21,049 Shares in Halliburton Company $HAL Purchased by Storgate LLC

Storgate LLC bought a new position in shares of Halliburton Company (NYSE:HAL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 21,049 shares of the oilfield services company’s stock, valued at approximately $595,000.

Several other institutional investors and hedge funds have also bought and sold shares of HAL. Contravisory Investment Management Inc. acquired a new position in Halliburton during the fourth quarter worth approximately $1,054,000. Impala Asset Management LLC acquired a new position in Halliburton during the third quarter worth approximately $2,091,000. Cookson Peirce & Co. Inc. acquired a new position in Halliburton during the third quarter worth approximately $1,010,000. Caprock Group LLC acquired a new position in Halliburton during the third quarter worth approximately $1,579,000. Finally, QV Investors Inc. acquired a new position in Halliburton during the fourth quarter worth approximately $3,195,000. Institutional investors own 85.23% of the company’s stock.

Halliburton Price Performance

Halliburton stock opened at $39.52 on Friday. Halliburton Company has a 12 month low of $20.09 and a 12 month high of $43.59. The stock’s 50 day moving average is $39.84 and its 200-day moving average is $35.03. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $33.02 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 1.72 and a beta of 0.69.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts expect that Halliburton Company will post 2.34 EPS for the current year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. Halliburton’s dividend payout ratio is presently 37.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Citigroup boosted their price target on Halliburton from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Jefferies Financial Group reissued a “buy” rating and set a $47.00 price target on shares of Halliburton in a research report on Sunday, April 26th. Evercore boosted their price target on Halliburton from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. The Goldman Sachs Group boosted their price target on Halliburton from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada boosted their price target on Halliburton from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.27.

Insider Buying and Selling

In other news, EVP Van H. Beckwith sold 198,349 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $41.29, for a total value of $8,189,830.21. Following the transaction, the executive vice president owned 146,186 shares of the company’s stock, valued at approximately $6,036,019.94. This represents a 57.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Casey Maxwell sold 20,348 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $41.89, for a total value of $852,377.72. Following the completion of the transaction, the insider directly owned 93,763 shares in the company, valued at $3,927,732.07. The trade was a 17.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 416,991 shares of company stock valued at $16,846,948 in the last ninety days. 0.57% of the stock is currently owned by company insiders.

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.