KLCM Advisors Inc. Has $19.78 Million Holdings in Halliburton Company $HAL

KLCM Advisors Inc. lessened its position in shares of Halliburton Company (NYSE:HAL) by 24.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 507,360 shares of the oilfield services company’s stock after selling 165,027 shares during the period. Halliburton accounts for 1.7% of KLCM Advisors Inc.’s holdings, making the stock its 11th biggest holding. KLCM Advisors Inc.’s holdings in Halliburton were worth $19,782,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Halliburton by 7.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock valued at $2,353,000 after purchasing an additional 6,507 shares during the period. Woodline Partners LP boosted its position in shares of Halliburton by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock valued at $1,861,000 after purchasing an additional 20,583 shares in the last quarter. Focus Partners Wealth grew its stake in Halliburton by 25.0% during the first quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock worth $1,320,000 after purchasing an additional 10,408 shares during the period. Intech Investment Management LLC grew its stake in Halliburton by 309.1% during the first quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock worth $1,749,000 after purchasing an additional 52,092 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in Halliburton in the first quarter worth approximately $895,000. Institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HAL. Wall Street Zen lowered Halliburton from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Halliburton in a research report on Wednesday. Barclays upgraded shares of Halliburton from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $37.00 to $55.00 in a research note on Thursday, May 7th. BMO Capital Markets boosted their target price on shares of Halliburton from $42.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Finally, Wolfe Research started coverage on shares of Halliburton in a research note on Wednesday. They set a “peer perform” rating on the stock. Eighteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.18.

Halliburton Stock Up 0.7%

Shares of NYSE:HAL traded up $0.24 during midday trading on Friday, hitting $34.37. 6,603,881 shares of the company’s stock were exchanged, compared to its average volume of 11,425,458. 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 Company has a 12 month low of $20.17 and a 12 month high of $43.59. The company has a market cap of $28.71 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71. The stock has a 50 day moving average price of $38.25 and a 200-day moving average price of $36.03.

Halliburton (NYSE:HAL) last announced its quarterly 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 business had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.37 billion. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. On average, sell-side analysts anticipate that Halliburton Company will post 2.34 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, June 3rd. Halliburton’s dividend payout ratio (DPR) is currently 37.36%.

Insider Activity at Halliburton

In related news, VP Timothy Mckeon sold 8,655 shares of the company’s stock in a transaction 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 sale, the vice president owned 72,976 shares in the company, valued at approximately $3,064,992. This represents a 10.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the sale, the chief financial officer directly owned 148,520 shares of the company’s stock, valued at $5,330,382.80. The trade was a 14.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 258,255 shares of company stock valued at $10,550,535 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Halliburton 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.