35,493 Shares in Halliburton (HAL) Purchased by Smith Salley & Associates

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Smith Salley & Associates purchased a new position in Halliburton (NYSE:HAL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 35,493 shares of the oilfield services company’s stock, valued at approximately $944,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in Halliburton by 12.7% during the 3rd quarter. Bank of Montreal Can now owns 634,507 shares of the oilfield services company’s stock worth $25,718,000 after purchasing an additional 71,566 shares during the period. MainStreet Investment Advisors LLC boosted its position in Halliburton by 16.5% during the 3rd quarter. MainStreet Investment Advisors LLC now owns 84,343 shares of the oilfield services company’s stock worth $3,418,000 after purchasing an additional 11,957 shares during the period. First Manhattan Co. boosted its position in Halliburton by 26.6% during the 3rd quarter. First Manhattan Co. now owns 19,056 shares of the oilfield services company’s stock worth $772,000 after purchasing an additional 4,000 shares during the period. Nikko Asset Management Americas Inc. boosted its position in Halliburton by 0.8% during the 3rd quarter. Nikko Asset Management Americas Inc. now owns 464,256 shares of the oilfield services company’s stock worth $18,900,000 after purchasing an additional 3,803 shares during the period. Finally, Hills Bank & Trust Co. boosted its position in Halliburton by 72.0% during the 3rd quarter. Hills Bank & Trust Co. now owns 14,078 shares of the oilfield services company’s stock worth $571,000 after purchasing an additional 5,893 shares during the period. 78.00% of the stock is owned by institutional investors.

In other Halliburton news, VP Anne L. Beaty sold 1,300 shares of the stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $28.50, for a total value of $37,050.00. Following the completion of the sale, the vice president now owns 58,848 shares in the company, valued at approximately $1,677,168. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Anne L. Beaty sold 2,548 shares of the stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $29.48, for a total transaction of $75,115.04. Following the completion of the sale, the vice president now owns 56,663 shares of the company’s stock, valued at approximately $1,670,425.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,577 shares of company stock valued at $360,700. Insiders own 0.54% of the company’s stock.

HAL stock opened at $29.51 on Monday. Halliburton has a 12-month low of $24.70 and a 12-month high of $54.91. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.30 and a quick ratio of 1.68. The company has a market capitalization of $26.02 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 1.83 and a beta of 1.27.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. Halliburton had a net margin of 6.90% and a return on equity of 18.57%. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.87 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue was down .1% compared to the same quarter last year. On average, research analysts expect that Halliburton will post 1.4 earnings per share for the current fiscal year.

A number of analysts recently weighed in on HAL shares. Morgan Stanley reaffirmed a “buy” rating on shares of Halliburton in a research report on Tuesday, October 23rd. Royal Bank of Canada set a $56.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research report on Monday, October 22nd. Zacks Investment Research cut shares of Halliburton from a “hold” rating to a “strong sell” rating in a research report on Friday, January 11th. Societe Generale set a $42.00 price target on shares of Halliburton and gave the stock a “hold” rating in a research report on Monday, October 22nd. Finally, Macquarie set a $40.00 price objective on shares of Halliburton and gave the stock a “hold” rating in a report on Tuesday, October 23rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. Halliburton currently has a consensus rating of “Buy” and a consensus target price of $45.65.

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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 bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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