Collaborative Fund Advisors LLC Invests $1.03 Million in Halliburton Company $HAL

Collaborative Fund Advisors LLC purchased a new stake in Halliburton Company (NYSE:HAL) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,389 shares of the oilfield services company’s stock, valued at approximately $1,029,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nvest Wealth Strategies Inc. acquired a new position in shares of Halliburton during the 4th quarter worth approximately $25,000. Kelleher Financial Advisors bought a new stake in shares of Halliburton in the third quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Halliburton in the second quarter valued at approximately $25,000. Zions Bancorporation National Association UT grew its position in Halliburton by 196.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after buying an additional 650 shares in the last quarter. Finally, Strive Asset Management LLC acquired a new stake in Halliburton during the third quarter worth approximately $31,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

HAL has been the subject of several analyst reports. BMO Capital Markets lifted their price objective on Halliburton from $42.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Morgan Stanley increased their target price on Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Citigroup raised their price target on Halliburton from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Rothschild & Co Redburn boosted their price target on Halliburton from $40.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Capital One Financial upped their price objective on shares of Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and an average target price of $43.32.

Insider Activity

In other Halliburton news, CFO Eric Carre sold 24,778 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total value of $889,282.42. Following the sale, the chief financial officer owned 148,520 shares in the company, valued at $5,330,382.80. This trade represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Tobi M. Young sold 6,125 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $41.72, for a total transaction of $255,535.00. Following the completion of the sale, the director owned 15,250 shares in the company, valued at $636,230. This represents a 28.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 258,255 shares of company stock valued at $10,550,535. Corporate insiders own 0.57% of the company’s stock.

Halliburton Stock Up 0.1%

NYSE HAL opened at $32.98 on Monday. The business has a fifty day moving average price of $38.90 and a two-hundred day moving average price of $35.86. The stock has a market capitalization of $27.55 billion, a PE ratio of 18.12, a PEG ratio of 1.43 and a beta of 0.71. Halliburton Company has a fifty-two week low of $20.17 and a fifty-two week high of $43.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The company had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.37 billion. During the same quarter last year, the company posted $0.60 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. Equities analysts expect that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.68 annualized dividend and a yield of 2.1%. Halliburton’s payout ratio is presently 37.36%.

About Halliburton

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.