Meadow Creek Wealth Advisors LLC Invests $203,000 in Halliburton (NYSE:HAL)

Meadow Creek Wealth Advisors LLC purchased a new position in Halliburton (NYSE:HAL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,625 shares of the oilfield services company’s stock, valued at approximately $203,000.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Halliburton by 1.5% in the first quarter. Geode Capital Management LLC now owns 18,691,333 shares of the oilfield services company’s stock worth $590,048,000 after acquiring an additional 271,718 shares during the period. Morgan Stanley raised its holdings in shares of Halliburton by 65.5% in the fourth quarter. Morgan Stanley now owns 17,217,776 shares of the oilfield services company’s stock worth $677,520,000 after buying an additional 6,815,373 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Halliburton by 123.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 15,936,342 shares of the oilfield services company’s stock worth $627,088,000 after purchasing an additional 8,791,319 shares in the last quarter. Norges Bank bought a new position in Halliburton in the fourth quarter worth approximately $457,245,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Halliburton by 3.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,384,178 shares of the oilfield services company’s stock valued at $408,617,000 after acquiring an additional 384,016 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the transaction, the director now owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the transaction, the director now owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.30, for a total value of $13,308,100.00. Following the sale, the chief executive officer now owns 759,015 shares in the company, valued at $26,793,229.50. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Halliburton Stock Performance

HAL stock traded up $0.59 during midday trading on Friday, reaching $39.42. The stock had a trading volume of 5,828,649 shares, compared to its average volume of 6,877,908. The stock has a market cap of $35.09 billion, a PE ratio of 13.45, a P/E/G ratio of 0.97 and a beta of 1.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.48 and a current ratio of 2.06. The firm has a fifty day simple moving average of $35.95 and a two-hundred day simple moving average of $37.56. Halliburton has a 52-week low of $27.84 and a 52-week high of $43.85.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.78 billion. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. As a group, equities research analysts anticipate that Halliburton will post 3.43 EPS for the current year.

Halliburton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.73%. This is a positive change from Halliburton’s previous quarterly dividend of $0.16. Halliburton’s dividend payout ratio (DPR) is presently 23.21%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HAL. TD Cowen increased their target price on Halliburton from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Susquehanna reaffirmed a “positive” rating and set a $49.00 target price on shares of Halliburton in a research report on Tuesday, February 13th. UBS Group raised their price objective on Halliburton from $44.00 to $48.00 in a research report on Monday, January 22nd. Barclays lowered their price objective on Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, January 24th. Finally, StockNews.com raised Halliburton from a “hold” rating to a “buy” rating in a research report on Friday, March 8th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $48.63.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through 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; and 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.