Chelsea Counsel Co. Sells 11,425 Shares of Halliburton Company (HAL)

Chelsea Counsel Co. lessened its holdings in shares of Halliburton Company (NYSE:HAL) by 54.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,375 shares of the oilfield services company’s stock after selling 11,425 shares during the quarter. Chelsea Counsel Co.’s holdings in Halliburton were worth $458,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HAL. Comerica Securities Inc. grew its stake in shares of Halliburton by 0.3% in the 2nd quarter. Comerica Securities Inc. now owns 6,606 shares of the oilfield services company’s stock worth $282,000 after acquiring an additional 18 shares in the last quarter. Summit Financial Wealth Advisors LLC grew its stake in shares of Halliburton by 0.8% in the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 13,715 shares of the oilfield services company’s stock worth $586,000 after acquiring an additional 115 shares in the last quarter. Pinebridge Investments L.P. grew its stake in shares of Halliburton by 0.6% in the 2nd quarter. Pinebridge Investments L.P. now owns 19,775 shares of the oilfield services company’s stock worth $845,000 after acquiring an additional 120 shares in the last quarter. Covington Capital Management grew its stake in shares of Halliburton by 0.8% in the 2nd quarter. Covington Capital Management now owns 23,814 shares of the oilfield services company’s stock worth $1,017,000 after acquiring an additional 185 shares in the last quarter. Finally, National Asset Management Inc. grew its stake in shares of Halliburton by 7.9% in the 2nd quarter. National Asset Management Inc. now owns 5,271 shares of the oilfield services company’s stock worth $227,000 after acquiring an additional 385 shares in the last quarter. Institutional investors and hedge funds own 79.79% of the company’s stock.

Several research firms have recently issued reports on HAL. B. Riley reiterated a “buy” rating on shares of Halliburton in a research note on Wednesday, November 1st. Cowen set a $55.00 target price on shares of Halliburton and gave the stock a “hold” rating in a research note on Thursday. TheStreet upgraded shares of Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. Zacks Investment Research lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Jefferies Group set a $57.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $56.90.

In other Halliburton news, EVP Lawrence J. Pope sold 9,100 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $41.35, for a total transaction of $376,285.00. Following the sale, the executive vice president now directly owns 180,646 shares of the company’s stock, valued at $7,469,712.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the sale, the chairman now directly owns 490,143 shares in the company, valued at $21,419,249.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 141,612 shares of company stock worth $6,556,433. Insiders own 0.47% of the company’s stock.

Shares of Halliburton Company (NYSE:HAL) traded up $0.86 during trading hours on Friday, hitting $53.33. 9,086,700 shares of the company were exchanged, compared to its average volume of 9,026,388. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13. The stock has a market cap of $46,320.00, a P/E ratio of 222.21, a P/E/G ratio of 3.00 and a beta of 1.03. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The firm’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 EPS. analysts predict that Halliburton Company will post 1.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Wednesday, December 6th. Halliburton’s dividend payout ratio (DPR) is presently 300.00%.

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Halliburton Company Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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