International Assets Investment Management LLC Invests $5.17 Million in Halliburton (NYSE:HAL)

International Assets Investment Management LLC purchased a new stake in Halliburton (NYSE:HAL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 142,917 shares of the oilfield services company’s stock, valued at approximately $5,166,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HAL. Northern Trust Corp grew its stake in shares of 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 acquiring 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 worth $214,297,000 after purchasing an additional 44,188 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Halliburton by 1.4% in 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 buying an additional 44,901 shares in the last quarter. Brandes Investment Partners LP boosted its stake in shares of Halliburton by 4.1% in the third quarter. Brandes Investment Partners LP now owns 3,334,388 shares of the oilfield services company’s stock valued at $135,043,000 after buying an additional 131,454 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Halliburton by 15.4% during the third quarter. Ameriprise Financial Inc. now owns 2,905,089 shares of the oilfield services company’s stock worth $117,684,000 after buying an additional 388,079 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Halliburton

In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction dated 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 directly owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton 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 completion of the transaction, the director now owns 9,625 shares of the company’s stock, valued at $339,762.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the stock in a transaction dated Monday, March 4th. The stock was 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 of the company’s stock, 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.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HAL shares. Wells Fargo & Company dropped their price objective on Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Jefferies Financial Group increased their price objective on shares of Halliburton from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Raymond James dropped their target price on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Morgan Stanley increased their price target on shares of Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Finally, StockNews.com downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Halliburton has an average rating of “Moderate Buy” and a consensus target price of $48.59.

Halliburton Stock Performance

Shares of HAL stock opened at $37.20 on Wednesday. The business’s 50-day moving average price is $38.16 and its 200-day moving average price is $37.07. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $32.93 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 0.93 and a beta of 2.01.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. Equities research analysts forecast that Halliburton will post 3.39 EPS for the current year.

Halliburton Company 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.