Militia Capital Management LLC Purchases Shares of 23,200 Halliburton Company $HAL

Militia Capital Management LLC acquired a new position in Halliburton Company (NYSE:HAL) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 23,200 shares of the oilfield services company’s stock, valued at approximately $905,000.

A number of other large investors have also recently made changes to their positions in the business. Capital Research Global Investors raised its stake in Halliburton by 21.1% in the fourth quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock worth $3,114,848,000 after buying an additional 19,190,520 shares in the last quarter. State Street Corp boosted its position in Halliburton by 1.7% during the 4th quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company’s stock valued at $1,436,336,000 after acquiring an additional 861,964 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Halliburton by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company’s stock worth $878,806,000 after acquiring an additional 443,064 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Halliburton by 82,596.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock worth $841,339,000 after acquiring an additional 29,735,387 shares during the period. Finally, Morgan Stanley raised its position in shares of Halliburton by 14.0% in the 4th quarter. Morgan Stanley now owns 15,806,168 shares of the oilfield services company’s stock worth $446,682,000 after acquiring an additional 1,943,845 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Tobi M. Young sold 6,125 shares of Halliburton stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $41.72, for a total value of $255,535.00. Following the completion of the sale, the director owned 15,250 shares of the company’s stock, valued at $636,230. The trade was a 28.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Timothy Mckeon sold 8,655 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $42.00, for a total value of $363,510.00. Following the sale, the vice president owned 72,976 shares of the company’s stock, valued at approximately $3,064,992. This trade represents a 10.60% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 258,255 shares of company stock worth $10,550,535. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on HAL shares. TD Cowen lowered their target price on Halliburton from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday. HSBC upped their price target on Halliburton from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Freedom Capital raised Halliburton from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Citigroup raised their price objective on Halliburton from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Barclays reduced their target price on shares of Halliburton from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.14.

Halliburton Stock Performance

Halliburton stock opened at $32.68 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $27.30 billion, a P/E ratio of 17.11, a PEG ratio of 1.52 and a beta of 0.71. The stock’s 50 day moving average is $37.11 and its 200 day moving average is $36.47. Halliburton Company has a twelve month low of $20.39 and a twelve month high of $43.59.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. On average, equities research analysts predict that Halliburton Company will post 2.36 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, June 3rd. Halliburton’s dividend payout ratio (DPR) is presently 37.36%.

Trending Headlines about Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton won a new contract with Basra Oil Company to provide integrated field management, digital solutions, and EPCM services in southern Iraq, adding another large-scale international project to its backlog. Halliburton (HAL) Lands Iraq Field Development Contract With Basra Oil Company
• Positive Sentiment: The company also secured a multi-year agreement with Kuwait Oil Company to support the Ahmadi Innovation Valley, reinforcing Halliburton’s international growth story and technology-led strategy. Halliburton’s Outlook Improves as New Awards Build Momentum After Flat Q2, RBC Says
• Positive Sentiment: Second-quarter results topped expectations, with revenue of $5.71 billion and EPS of $0.55, while international revenue hit a 10-year high and margins expanded, which supports confidence in earnings resilience. Halliburton Tops Estimates as International Demand Strengthens
• Neutral Sentiment: Several brokerages lowered price targets after the earnings release, but most kept bullish ratings, suggesting analysts still see upside despite a more cautious valuation view. These Analysts Cut Their Forecasts On Halliburton Following Q2 Results
• Negative Sentiment: The company’s post-earnings outlook was described as tepid by some coverage, with warnings about a slower Middle East recovery and uneven execution tempering enthusiasm. Halliburton tumbles on tepid revenue forecast, Middle East recovery warning

Halliburton Company 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.