Halliburton (HAL) Holdings Boosted by CNB Bank

CNB Bank raised its stake in shares of Halliburton (NYSE:HAL) by 58.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,242 shares of the oilfield services company’s stock after acquiring an additional 2,685 shares during the period. CNB Bank’s holdings in Halliburton were worth $192,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. One Capital Management LLC raised its stake in Halliburton by 0.7% in the 4th quarter. One Capital Management LLC now owns 53,646 shares of the oilfield services company’s stock valued at $1,426,000 after acquiring an additional 369 shares during the period. Welch & Forbes LLC grew its holdings in Halliburton by 4.5% during the 4th quarter. Welch & Forbes LLC now owns 9,000 shares of the oilfield services company’s stock valued at $239,000 after buying an additional 390 shares in the last quarter. Fruth Investment Management grew its holdings in Halliburton by 4.9% during the 4th quarter. Fruth Investment Management now owns 9,161 shares of the oilfield services company’s stock valued at $243,000 after buying an additional 428 shares in the last quarter. Sawgrass Asset Management LLC grew its holdings in Halliburton by 5.3% during the 4th quarter. Sawgrass Asset Management LLC now owns 8,695 shares of the oilfield services company’s stock valued at $231,000 after buying an additional 440 shares in the last quarter. Finally, MAI Capital Management grew its holdings in Halliburton by 6.6% during the 4th quarter. MAI Capital Management now owns 8,331 shares of the oilfield services company’s stock valued at $221,000 after buying an additional 517 shares in the last quarter. Institutional investors and hedge funds own 78.00% of the company’s stock.

Shares of NYSE HAL opened at $30.84 on Wednesday. The stock has a market cap of $26.46 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27. Halliburton has a 12 month low of $24.70 and a 12 month high of $54.91. The company has a quick ratio of 1.68, a current ratio of 2.30 and a debt-to-equity ratio of 1.09.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.87 billion. Halliburton had a return on equity of 18.57% and a net margin of 6.90%. Halliburton’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. Sell-side analysts anticipate that Halliburton will post 1.4 EPS for the current year.

In other Halliburton news, VP Anne L. Beaty sold 1,300 shares of the business’s stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of $28.50, for a total value of $37,050.00. Following the completion of the sale, the vice president now owns 58,848 shares in the company, valued at $1,677,168. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Anne L. Beaty sold 2,548 shares of the business’s stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $29.48, for a total value of $75,115.04. Following the completion of the sale, the vice president now owns 56,663 shares of the company’s stock, valued at approximately $1,670,425.24. The disclosure for this sale can be found here. Insiders sold a total of 11,577 shares of company stock valued at $360,700 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

A number of research analysts have weighed in on HAL shares. Bank of America started coverage on Halliburton in a report on Wednesday, October 17th. They set a “buy” rating for the company. Cleveland Research lowered Halliburton from a “buy” rating to a “neutral” rating in a report on Thursday, October 18th. ValuEngine lowered Halliburton from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Morgan Stanley reaffirmed a “buy” rating on shares of Halliburton in a report on Tuesday, October 23rd. Finally, Seaport Global Securities set a $46.00 target price on Halliburton and gave the company a “buy” rating in a report on Tuesday, October 23rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $45.65.

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Halliburton Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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