Halliburton Company (HAL) Stake Lowered by Ballentine Partners LLC

Ballentine Partners LLC lessened its stake in Halliburton Company (NYSE:HAL) by 53.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,679 shares of the oilfield services company’s stock after selling 5,269 shares during the quarter. Ballentine Partners LLC’s holdings in Halliburton were worth $229,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of Halliburton in the fourth quarter valued at approximately $131,000. YorkBridge Wealth Partners LLC grew its holdings in Halliburton by 243.3% during the third quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock worth $146,000 after acquiring an additional 2,243 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in Halliburton during the third quarter worth $184,000. Krilogy Financial LLC grew its holdings in Halliburton by 35.9% during the second quarter. Krilogy Financial LLC now owns 4,588 shares of the oilfield services company’s stock worth $196,000 after acquiring an additional 1,212 shares during the period. Finally, Neville Rodie & Shaw Inc. acquired a new position in Halliburton during the third quarter worth $202,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.

A number of analysts have commented on the company. BMO Capital Markets set a $63.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Loop Capital reiterated a “buy” rating and issued a $57.00 target price (down from $62.00) on shares of Halliburton in a research note on Tuesday, October 24th. Scotiabank reiterated a “buy” rating and issued a $52.00 target price on shares of Halliburton in a research note on Wednesday, October 25th. Citigroup dropped their price target on Halliburton from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. Finally, Cowen restated a “market perform” rating and set a $50.00 price target on shares of Halliburton in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $59.73.

Halliburton Company (NYSE HAL) traded down $0.10 on Wednesday, reaching $47.29. The company had a trading volume of 1,686,145 shares, compared to its average volume of 10,105,617. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $57.86. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 1.25. The firm has a market cap of $41,350.00, a PE ratio of 126.93, a P/E/G ratio of 2.29 and a beta of 0.96.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.63 billion. During the same period last year, the firm earned $0.04 EPS. The firm’s revenue for the quarter was up 47.7% on a year-over-year basis. equities analysts predict that Halliburton Company will post 2.62 EPS for the current fiscal year.

In other news, EVP Lawrence J. Pope sold 9,100 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $41.35, for a total transaction of $376,285.00. Following the completion of the sale, the executive vice president now directly owns 180,646 shares of the company’s stock, valued at approximately $7,469,712.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Anne L. Beaty sold 2,937 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $51.57, for a total value of $151,461.09. Following the sale, the vice president now directly owns 60,839 shares of the company’s stock, valued at $3,137,467.23. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 164,507 shares of company stock worth $8,380,429. 0.47% of the stock is owned by insiders.

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Halliburton Company Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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