WD Rutherford LLC Has $2.20 Million Stake in Halliburton (NYSE:HAL)

WD Rutherford LLC trimmed its position in Halliburton (NYSE:HAL) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,985 shares of the oilfield services company’s stock after selling 3,820 shares during the period. WD Rutherford LLC’s holdings in Halliburton were worth $2,203,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Impact Partnership Wealth LLC acquired a new stake in shares of Halliburton in the third quarter valued at approximately $45,000. Caprock Group LLC grew its holdings in shares of Halliburton by 26.4% in the 3rd quarter. Caprock Group LLC now owns 25,766 shares of the oilfield services company’s stock valued at $1,044,000 after acquiring an additional 5,384 shares in the last quarter. Miller Howard Investments Inc. NY increased its position in shares of Halliburton by 0.4% in the third quarter. Miller Howard Investments Inc. NY now owns 62,157 shares of the oilfield services company’s stock valued at $2,517,000 after acquiring an additional 276 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Halliburton in the third quarter valued at about $210,000. Finally, CX Institutional bought a new stake in Halliburton during the third quarter worth about $344,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HAL shares. Morgan Stanley boosted their price target on Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $45.00 price target on shares of Halliburton in a research report on Wednesday, January 24th. Susquehanna reissued a “positive” rating and issued a $49.00 price objective on shares of Halliburton in a research report on Monday, April 8th. Barclays dropped their target price on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. Finally, UBS Group lifted their price target on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $48.82.

Insider Activity

In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the sale, the chief executive officer now directly owns 759,015 shares in the company, valued at approximately $26,793,229.50. The sale was disclosed in a filing with the SEC, which is available 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 sale, the director now owns 9,625 shares in the company, valued at $339,762.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the transaction, the chief executive officer now owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Halliburton Stock Down 0.5 %

HAL stock opened at $38.54 on Friday. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. Halliburton has a 52 week low of $27.84 and a 52 week high of $43.85. The company has a market cap of $34.12 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 1.00 and a beta of 2.00. The business has a 50-day simple moving average of $37.88 and a 200 day simple moving average of $37.39.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The business had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same quarter last year, the business posted $0.72 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Sell-side analysts anticipate that Halliburton will post 3.4 EPS for the current fiscal year.

Halliburton 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.