Halliburton (NYSE:HAL) Shares Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC increased its position in shares of Halliburton (NYSE:HAL) by 1.8% during the 4th quarter, HoldingsChannel reports. The fund owned 20,256 shares of the oilfield services company’s stock after acquiring an additional 359 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Halliburton were worth $732,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. First Capital Advisors Group LLC. acquired a new position in Halliburton in the second quarter valued at about $26,000. Quarry LP purchased a new stake in Halliburton during the first quarter worth about $34,000. KB Financial Partners LLC purchased a new stake in Halliburton during the first quarter worth about $35,000. Ancora Advisors LLC increased its stake in Halliburton by 443.8% during the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 719 shares during the period. Finally, Princeton Global Asset Management LLC purchased a new stake in Halliburton during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Atb Cap Markets lowered shares of Halliburton from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 22nd. Susquehanna reiterated a “positive” rating and set a $49.00 price target on shares of Halliburton in a research note on Monday, April 8th. Raymond James cut their price target on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. UBS Group boosted their price target on shares of Halliburton from $44.00 to $48.00 in a research note on Monday, January 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $45.00 price target on shares of Halliburton in a research note on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and an average price target of $48.53.

Halliburton Stock Up 1.1 %

HAL traded up $0.41 on Friday, reaching $39.06. The company’s stock had a trading volume of 1,616,889 shares, compared to its average volume of 7,056,886. The stock has a 50 day moving average of $37.39 and a two-hundred day moving average of $37.42. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $34.62 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 0.97 and a beta of 2.00. Halliburton has a fifty-two week low of $27.84 and a fifty-two week high of $43.85.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.78 billion. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share. As a group, analysts forecast that Halliburton will post 3.42 EPS for the current fiscal year.

Halliburton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a $0.17 dividend. This is an increase from Halliburton’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Tuesday, March 5th. Halliburton’s dividend payout ratio is presently 23.21%.

Insider Buying and Selling

In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now directly owns 9,625 shares of the company’s stock, valued at $339,762.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value 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 $26,793,229.50. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Halliburton Profile

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.