Monte Financial Group LLC increased its position in Halliburton (NYSE:HAL) by 16.1% in the first quarter, HoldingsChannel.com reports. The firm owned 96,599 shares of the oilfield services company’s stock after purchasing an additional 13,362 shares during the quarter. Halliburton accounts for approximately 2.5% of Monte Financial Group LLC’s holdings, making the stock its 22nd biggest holding. Monte Financial Group LLC’s holdings in Halliburton were worth $2,830,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HAL. SevenBridge Financial Group LLC raised its stake in shares of Halliburton by 387.5% in the fourth quarter. SevenBridge Financial Group LLC now owns 975 shares of the oilfield services company’s stock worth $26,000 after purchasing an additional 775 shares during the last quarter. Essex Savings Bank purchased a new position in shares of Halliburton in the fourth quarter worth $27,000. Paragon Capital Management LLC bought a new stake in shares of Halliburton in the first quarter worth $29,000. American Research & Management Co. bought a new stake in Halliburton during the first quarter valued at about $29,000. Finally, CX Institutional bought a new stake in Halliburton during the fourth quarter valued at about $30,000. Institutional investors own 80.94% of the company’s stock.
NYSE:HAL traded down $0.04 during midday trading on Tuesday, hitting $31.05. The stock had a trading volume of 313,608 shares, compared to its average volume of 9,722,008. Halliburton has a one year low of $24.70 and a one year high of $54.91. The stock has a market cap of $27.17 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 1.66 and a beta of 1.17. The company has a quick ratio of 1.69, a current ratio of 2.32 and a debt-to-equity ratio of 1.09.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, April 22nd. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Halliburton had a return on equity of 18.57% and a net margin of 6.90%. The company had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.53 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Halliburton’s revenue was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Halliburton will post 1.35 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.72 annualized dividend and a yield of 2.32%. Halliburton’s dividend payout ratio (DPR) is presently 37.89%.
HAL has been the subject of several recent research reports. SunTrust Banks cut their price target on Halliburton to $39.00 and set an “average” rating for the company in a report on Tuesday. Barclays set a $38.00 price objective on Halliburton and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Royal Bank of Canada set a $48.00 price objective on Halliburton and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Citigroup set a $39.00 price objective on Halliburton and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Finally, UBS Group set a $40.00 price objective on Halliburton and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $44.58.
In other Halliburton news, CFO Lance Loeffler sold 5,926 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $28.35, for a total transaction of $168,002.10. Following the sale, the chief financial officer now owns 55,885 shares of the company’s stock, valued at approximately $1,584,339.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by company insiders.
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.
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