VeraBank N.A. Sells 335 Shares of Halliburton (NYSE:HAL)

VeraBank N.A. reduced its position in shares of Halliburton (NYSE:HAL) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,185 shares of the oilfield services company’s stock after selling 335 shares during the quarter. VeraBank N.A.’s holdings in Halliburton were worth $802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HAL. Nordea Investment Management AB lifted its stake in Halliburton by 271.0% during the 4th quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company’s stock valued at $27,781,000 after acquiring an additional 561,020 shares during the period. Cerity Partners LLC lifted its position in Halliburton by 69.5% during the fourth quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock valued at $7,472,000 after purchasing an additional 84,771 shares during the period. KLCM Advisors Inc. boosted its holdings in Halliburton by 6.9% in the fourth quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company’s stock valued at $17,722,000 after purchasing an additional 31,534 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in Halliburton by 65.4% in the fourth quarter. Vontobel Holding Ltd. now owns 57,920 shares of the oilfield services company’s stock valued at $2,094,000 after purchasing an additional 22,906 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Halliburton by 13.1% during the 3rd quarter. California State Teachers Retirement System now owns 2,037,646 shares of the oilfield services company’s stock worth $82,525,000 after purchasing an additional 235,906 shares during the period. Institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In other 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 $339,762.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the sale, the director now owns 9,625 shares of the company’s stock, valued at $339,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.30, for a total value of $13,308,100.00. Following the completion of 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. 0.61% of the stock is currently owned by corporate insiders.

Halliburton Trading Up 0.1 %

Halliburton stock traded up $0.03 during trading on Friday, reaching $36.73. 3,899,005 shares of the company were exchanged, compared to its average volume of 6,076,928. Halliburton has a 52-week low of $27.84 and a 52-week high of $43.85. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.12 and a quick ratio of 1.52. The stock’s 50 day simple moving average is $38.08 and its two-hundred day simple moving average is $37.23. The company has a market capitalization of $32.52 billion, a P/E ratio of 12.71, a PEG ratio of 0.93 and a beta of 2.01.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. On average, equities research analysts expect that Halliburton will post 3.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HAL. UBS Group raised their target price on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Morgan Stanley boosted their target price on shares of Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Susquehanna reissued a “positive” rating and set a $49.00 price target on shares of Halliburton in a report on Monday, April 8th. StockNews.com lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Citigroup lifted their price target on Halliburton from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $48.59.

About Halliburton

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.