Halliburton Company $HAL Shares Purchased by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC boosted its position in shares of Halliburton Company (NYSE:HAL) by 73.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,364 shares of the oilfield services company’s stock after buying an additional 12,418 shares during the quarter. Applied Finance Capital Management LLC’s holdings in Halliburton were worth $830,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new position in Halliburton during the third quarter valued at $25,000. Nvest Wealth Strategies Inc. purchased a new position in shares of Halliburton in the fourth quarter worth about $25,000. Kelleher Financial Advisors purchased a new position in shares of Halliburton in the third quarter worth about $25,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Halliburton in the second quarter worth about $25,000. Finally, Strive Asset Management LLC purchased a new position in shares of Halliburton in the third quarter worth about $31,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Buying and Selling

In other news, EVP Van H. Beckwith sold 19,618 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $33.82, for a total transaction of $663,480.76. Following the completion of the sale, the executive vice president owned 344,535 shares in the company, valued at approximately $11,652,173.70. The trade was a 5.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Allen Miller sold 158,455 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $6,338,200.00. Following the sale, the chief executive officer owned 1,013,027 shares of the company’s stock, valued at $40,521,080. This represents a 13.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 222,488 shares of company stock valued at $8,789,305 over the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on HAL. Griffin Securities upgraded shares of Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Wednesday, April 22nd. Rothschild & Co Redburn raised their price objective on shares of Halliburton from $40.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday. Capital One Financial raised their price objective on shares of Halliburton from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Citigroup lifted their price target on shares of Halliburton from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Susquehanna lifted their price target on shares of Halliburton from $40.00 to $45.00 and gave the company a “positive” rating in a research report on Tuesday, April 7th. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.45.

Halliburton Trading Up 1.0%

Shares of HAL stock opened at $41.71 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08. The stock has a market capitalization of $34.85 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 1.83 and a beta of 0.73. The company has a 50 day moving average price of $38.24 and a 200 day moving average price of $33.12. Halliburton Company has a fifty-two week low of $19.38 and a fifty-two week high of $42.46.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.37 billion. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. Equities research analysts predict that Halliburton Company will post 2.32 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were paid a $0.17 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. Halliburton’s payout ratio is currently 37.36%.

Halliburton Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.