1,052 Shares in Halliburton (NYSE:HAL) Bought by Stone House Investment Management LLC

Stone House Investment Management LLC bought a new position in shares of Halliburton (NYSE:HAL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,052 shares of the oilfield services company’s stock, valued at approximately $38,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. First Capital Advisors Group LLC. bought a new stake in Halliburton in the 2nd quarter valued at $26,000. Quarry LP bought a new stake in Halliburton in the 1st quarter valued at $34,000. KB Financial Partners LLC acquired a new stake in shares of Halliburton in the 1st quarter valued at $35,000. Ancora Advisors LLC boosted its stake in shares of Halliburton by 443.8% in the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock valued at $36,000 after purchasing an additional 719 shares in the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Halliburton in the 4th quarter valued at $36,000. Institutional investors own 85.23% of the company’s stock.

Halliburton Trading Down 0.9 %

Shares of HAL stock traded down $0.36 on Wednesday, reaching $38.08. The company had a trading volume of 3,501,592 shares, compared to its average volume of 7,115,602. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.81. The stock has a market cap of $33.75 billion, a PE ratio of 13.12, a PEG ratio of 0.98 and a beta of 2.00. The company has a 50-day moving average of $37.25 and a 200-day moving average of $37.40. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85.

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

Halliburton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.79%. This is a boost from Halliburton’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, March 5th. Halliburton’s dividend payout ratio is presently 23.21%.

Insider Buying and Selling

In related news, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction that occurred 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 approximately $339,762.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the sale, the director now directly owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction that occurred on Monday, March 4th. The shares were 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 owns 759,015 shares in the company, valued at $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Raymond James reduced their target price 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. Barclays reduced their price target on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $45.00 price target on shares of Halliburton in a research report on Wednesday, January 24th. UBS Group upped their price target on shares of Halliburton from $44.00 to $48.00 in a research report on Monday, January 22nd. Finally, Atb Cap Markets downgraded shares of Halliburton from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 22nd. Two 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $48.53.

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.