Halliburton (HAL) Position Raised by Edge Wealth Management LLC

Edge Wealth Management LLC lifted its holdings in shares of Halliburton (NYSE:HAL) by 64,230.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,726 shares of the oilfield services company’s stock after buying an additional 16,700 shares during the period. Edge Wealth Management LLC’s holdings in Halliburton were worth $445,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. IMS Capital Management bought a new position in Halliburton in the third quarter valued at about $46,000. Investment Partners LTD. bought a new position in Halliburton in the third quarter valued at about $249,000. Honkamp Krueger Financial Services Inc. bought a new position in Halliburton in the third quarter valued at about $103,000. Whitener Capital Management Inc. bought a new position in Halliburton in the third quarter valued at about $106,000. Finally, Lee Financial Co bought a new position in Halliburton in the third quarter valued at about $118,000. 78.02% of the stock is currently owned by institutional investors.

NYSE:HAL opened at $30.70 on Friday. 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 has a 12-month low of $24.70 and a 12-month high of $57.86. The stock has a market cap of $26.28 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 27th. Investors of record on Thursday, December 6th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Wednesday, December 5th. Halliburton’s dividend payout ratio is currently 59.02%.

In related news, VP Anne L. Beaty sold 1,300 shares of the stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $28.50, for a total transaction of $37,050.00. Following the completion of the sale, the vice president now owns 58,848 shares in the company, valued at $1,677,168. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Anne L. Beaty sold 2,548 shares of the stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $29.48, for a total value of $75,115.04. Following the sale, the vice president now owns 56,663 shares of the company’s stock, valued at approximately $1,670,425.24. The disclosure for this sale can be found here. Insiders have sold 12,787 shares of company stock valued at $404,538 in the last quarter. 0.54% of the stock is currently owned by company insiders.

HAL has been the topic of a number of recent research reports. Wells Fargo & Co reissued a “buy” rating on shares of Halliburton in a report on Sunday, January 6th. UBS Group set a $50.00 target price on Halliburton and gave the company a “buy” rating in a report on Tuesday, October 23rd. Wolfe Research initiated coverage on Halliburton in a report on Wednesday, October 10th. They issued an “outperform” rating on the stock. Citigroup set a $45.00 target price on Halliburton and gave the company a “buy” rating in a report on Friday, November 30th. Finally, ValuEngine downgraded Halliburton from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.16.

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Halliburton Company 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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