.84 and a 1 year high of $43.85.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.78 billion. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted $0.72 EPS. Equities research analysts forecast that Halliburton will post 3.43 EPS for the current year.

Halliburton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.73%. This is a boost from Halliburton’s previous quarterly dividend of $0.16. Halliburton’s dividend payout ratio (DPR) is presently 23.21%.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through 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; and 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.