EP Wealth Advisors LLC Has $274,000 Position in Halliburton (NYSE:HAL)

EP Wealth Advisors LLC cut its position in Halliburton (NYSE:HALFree Report) by 93.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,767 shares of the oilfield services company’s stock after selling 93,233 shares during the quarter. EP Wealth Advisors LLC’s holdings in Halliburton were worth $274,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HAL. Capital World Investors grew its holdings in shares of Halliburton by 47.1% during the 2nd quarter. Capital World Investors now owns 114,407,642 shares of the oilfield services company’s stock valued at $3,774,308,000 after purchasing an additional 36,640,866 shares during the last quarter. Norges Bank bought a new stake in shares of Halliburton during the 4th quarter valued at approximately $457,245,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Halliburton by 123.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 15,936,342 shares of the oilfield services company’s stock valued at $627,088,000 after purchasing an additional 8,791,319 shares during the last quarter. Morgan Stanley grew its holdings in shares of Halliburton by 65.5% during the 4th quarter. Morgan Stanley now owns 17,217,776 shares of the oilfield services company’s stock valued at $677,520,000 after purchasing an additional 6,815,373 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Halliburton by 140.4% during the 1st quarter. Thrivent Financial for Lutherans now owns 3,737,112 shares of the oilfield services company’s stock valued at $118,242,000 after purchasing an additional 2,182,602 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the transaction, the director now owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the transaction, the director now owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s 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 transaction, the chief executive officer now owns 759,015 shares in the company, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Halliburton Stock Up 0.3 %

Halliburton stock opened at $37.73 on Friday. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.81. Halliburton has a 12-month low of $27.84 and a 12-month high of $43.85. The firm’s fifty day moving average is $35.28 and its 200 day moving average is $37.66. The company has a market capitalization of $33.58 billion, a PE ratio of 12.88, a PEG ratio of 0.91 and a beta of 1.99.

Halliburton (NYSE:HALGet Free Report) last released its earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.78 billion. During the same quarter in the previous year, the company earned $0.72 EPS. Halliburton’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that Halliburton will post 3.43 EPS for the current fiscal year.

Halliburton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, March 5th. This is an increase from Halliburton’s previous quarterly dividend of $0.16. Halliburton’s payout ratio is presently 23.21%.

Analysts Set New Price Targets

HAL has been the topic of several research reports. UBS Group lifted their price target on shares of Halliburton from $44.00 to $48.00 in a report on Monday, January 22nd. TD Cowen boosted their target price on shares of Halliburton from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Atb Cap Markets lowered shares of Halliburton from an “outperform” rating to a “sector perform” rating in a report on Friday, December 22nd. 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 report on Wednesday, January 24th. Finally, StockNews.com raised shares of Halliburton from a “hold” rating to a “buy” rating in a report on Friday, March 8th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Halliburton has a consensus rating of “Buy” and an average price target of $48.63.

Get Our Latest Stock Report on HAL

Halliburton Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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