Stelac Advisory Services LLC Invests $126,000 in Halliburton (HAL) Stock

Stelac Advisory Services LLC purchased a new position in Halliburton (NYSE:HAL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,113 shares of the oilfield services company’s stock, valued at approximately $126,000.

Other institutional investors have also recently made changes to their positions in the company. Ardsley Advisory Partners bought a new stake in Halliburton in the 2nd quarter worth $4,957,000. Canada Pension Plan Investment Board grew its holdings in Halliburton by 10.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 617,412 shares of the oilfield services company’s stock worth $27,821,000 after acquiring an additional 56,586 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Halliburton by 11.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 56,146 shares of the oilfield services company’s stock worth $2,530,000 after acquiring an additional 5,745 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Halliburton by 4.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 145,421 shares of the oilfield services company’s stock worth $5,893,000 after acquiring an additional 5,542 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Halliburton by 1,183.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,231 shares of the oilfield services company’s stock worth $686,000 after acquiring an additional 14,044 shares during the last quarter. 79.70% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Anne L. Beaty sold 1,210 shares of Halliburton stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $36.23, for a total transaction of $43,838.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James S. Brown sold 15,989 shares of Halliburton stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $40.53, for a total transaction of $648,034.17. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

A number of equities research analysts have recently weighed in on HAL shares. B. Riley set a $51.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Thursday, July 26th. Stifel Nicolaus started coverage on shares of Halliburton in a research note on Monday, September 10th. They set a “buy” rating and a $45.00 target price on the stock. Guggenheim set a $50.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Wednesday, October 24th. Credit Suisse Group set a $52.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Tuesday, July 24th. Finally, Royal Bank of Canada set a $54.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Tuesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $51.60.

Shares of NYSE HAL opened at $32.46 on Friday. Halliburton has a 1 year low of $31.75 and a 1 year high of $57.86. The stock has a market cap of $28.25 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 0.87 and a beta of 1.07. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.31 and a quick ratio of 1.73.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.10 billion. During the same period last year, the company posted $0.42 EPS. Halliburton’s revenue was up 13.4% on a year-over-year basis. As a group, research analysts forecast that Halliburton will post 1.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Thursday, December 6th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 2.22%. Halliburton’s dividend payout ratio (DPR) is currently 59.02%.

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Halliburton Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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