Hills Bank & Trust Co. Purchases 3,030 Shares of Halliburton (HAL)

Hills Bank & Trust Co. boosted its position in shares of Halliburton (NYSE:HAL) by 19.9% in the 1st quarter, Holdings Channel reports. The firm owned 18,281 shares of the oilfield services company’s stock after buying an additional 3,030 shares during the quarter. Hills Bank & Trust Co.’s holdings in Halliburton were worth $535,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Flagship Harbor Advisors LLC grew its position in shares of Halliburton by 8.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 4,392 shares of the oilfield services company’s stock valued at $128,000 after purchasing an additional 342 shares during the period. Rehmann Capital Advisory Group grew its position in shares of Halliburton by 4.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 7,980 shares of the oilfield services company’s stock valued at $212,000 after purchasing an additional 361 shares during the period. One Capital Management LLC grew its position in shares of Halliburton by 0.7% in the 4th quarter. One Capital Management LLC now owns 53,646 shares of the oilfield services company’s stock valued at $1,426,000 after purchasing an additional 369 shares during the period. Tlwm grew its position in shares of Halliburton by 3.8% in the 4th quarter. Tlwm now owns 10,166 shares of the oilfield services company’s stock valued at $307,000 after purchasing an additional 369 shares during the period. Finally, Welch & Forbes LLC grew its position in shares of Halliburton by 4.5% in the 4th quarter. Welch & Forbes LLC now owns 9,000 shares of the oilfield services company’s stock valued at $239,000 after purchasing an additional 390 shares during the period. 80.94% of the stock is owned by hedge funds and other institutional investors.

In other Halliburton news, CFO Lance Loeffler sold 5,926 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $28.35, for a total value of $168,002.10. Following the sale, the chief financial officer now owns 55,885 shares in the company, valued at approximately $1,584,339.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.61% of the company’s stock.

Several equities analysts recently issued reports on the company. Goldman Sachs Group assumed coverage on Halliburton in a research report on Sunday, March 10th. They issued a “buy” rating and a $42.00 price objective for the company. Stifel Nicolaus set a $36.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Tuesday, January 22nd. Barclays decreased their price objective on Halliburton from $38.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Royal Bank of Canada set a $48.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Finally, Citigroup set a $39.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.38.

NYSE HAL opened at $31.59 on Thursday. The company has a market capitalization of $27.31 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 2.00 and a beta of 1.17. The company has a current ratio of 2.32, a quick ratio of 1.69 and a debt-to-equity ratio of 1.09. Halliburton has a 52 week low of $24.70 and a 52 week high of $54.91.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.87 billion. Halliburton had a return on equity of 18.57% and a net margin of 6.90%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. As a group, equities analysts expect that Halliburton will post 1.35 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.28%. The ex-dividend date was Tuesday, March 5th. Halliburton’s payout ratio is 37.89%.

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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.

Further Reading: Market Capitalization and Individual Investors

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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