Halliburton (NYSE:HAL) Stake Trimmed by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC lessened its holdings in shares of Halliburton (NYSE:HALGet Rating) by 38.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,533 shares of the oilfield services company’s stock after selling 4,163 shares during the quarter. Meadow Creek Wealth Advisors LLC’s holdings in Halliburton were worth $247,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Halliburton in the 4th quarter worth approximately $487,897,000. BlackRock Inc. increased its position in shares of Halliburton by 6.4% during the fourth quarter. BlackRock Inc. now owns 67,462,484 shares of the oilfield services company’s stock valued at $1,542,867,000 after purchasing an additional 4,047,725 shares during the period. Invesco Ltd. increased its position in shares of Halliburton by 41.5% during the fourth quarter. Invesco Ltd. now owns 8,959,952 shares of the oilfield services company’s stock valued at $204,914,000 after purchasing an additional 2,629,058 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Halliburton by 30.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,593,086 shares of the oilfield services company’s stock valued at $195,617,000 after acquiring an additional 2,001,638 shares during the period. Finally, 1832 Asset Management L.P. bought a new stake in Halliburton in the fourth quarter valued at $41,899,000. 79.17% of the stock is owned by institutional investors and hedge funds.

In other news, VP Timothy Mckeon sold 4,900 shares of the business’s stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $41.00, for a total value of $200,900.00. Following the transaction, the vice president now directly owns 43,782 shares of the company’s stock, valued at approximately $1,795,062. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joe D. Rainey sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $42.73, for a total value of $854,600.00. Following the transaction, the insider now directly owns 310,014 shares in the company, valued at $13,246,898.22. The disclosure for this sale can be found here. Insiders sold a total of 207,412 shares of company stock worth $8,432,979 in the last quarter. Corporate insiders own 0.57% of the company’s stock.

Shares of HAL stock opened at $32.09 on Thursday. The firm has a market capitalization of $28.94 billion, a P/E ratio of 18.55 and a beta of 2.28. Halliburton has a twelve month low of $17.82 and a twelve month high of $43.99. The company has a quick ratio of 1.61, a current ratio of 2.19 and a debt-to-equity ratio of 1.21. The stock’s fifty day simple moving average is $37.73 and its 200 day simple moving average is $33.30.

Halliburton (NYSE:HALGet Rating) last issued its quarterly earnings data on Tuesday, April 19th. The oilfield services company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.20 billion. Halliburton had a return on equity of 17.83% and a net margin of 9.61%. Halliburton’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. As a group, equities research analysts expect that Halliburton will post 1.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 1st were given a $0.12 dividend. The ex-dividend date was Tuesday, May 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.50%. Halliburton’s dividend payout ratio (DPR) is presently 27.75%.

HAL has been the topic of several research analyst reports. Wells Fargo & Company increased their target price on Halliburton from $30.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, March 31st. StockNews.com lowered Halliburton from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. HSBC upgraded Halliburton from a “hold” rating to a “buy” rating and increased their price objective for the stock from $36.60 to $41.60 in a report on Wednesday, April 27th. Susquehanna Bancshares raised their price target on Halliburton from $45.00 to $48.00 in a research note on Wednesday, April 20th. Finally, Citigroup raised their price target on Halliburton from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, April 20th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and a consensus price target of $38.08.

Halliburton Profile (Get Rating)

Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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