Meyer Handelman Co. Purchases 500 Shares of Halliburton (HAL)

Meyer Handelman Co. boosted its position in Halliburton (NYSE:HAL) by 0.2% during the 4th quarter, HoldingsChannel reports. The fund owned 238,000 shares of the oilfield services company’s stock after buying an additional 500 shares during the period. Meyer Handelman Co.’s holdings in Halliburton were worth $6,327,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HAL. Franklin Resources Inc. boosted its holdings in Halliburton by 644.7% in the third quarter. Franklin Resources Inc. now owns 14,927,010 shares of the oilfield services company’s stock worth $604,991,000 after acquiring an additional 12,922,480 shares in the last quarter. Dodge & Cox boosted its holdings in Halliburton by 73,106.2% in the third quarter. Dodge & Cox now owns 6,734,967 shares of the oilfield services company’s stock worth $272,968,000 after acquiring an additional 6,725,767 shares in the last quarter. Sanders Capital LLC boosted its holdings in Halliburton by 24.8% in the third quarter. Sanders Capital LLC now owns 19,776,422 shares of the oilfield services company’s stock worth $883,006,000 after acquiring an additional 3,932,014 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in Halliburton by 24.6% in the third quarter. Macquarie Group Ltd. now owns 18,166,419 shares of the oilfield services company’s stock worth $736,285,000 after acquiring an additional 3,586,694 shares in the last quarter. Finally, Capital International Investors boosted its holdings in Halliburton by 62.6% in the third quarter. Capital International Investors now owns 8,644,460 shares of the oilfield services company’s stock worth $350,360,000 after acquiring an additional 3,328,011 shares in the last quarter. Institutional investors and hedge funds own 78.00% of the company’s stock.

Shares of HAL traded down $0.11 on Monday, reaching $29.59. 21,850 shares of the company’s stock traded hands, compared to its average volume of 9,202,357. The company has a current ratio of 2.30, a quick ratio of 1.68 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $26.02 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 1.83 and a beta of 1.27. Halliburton has a 52-week low of $24.70 and a 52-week high of $54.91.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.87 billion. Halliburton had a return on equity of 18.57% and a net margin of 6.90%. Halliburton’s revenue was down .1% on a year-over-year basis. During the same period last year, the business posted $0.53 earnings per share. As a group, equities research analysts predict that Halliburton will post 1.4 earnings per share for the current year.

Several brokerages have issued reports on HAL. Guggenheim set a $50.00 price target on Halliburton and gave the stock a “buy” rating in a report on Wednesday, October 24th. Bank of America assumed coverage on Halliburton in a report on Wednesday, October 17th. They issued a “buy” rating on the stock. Stifel Nicolaus set a $36.00 target price on Halliburton and gave the company a “buy” rating in a report on Tuesday, January 22nd. Societe Generale set a $42.00 target price on Halliburton and gave the company a “hold” rating in a report on Monday, October 22nd. Finally, Credit Suisse Group set a $46.00 target price on Halliburton and gave the company a “buy” rating in a report on Tuesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $45.65.

In related news, VP Anne L. Beaty sold 2,548 shares of the stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $29.48, for a total transaction of $75,115.04. Following the completion of the sale, the vice president now directly owns 56,663 shares of the company’s stock, valued at $1,670,425.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Anne L. Beaty sold 1,300 shares of the stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $28.50, for a total value of $37,050.00. Following the sale, the vice president now directly owns 58,848 shares of the company’s stock, valued at $1,677,168. The disclosure for this sale can be found here. Insiders have sold 11,577 shares of company stock valued at $360,700 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

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About Halliburton

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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