Aspire Growth Partners LLC Acquires New Holdings in Halliburton (NYSE:HAL)

Aspire Growth Partners LLC bought a new stake in shares of Halliburton (NYSE:HAL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,092 shares of the oilfield services company's stock, valued at approximately $981,000.

Other hedge funds have also bought and sold shares of the company. Mediolanum International Funds Ltd grew its stake in shares of Halliburton by 48.2% during the 4th quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company's stock valued at $1,931,000 after acquiring an additional 23,340 shares during the period. Sei Investments Co. boosted its position in shares of Halliburton by 18.2% in the fourth quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company's stock worth $7,584,000 after purchasing an additional 42,876 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Halliburton by 3.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company's stock worth $61,375,000 after purchasing an additional 80,567 shares during the period. Congress Asset Management Co. purchased a new stake in shares of Halliburton in the fourth quarter worth $621,000. Finally, Massachusetts Wealth Management raised its position in shares of Halliburton by 180.9% during the 4th quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company's stock valued at $1,188,000 after purchasing an additional 28,125 shares during the period. Institutional investors own 85.23% of the company's stock.

Halliburton Trading Down 3.6 %

HAL stock traded down $0.75 during mid-day trading on Monday, reaching $19.85. 16,598,445 shares of the stock traded hands, compared to its average volume of 10,137,406. The business has a 50-day moving average price of $22.99 and a two-hundred day moving average price of $26.36. The stock has a market capitalization of $17.07 billion, a PE ratio of 7.01, a PEG ratio of 3.79 and a beta of 1.19. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. Halliburton has a one year low of $18.72 and a one year high of $38.35.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates of $0.60. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. Equities research analysts expect that Halliburton will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Wednesday, March 5th. Halliburton's payout ratio is currently 28.45%.

Insider Buying and Selling at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the sale, the director now directly owns 10,551 shares of the company's stock, valued at $253,646.04. The trade was a 26.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Eric Carre sold 141,206 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,321,149.13. The trade was a 52.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 206,782 shares of company stock valued at $5,321,170 in the last quarter. 0.56% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HAL. Raymond James lowered Halliburton from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. Citigroup cut their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Barclays decreased their target price on Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Susquehanna cut their price objective on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus reduced their price objective on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.84.

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.