ACG Wealth Has $899,000 Position in Halliburton Company (HAL)

ACG Wealth decreased its position in shares of Halliburton Company (NYSE:HAL) by 22.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,397 shares of the oilfield services company’s stock after selling 5,319 shares during the period. ACG Wealth’s holdings in Halliburton were worth $899,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Asset Management Inc. boosted its position in Halliburton by 7.9% in the second quarter. National Asset Management Inc. now owns 5,271 shares of the oilfield services company’s stock valued at $227,000 after buying an additional 385 shares in the last quarter. Weatherly Asset Management L. P. boosted its position in Halliburton by 1.3% in the fourth quarter. Weatherly Asset Management L. P. now owns 88,924 shares of the oilfield services company’s stock valued at $4,346,000 after buying an additional 1,165 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Halliburton by 26.3% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 5,746 shares of the oilfield services company’s stock valued at $281,000 after buying an additional 1,197 shares in the last quarter. Tredje AP fonden boosted its position in Halliburton by 1.6% in the third quarter. Tredje AP fonden now owns 77,160 shares of the oilfield services company’s stock valued at $3,552,000 after buying an additional 1,251 shares in the last quarter. Finally, Westpac Banking Corp boosted its position in Halliburton by 2.1% in the fourth quarter. Westpac Banking Corp now owns 62,455 shares of the oilfield services company’s stock valued at $3,052,000 after buying an additional 1,264 shares in the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.

Shares of Halliburton Company (NYSE:HAL) opened at $47.87 on Thursday. The company has a market cap of $41,461.98, a PE ratio of -90.32, a price-to-earnings-growth ratio of 2.26 and a beta of 0.97. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.22 and a quick ratio of 1.72. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $57.86.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.46 by $0.07. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.63 billion. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The company’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 earnings per share. equities analysts forecast that Halliburton Company will post 2.62 EPS for the current year.

A number of analysts have weighed in on HAL shares. FBR & Co cut their target price on shares of Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, October 24th. Cowen restated a “market perform” rating and issued a $50.00 target price on shares of Halliburton in a research report on Tuesday, October 24th. Loop Capital restated a “buy” rating and issued a $57.00 target price (down previously from $62.00) on shares of Halliburton in a research report on Tuesday, October 24th. Scotiabank restated a “buy” rating and issued a $52.00 target price on shares of Halliburton in a research report on Wednesday, October 25th. Finally, Citigroup cut their target price on shares of Halliburton from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $59.73.

In other news, EVP Lawrence J. Pope sold 9,100 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $41.35, for a total value of $376,285.00. Following the sale, the executive vice president now 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 accessible through the SEC website. Also, VP Anne L. Beaty sold 1,245 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $51.50, for a total transaction of $64,117.50. Following the completion of the sale, the vice president now directly owns 60,839 shares in the company, valued at approximately $3,133,208.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,507 shares of company stock worth $8,380,429. Insiders own 0.46% of the company’s stock.

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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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