Halliburton (HAL) Stake Lowered by Captrust Financial Advisors

Captrust Financial Advisors decreased its holdings in shares of Halliburton (NYSE:HAL) by 15.3% in the 4th quarter, HoldingsChannel reports. The firm owned 30,142 shares of the oilfield services company’s stock after selling 5,464 shares during the period. Captrust Financial Advisors’ holdings in Halliburton were worth $801,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rehmann Capital Advisory Group lifted its position in Halliburton by 4.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 7,980 shares of the oilfield services company’s stock worth $212,000 after buying an additional 361 shares during the last quarter. One Capital Management LLC lifted its position in Halliburton by 0.7% in the 4th quarter. One Capital Management LLC now owns 53,646 shares of the oilfield services company’s stock worth $1,426,000 after buying an additional 369 shares during the last quarter. Tlwm lifted its position in Halliburton by 3.8% in the 4th quarter. Tlwm now owns 10,166 shares of the oilfield services company’s stock worth $307,000 after buying an additional 369 shares during the last quarter. Welch & Forbes LLC lifted its position in Halliburton by 4.5% in the 4th quarter. Welch & Forbes LLC now owns 9,000 shares of the oilfield services company’s stock worth $239,000 after buying an additional 390 shares during the last quarter. Finally, Fruth Investment Management lifted its position in Halliburton by 4.9% in the 4th quarter. Fruth Investment Management now owns 9,161 shares of the oilfield services company’s stock worth $243,000 after buying an additional 428 shares during the last quarter. 80.25% of the stock is owned by institutional investors.

Several brokerages have weighed in on HAL. Bank of America reiterated a “buy” rating and issued a $48.00 price objective (down previously from $52.00) on shares of Halliburton in a research report on Monday, December 3rd. Zacks Investment Research downgraded Halliburton from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Citigroup set a $45.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Friday, November 30th. Morgan Stanley set a $36.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Finally, Raymond James set a $45.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company. Halliburton presently has an average rating of “Buy” and a consensus target price of $45.50.

In related news, VP Anne L. Beaty sold 2,548 shares of the company’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $29.48, for a total value of $75,115.04. Following the sale, the vice president now directly owns 56,663 shares of the company’s stock, valued at $1,670,425.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Anne L. Beaty sold 1,300 shares of the company’s stock in a transaction on Monday, January 7th. The stock was sold at an average price of $28.50, for a total value of $37,050.00. Following the completion of the sale, the vice president now directly owns 58,848 shares in the company, valued at $1,677,168. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

HAL opened at $28.47 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.32. Halliburton has a 52-week low of $24.70 and a 52-week high of $54.91. The company has a market cap of $24.51 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 1.73 and a beta of 1.18.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Halliburton had a return on equity of 18.57% and a net margin of 6.90%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.87 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. As a group, equities analysts anticipate that Halliburton will post 1.4 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, March 5th. This represents a $0.72 annualized dividend and a yield of 2.53%. Halliburton’s payout ratio is 37.89%.

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About Halliburton

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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