Bokf Na Trims Stake in Halliburton (NYSE:HAL)

Bokf Na trimmed its position in Halliburton (NYSE:HAL) by 14.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,180 shares of the oilfield services company’s stock after selling 7,465 shares during the quarter. Bokf Na’s holdings in Halliburton were worth $1,192,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mediolanum International Funds Ltd increased its position in Halliburton by 48.2% during the 4th quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company’s stock valued at $1,931,000 after purchasing an additional 23,340 shares during the period. Sei Investments Co. increased its holdings in Halliburton by 18.2% during the fourth quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company’s stock valued at $7,584,000 after buying an additional 42,876 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in Halliburton by 3.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company’s stock worth $61,375,000 after buying an additional 80,567 shares in the last quarter. Congress Asset Management Co. purchased a new stake in Halliburton during the fourth quarter worth $621,000. Finally, Massachusetts Wealth Management increased its holdings in shares of Halliburton by 180.9% in the 4th quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company’s stock valued at $1,188,000 after acquiring an additional 28,125 shares during the period. Institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup cut their target price on Halliburton from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus cut their price objective on shares of Halliburton from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. UBS Group decreased their target price on shares of Halliburton from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Susquehanna cut their price target on shares of Halliburton from $32.00 to $30.00 and set a “positive” rating on the stock in a report on Wednesday, April 23rd. Finally, Evercore ISI decreased their price objective on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and an average target price of $33.84.

Halliburton Stock Performance

NYSE HAL opened at $20.23 on Friday. Halliburton has a fifty-two week low of $18.72 and a fifty-two week high of $38.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The firm has a market capitalization of $17.39 billion, a P/E ratio of 7.15, a PEG ratio of 3.79 and a beta of 1.19. The stock has a 50-day simple moving average of $22.62 and a two-hundred day simple moving average of $26.21.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. On average, equities analysts forecast that Halliburton will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 3.36%. Halliburton’s dividend payout ratio is presently 28.45%.

Insider Buying and Selling at Halliburton

In other Halliburton news, VP Timothy Mckeon sold 10,497 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the transaction, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.00. Following the sale, the director now directly owns 10,551 shares of the company’s stock, valued at $253,646.04. This represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,782 shares of company stock valued at $5,321,170. Corporate insiders own 0.56% of the company’s stock.

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.