Focus Partners Wealth Buys 17,789 Shares of Halliburton (NYSE:HAL)

Focus Partners Wealth raised its position in shares of Halliburton (NYSE:HAL - Free Report) by 74.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,637 shares of the oilfield services company's stock after buying an additional 17,789 shares during the quarter. Focus Partners Wealth's holdings in Halliburton were worth $1,141,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Blume Capital Management Inc. grew its holdings in Halliburton by 33.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after buying an additional 400 shares in the last quarter. Wilmington Savings Fund Society FSB boosted 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 worth $347,000 after purchasing an additional 453 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Halliburton by 0.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 84,675 shares of the oilfield services company's stock worth $2,302,000 after purchasing an additional 484 shares during the period. UMB Bank n.a. boosted its holdings in shares of Halliburton by 14.3% in the 4th quarter. UMB Bank n.a. now owns 4,036 shares of the oilfield services company's stock worth $110,000 after purchasing an additional 505 shares during the period. Finally, Nikko Asset Management Americas Inc. boosted its holdings in shares of Halliburton by 1.2% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 42,683 shares of the oilfield services company's stock worth $1,161,000 after purchasing an additional 505 shares during the period. Hedge funds and other institutional investors own 85.23% of the company's stock.

Analyst Ratings Changes

HAL has been the subject of a number of recent research reports. Stifel Nicolaus dropped their target price on Halliburton from $37.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. UBS Group dropped their target price on Halliburton from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Hsbc Global Res upgraded Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Finally, Barclays dropped their target price on Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Halliburton currently has an average rating of "Moderate Buy" and a consensus target price of $33.53.

Halliburton Stock Down 0.3%

NYSE HAL traded down $0.05 on Friday, reaching $19.91. 8,117,220 shares of the stock traded hands, compared to its average volume of 10,586,295. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The company has a fifty day moving average price of $21.74 and a 200-day moving average price of $25.66. The company has a market cap of $17.12 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 3.79 and a beta of 1.19. Halliburton has a 12 month low of $18.72 and a 12 month high of $37.08.

Halliburton (NYSE:HAL - Get Free Report) last issued its 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. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. As a group, research analysts forecast that Halliburton will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) is presently 28.45%.

Insider Buying and Selling at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the transaction, the director now directly owns 10,551 shares of the company's stock, valued at approximately $253,646.04. The trade was a 26.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Timothy Mckeon sold 10,497 shares of the business's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the transaction, the vice president now directly owns 77,784 shares of the company's stock, valued at approximately $1,913,486.40. The trade was a 11.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,576 shares of company stock valued at $1,631,457 in the last ninety days. Corporate insiders own 0.56% of the company's stock.

Halliburton Profile

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.