Boltwood Capital Management purchased a new stake in Halliburton (NYSE:HAL) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,905 shares of the oilfield services company’s stock, valued at approximately $320,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. SevenBridge Financial Group LLC boosted its holdings in Halliburton by 387.5% during the fourth quarter. SevenBridge Financial Group LLC now owns 975 shares of the oilfield services company’s stock worth $26,000 after purchasing an additional 775 shares during the last quarter. Essex Savings Bank purchased a new position in Halliburton during the fourth quarter worth about $27,000. CX Institutional purchased a new position in Halliburton during the fourth quarter worth about $30,000. Capital Investment Advisory Services LLC purchased a new position in Halliburton during the fourth quarter worth about $38,000. Finally, CKW Financial Group purchased a new position in Halliburton during the fourth quarter worth about $40,000. 80.94% of the stock is owned by hedge funds and other institutional investors.
Several analysts have commented on HAL shares. Cowen raised shares of Halliburton from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $45.00 to $35.00 in a research report on Thursday, January 17th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Halliburton in a research report on Sunday, January 6th. Goldman Sachs Group started coverage on shares of Halliburton in a research report on Sunday, March 10th. They issued a “buy” rating and a $42.00 price target on the stock. Barclays set a $38.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Finally, Raymond James set a $45.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $44.71.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, April 22nd. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.23. Halliburton had a net margin of 6.90% and a return on equity of 18.57%. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.53 billion. During the same quarter in the prior year, the company earned $0.41 EPS. The firm’s revenue was down .1% on a year-over-year basis. On average, research analysts expect that Halliburton will post 1.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.18 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.39%. Halliburton’s dividend payout ratio (DPR) is 37.89%.
In other news, CFO Lance Loeffler sold 5,926 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $28.35, for a total value of $168,002.10. Following the completion of the sale, the chief financial officer now owns 55,885 shares of the company’s stock, valued at approximately $1,584,339.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by corporate insiders.
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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