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.
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%.
ILLEGAL ACTIVITY WARNING: This piece of content was originally published by WKRB News and is the sole property of of WKRB News. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.wkrb13.com/2019/04/18/hills-bank-trust-co-purchases-3030-shares-of-halliburton-hal.html.
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
Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton (NYSE:HAL).
Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.