Kestra Private Wealth Services LLC Acquires 401 Shares of Halliburton (NYSE:HAL)

Kestra Private Wealth Services LLC grew its holdings in shares of Halliburton (NYSE:HAL) by 1.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,760 shares of the oilfield services company’s stock after buying an additional 401 shares during the period. Kestra Private Wealth Services LLC’s holdings in Halliburton were worth $895,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Northern Trust Corp increased its stake in Halliburton by 3.0% in the third quarter. Northern Trust Corp now owns 9,202,160 shares of the oilfield services company’s stock valued at $372,687,000 after purchasing an additional 265,680 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Halliburton by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,291,276 shares of the oilfield services company’s stock valued at $214,297,000 after acquiring an additional 44,188 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Halliburton by 1.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,342,520 shares of the oilfield services company’s stock valued at $135,372,000 after acquiring an additional 44,901 shares in the last quarter. Brandes Investment Partners LP raised its position in shares of Halliburton by 4.1% during the third quarter. Brandes Investment Partners LP now owns 3,334,388 shares of the oilfield services company’s stock worth $135,043,000 after purchasing an additional 131,454 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Halliburton by 15.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,905,089 shares of the oilfield services company’s stock valued at $117,684,000 after purchasing an additional 388,079 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HAL. TD Cowen raised their price objective on shares of Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Susquehanna reaffirmed a “positive” rating and issued a $49.00 price target on shares of Halliburton in a research report on Monday, April 8th. Jefferies Financial Group boosted their price objective on Halliburton from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays dropped their target price on Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. Finally, StockNews.com downgraded Halliburton from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Two analysts have 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.59.

Insider Activity at Halliburton

In other news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of 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 Securities & Exchange Commission, which is available through the SEC website. In other news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the transaction, the director now directly owns 9,625 shares of the company’s stock, valued at $339,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were 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 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 currently owned by company insiders.

Halliburton Stock Up 0.1 %

Halliburton stock opened at $36.73 on Friday. The firm has a 50 day moving average price of $38.08 and a 200-day moving average price of $37.23. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. Halliburton has a twelve month low of $27.84 and a twelve month high of $43.85. The company has a market capitalization of $32.52 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.93 and a beta of 2.01.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.67 billion. During the same period last year, the business posted $0.72 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts predict that Halliburton will post 3.39 EPS for the current year.

About Halliburton

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.