Boothbay Fund Management LLC Has $940,000 Stake in Halliburton (NYSE:HAL)

Boothbay Fund Management LLC boosted its holdings in Halliburton (NYSE:HAL - Free Report) by 275.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,579 shares of the oilfield services company's stock after purchasing an additional 25,370 shares during the period. Boothbay Fund Management LLC's holdings in Halliburton were worth $940,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. HBW Advisory Services LLC grew its stake in Halliburton by 3.9% in the fourth quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company's stock worth $286,000 after purchasing an additional 397 shares in the last quarter. Blume Capital Management Inc. grew its position in shares of Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after acquiring an additional 400 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of Halliburton by 3.7% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 12,776 shares of the oilfield services company's stock valued at $347,000 after acquiring an additional 453 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Halliburton by 0.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 84,675 shares of the oilfield services company's stock valued at $2,302,000 after acquiring an additional 484 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Halliburton by 14.3% during the 4th quarter. UMB Bank n.a. now owns 4,036 shares of the oilfield services company's stock valued at $110,000 after acquiring an additional 505 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Benchmark lowered their target price on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on shares of Halliburton from $29.00 to $27.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Susquehanna decreased their target price on Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Stifel Nicolaus cut their price target on Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Evercore ISI reduced their price objective on Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a research report on Wednesday, January 15th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, Halliburton has a consensus rating of "Moderate Buy" and an average price target of $33.84.

Halliburton Price Performance

Shares of Halliburton stock traded up $0.67 during trading on Friday, hitting $20.60. The stock had a trading volume of 11,296,500 shares, compared to its average volume of 10,086,584. The business has a fifty day moving average of $23.11 and a two-hundred day moving average of $26.46. Halliburton has a fifty-two week low of $18.72 and a fifty-two week high of $38.35. The firm has a market cap of $17.76 billion, a P/E ratio of 7.28, a PEG ratio of 3.79 and a beta of 1.45. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $5.28 billion. On average, sell-side analysts expect that Halliburton will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 3.30%. Halliburton's dividend payout ratio (DPR) is 28.45%.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 51,179 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at approximately $3,177,525. This represents a 28.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction that occurred 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 transaction, the director now directly owns 10,551 shares in the company, valued at approximately $253,646.04. This trade represents a 26.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 206,782 shares of company stock valued at $5,321,170. Corporate insiders own 0.61% of the company's stock.

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.