Halliburton Company $HAL Shares Sold by KLCM Advisors Inc.

Key Points

• KLCM Advisors Inc. reduced its stake in Halliburton by 16.4%, selling 74,338 shares and now holds 379,406 shares valued at approximately $9.63 million.
• Several other institutional investors, including Mirae Asset Global Investments Co. Ltd., significantly increased their holdings in Halliburton, with Mirae growing its position by 754.5% during the same quarter.
• Halliburton reported $0.55 EPS for the last quarter, meeting analyst expectations, with revenues at $5.51 billion, down 5.5% compared to the previous year.

KLCM Advisors Inc. reduced its stake in shares of Halliburton Company (NYSE:HAL - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 379,406 shares of the oilfield services company's stock after selling 74,338 shares during the quarter. Halliburton accounts for 1.1% of KLCM Advisors Inc.'s holdings, making the stock its 28th largest position. KLCM Advisors Inc.'s holdings in Halliburton were worth $9,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of HAL. Mascagni Wealth Management Inc. purchased a new position in Halliburton during the fourth quarter valued at approximately $28,000. Stone House Investment Management LLC purchased a new position in Halliburton during the first quarter valued at approximately $30,000. Hexagon Capital Partners LLC raised its position in Halliburton by 87.4% during the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock valued at $36,000 after acquiring an additional 656 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Halliburton during the first quarter valued at approximately $37,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Halliburton during the fourth quarter valued at approximately $39,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HAL shares. The Goldman Sachs Group cut their price objective on Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Morgan Stanley reduced their target price on Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Barclays reduced their target price on Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 23rd. Citigroup reduced their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Susquehanna reduced their target price on Halliburton from $30.00 to $27.00 and set a "positive" rating for the company in a research note on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Halliburton has a consensus rating of "Moderate Buy" and an average price target of $31.00.

Halliburton Price Performance

Shares of NYSE:HAL traded down $0.2510 during midday trading on Tuesday, hitting $21.0790. The company had a trading volume of 3,135,211 shares, compared to its average volume of 13,670,325. The business's 50-day simple moving average is $21.68 and its 200-day simple moving average is $22.47. The stock has a market cap of $17.97 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 3.69 and a beta of 1.12. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $32.57.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, hitting analysts' consensus estimates of $0.55. The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The firm's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share. On average, research analysts predict that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 3.2%. Halliburton's payout ratio is 31.78%.

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.