Charles Schwab Investment Management Inc. Increases Stock Position in Halliburton (NYSE:HAL)

Charles Schwab Investment Management Inc. increased its position in Halliburton (NYSE:HAL) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,444,695 shares of the oilfield services company’s stock after buying an additional 153,419 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.61% of Halliburton worth $196,819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in HAL. Ancora Advisors LLC increased its stake in Halliburton by 443.8% during the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after buying an additional 719 shares during the period. Princeton Global Asset Management LLC bought a new stake in shares of Halliburton in the 4th quarter worth about $36,000. Criterion Capital Advisors LLC bought a new position in shares of Halliburton during the fourth quarter worth about $37,000. Stone House Investment Management LLC acquired a new position in Halliburton in the fourth quarter worth about $38,000. Finally, Farmers & Merchants Investments Inc. raised its stake in Halliburton by 27.2% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company’s stock valued at $50,000 after buying an additional 296 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on HAL. Benchmark restated a “buy” rating and set a $45.00 price objective on shares of Halliburton in a research note on Wednesday, April 24th. Jefferies Financial Group increased their price objective on shares of Halliburton from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Morgan Stanley increased their price target on Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. TD Cowen upped their price objective on Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Raymond James reduced their price target on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.59.

Halliburton Trading Up 1.2 %

Shares of HAL stock opened at $37.48 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. The stock has a 50-day simple moving average of $38.21 and a 200 day simple moving average of $37.07. Halliburton has a fifty-two week low of $27.84 and a fifty-two week high of $43.85. The stock has a market capitalization of $33.18 billion, a P/E ratio of 12.97, a P/E/G ratio of 0.93 and a beta of 2.01.

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

Insider Transactions at Halliburton

In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 759,015 shares in the company, valued at approximately $26,793,229.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jill D. Sharp sold 3,346 shares of Halliburton stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total value of $123,802.00. Following the transaction, the senior vice president now owns 40,185 shares in the company, valued at approximately $1,486,845. The disclosure for this sale can be found here. Insiders sold a total of 434,287 shares of company stock valued at $15,415,304 in the last three months. 0.61% of the stock is currently owned by corporate insiders.

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.