Neuberger Berman Group LLC Has $1.99 Million Holdings in Halliburton (NYSE:HAL)

Neuberger Berman Group LLC raised its stake in shares of Halliburton (NYSE:HAL) by 17.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 54,968 shares of the oilfield services company’s stock after buying an additional 8,227 shares during the period. Neuberger Berman Group LLC’s holdings in Halliburton were worth $1,987,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HAL. Ancora Advisors LLC grew its holdings in shares of Halliburton by 443.8% in the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock valued at $36,000 after acquiring an additional 719 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in Halliburton in the 4th quarter valued at $36,000. First United Bank & Trust purchased a new stake in shares of Halliburton during the 4th quarter valued at $36,000. Criterion Capital Advisors LLC purchased a new stake in shares of Halliburton during the 4th quarter valued at $37,000. Finally, Stone House Investment Management LLC bought a new stake in shares of Halliburton during the 4th quarter worth $38,000. 85.23% of the stock is owned by institutional investors.

Halliburton Stock Up 0.4 %

HAL stock opened at $36.11 on Monday. The stock has a 50-day simple moving average of $38.45 and a two-hundred day simple moving average of $36.84. Halliburton has a twelve month low of $28.43 and a twelve month high of $43.85. The firm has a market capitalization of $31.97 billion, a PE ratio of 12.49, a PEG ratio of 0.92 and a beta of 2.01. 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 (NYSE:HAL) last released its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $5.80 billion during 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%. Halliburton’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $0.72 earnings per share. On average, equities analysts predict that Halliburton will post 3.39 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.88%. Halliburton’s dividend payout ratio (DPR) is currently 23.53%.

Analyst Upgrades and Downgrades

HAL has been the topic of several research reports. The Goldman Sachs Group lifted their price objective on shares of Halliburton from $46.00 to $48.00 in a research report on Tuesday, April 23rd. StockNews.com lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Jefferies Financial Group upped their price objective on Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. TD Cowen increased their price objective on Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Benchmark restated a “buy” rating and issued a $45.00 target price on shares of Halliburton in a research note on Wednesday, April 24th. 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, Halliburton presently has an average rating of “Moderate Buy” and an average target price of $48.59.

Insider Transactions at Halliburton

In related news, SVP Jill D. Sharp sold 3,346 shares of Halliburton stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total transaction of $123,802.00. Following the completion of the sale, the senior vice president now owns 40,185 shares of the company’s stock, valued at $1,486,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Jill D. Sharp sold 3,346 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total value of $123,802.00. Following the sale, the senior vice president now directly owns 40,185 shares of the company’s stock, valued at $1,486,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction 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 transaction, the director now directly owns 9,625 shares in the company, valued at approximately $339,762.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 434,287 shares of company stock valued at $15,415,304. 0.61% of the stock is currently owned by company insiders.

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.