136,881 Shares in Halliburton Company $HAL Purchased by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP bought a new position in shares of Halliburton Company (NYSE:HAL) in the 4th quarter, HoldingsChannel.com reports. The firm bought 136,881 shares of the oilfield services company’s stock, valued at approximately $3,868,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new position in Halliburton during the second quarter worth about $25,000. Kelleher Financial Advisors purchased a new position in Halliburton during the third quarter worth about $25,000. Nvest Wealth Strategies Inc. purchased a new position in Halliburton during the fourth quarter worth about $25,000. Strive Asset Management LLC purchased a new position in Halliburton during the third quarter worth about $31,000. Finally, Rakuten Securities Inc. grew its position in Halliburton by 547.3% during the second quarter. Rakuten Securities Inc. now owns 1,586 shares of the oilfield services company’s stock worth $32,000 after buying an additional 1,341 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HAL has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Halliburton in a research report on Friday, April 10th. Susquehanna upped their price objective on Halliburton from $40.00 to $45.00 and gave the stock a “positive” rating in a report on Tuesday, April 7th. Argus upped their price objective on Halliburton from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Piper Sandler upped their price objective on Halliburton from $34.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Finally, TD Cowen upped their price objective on Halliburton from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Eighteen investment 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. Based on data from MarketBeat.com, Halliburton currently has an average rating of “Moderate Buy” and an average price target of $43.27.

Halliburton Trading Down 5.1%

Shares of HAL stock opened at $39.12 on Friday. The stock has a market capitalization of $32.68 billion, a PE ratio of 21.49, a P/E/G ratio of 1.78 and a beta of 0.69. Halliburton Company has a 1-year low of $20.09 and a 1-year high of $43.59. The business has a 50-day moving average of $39.77 and a 200 day moving average of $34.55. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54.

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

Halliburton Announces Dividend

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

Insider Buying and Selling at Halliburton

In other Halliburton news, VP Timothy Mckeon sold 8,655 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $42.00, for a total transaction of $363,510.00. Following the completion of the transaction, the vice president owned 72,976 shares of the company’s stock, valued at $3,064,992. This represents a 10.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction, the insider directly owned 93,763 shares of the company’s stock, valued at $3,927,732.07. The trade was a 17.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 416,991 shares of company stock worth $16,846,948 over the last three months. 0.57% of the stock is owned by corporate 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.