TrimTabs Asset Management LLC Sells 34,094 Shares of Halliburton (NYSE:HAL)

TrimTabs Asset Management LLC trimmed its holdings in Halliburton (NYSE:HAL) by 32.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,748 shares of the oilfield services company’s stock after selling 34,094 shares during the period. TrimTabs Asset Management LLC’s holdings in Halliburton were worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HAL. Norges Bank bought a new position in shares of Halliburton in the fourth quarter valued at $230,118,000. Boston Partners lifted its position in shares of Halliburton by 814.5% during the fourth quarter. Boston Partners now owns 6,127,806 shares of the oilfield services company’s stock valued at $115,816,000 after purchasing an additional 5,457,713 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Halliburton by 550.9% during the fourth quarter. Janus Henderson Group PLC now owns 3,319,101 shares of the oilfield services company’s stock valued at $62,732,000 after purchasing an additional 2,809,156 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of Halliburton during the fourth quarter valued at about $46,387,000. Finally, Voloridge Investment Management LLC bought a new position in shares of Halliburton during the fourth quarter valued at about $44,524,000. 75.37% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Eric Carre sold 2,350 shares of the business’s stock in a transaction that occurred on Friday, January 8th. The shares were sold at an average price of $20.68, for a total transaction of $48,598.00. Following the completion of the transaction, the executive vice president now owns 173,320 shares of the company’s stock, valued at $3,584,257.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Myrtle L. Jones sold 5,462 shares of the business’s stock in a transaction that occurred on Friday, March 5th. The shares were sold at an average price of $23.50, for a total transaction of $128,357.00. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

HAL has been the topic of a number of recent analyst reports. Cowen raised their price target on shares of Halliburton from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, January 20th. Royal Bank of Canada reissued a “buy” rating and set a $23.00 price target on shares of Halliburton in a research report on Wednesday, January 20th. Stephens raised shares of Halliburton from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $14.00 to $25.00 in a research report on Wednesday, January 20th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of Halliburton from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $13.50 to $24.00 in a report on Tuesday, December 15th. Finally, Smith Barney Citigroup upgraded shares of Halliburton from a “neutral” rating to a “buy” rating in a report on Tuesday, December 15th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Halliburton has an average rating of “Hold” and an average price target of $16.96.

Shares of HAL traded down $0.20 during trading hours on Thursday, hitting $21.22. The company’s stock had a trading volume of 160,439 shares, compared to its average volume of 11,284,377. The company has a market cap of $18.86 billion, a price-to-earnings ratio of -4.20, a PEG ratio of 2.22 and a beta of 2.81. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.30 and a quick ratio of 1.64. The business has a 50 day simple moving average of $22.09 and a two-hundred day simple moving average of $17.98. Halliburton has a 52-week low of $6.53 and a 52-week high of $24.74.

Halliburton (NYSE:HAL) last posted its earnings results on Monday, January 18th. The oilfield services company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.21 billion. Halliburton had a negative net margin of 26.60% and a positive return on equity of 11.10%. The company’s revenue was down 37.6% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. Research analysts predict that Halliburton will post 0.62 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 24th. Investors of record on Wednesday, March 3rd were paid a dividend of $0.045 per share. The ex-dividend date was Tuesday, March 2nd. This represents a $0.18 annualized dividend and a yield of 0.85%. Halliburton’s dividend payout ratio is currently 14.52%.

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 well bonding and casing, as well as provides casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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