Larson Financial Group LLC Decreases Holdings in Halliburton (NYSE:HAL)

Larson Financial Group LLC trimmed its stake in shares of Halliburton (NYSE:HAL) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,132 shares of the oilfield services company’s stock after selling 5,486 shares during the period. Larson Financial Group LLC’s holdings in Halliburton were worth $2,101,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Ancora Advisors LLC increased its position in Halliburton by 443.8% during the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 719 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in Halliburton during the fourth quarter worth about $36,000. Criterion Capital Advisors LLC acquired a new stake in Halliburton during the fourth quarter worth about $37,000. Stone House Investment Management LLC acquired a new stake in Halliburton during the fourth quarter worth about $38,000. Finally, Ogorek Anthony Joseph NY ADV increased its position in Halliburton by 1,134.6% during the third quarter. Ogorek Anthony Joseph NY ADV now owns 1,000 shares of the oilfield services company’s stock worth $40,000 after purchasing an additional 919 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Halliburton

In related news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the transaction, the director now owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the sale, the chief executive officer now owns 759,015 shares in the company, valued at $26,793,229.50. The transaction 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 Halliburton stock in a transaction that occurred 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 sale, the director now owns 9,625 shares in the company, valued at approximately $339,762.50. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Halliburton Trading Down 0.3 %

NYSE HAL traded down $0.12 during mid-day trading on Tuesday, hitting $38.60. The company’s stock had a trading volume of 4,147,272 shares, compared to its average volume of 7,078,887. Halliburton has a 52-week low of $27.84 and a 52-week high of $43.85. The stock’s fifty day simple moving average is $37.57 and its two-hundred day simple moving average is $37.39. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.06 and a quick ratio of 1.48. The firm has a market capitalization of $34.22 billion, a P/E ratio of 13.08, a price-to-earnings-growth ratio of 1.00 and a beta of 2.00.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.78 billion. During the same quarter last year, the firm posted $0.72 earnings per share. Halliburton’s revenue for the quarter was up 2.8% compared to the same quarter last year. Research analysts expect that Halliburton will post 3.42 EPS for the current year.

Analyst Upgrades and Downgrades

HAL has been the subject of several recent analyst reports. Raymond James cut their price objective 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 lifted their price target on shares of Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group lifted their price target on shares of Halliburton from $46.00 to $48.00 in a research report on Tuesday. Susquehanna reiterated a “positive” rating and set a $49.00 price target on shares of Halliburton in a research report on Monday, April 8th. Finally, StockNews.com upgraded shares of Halliburton from a “hold” rating to a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $49.00.

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.