Ladenburg Thalmann Financial Services Inc. Has $2.19 Million Position in Halliburton (HAL)

Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Halliburton (NYSE:HAL) by 5.0% in the fourth quarter, Holdings Channel reports. The firm owned 44,794 shares of the oilfield services company’s stock after buying an additional 2,138 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Halliburton were worth $2,190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Madison Investment Holdings Inc. purchased a new stake in shares of Halliburton during the 4th quarter worth $4,875,000. Brown Advisory Inc. lifted its stake in shares of Halliburton by 17.3% during the 3rd quarter. Brown Advisory Inc. now owns 56,745 shares of the oilfield services company’s stock worth $2,612,000 after purchasing an additional 8,362 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in shares of Halliburton by 17.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 348,275 shares of the oilfield services company’s stock worth $16,031,000 after purchasing an additional 50,932 shares during the last quarter. Janney Capital Management LLC raised its stake in Halliburton by 19.0% in the third quarter. Janney Capital Management LLC now owns 311,916 shares of the oilfield services company’s stock valued at $14,357,000 after buying an additional 49,872 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Halliburton by 0.9% in the third quarter. California Public Employees Retirement System now owns 1,955,420 shares of the oilfield services company’s stock valued at $90,008,000 after buying an additional 17,271 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

HAL has been the subject of a number of research analyst reports. Piper Jaffray Companies set a $52.00 price target on Halliburton and gave the company a “buy” rating in a research note on Thursday, December 14th. Wells Fargo reiterated an “outperform” rating and issued a $56.00 price target (up from $51.00) on shares of Halliburton in a research note on Thursday, December 21st. Royal Bank of Canada set a $60.00 price target on Halliburton and gave the company a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research upgraded Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Tuesday, December 26th. Finally, Jefferies Group set a $57.00 price target on Halliburton and gave the company a “buy” rating in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $58.83.

In related news, EVP Robb L. Voyles sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $48.85, for a total transaction of $244,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Allen Miller sold 29,025 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $55.00, for a total value of $1,596,375.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,922 shares of company stock worth $6,706,509. 0.46% of the stock is owned by corporate insiders.

HAL stock opened at $46.44 on Friday. Halliburton has a 12 month low of $38.18 and a 12 month high of $57.86. The stock has a market capitalization of $40,578.32, a PE ratio of -87.62, a PEG ratio of 2.28 and a beta of 1.07. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 1.25.

Halliburton (NYSE:HAL) last posted its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.46 by $0.07. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.63 billion. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. Halliburton’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period last year, the company earned $0.04 earnings per share. research analysts anticipate that Halliburton will post 2.54 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, March 6th. Halliburton’s dividend payout ratio (DPR) is -135.85%.

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Halliburton Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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