Commerce Bank Has $931,000 Stake in Halliburton (NYSE:HAL)

Commerce Bank decreased its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 27.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,257 shares of the oilfield services company's stock after selling 12,941 shares during the quarter. Commerce Bank's holdings in Halliburton were worth $931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Horrell Capital Management Inc. acquired a new stake in shares of Halliburton during the 4th quarter valued at $33,000. Sierra Ocean LLC acquired a new stake in Halliburton during the fourth quarter valued at $36,000. Modus Advisors LLC purchased a new position in Halliburton in the fourth quarter valued at about $38,000. Blume Capital Management Inc. increased its position in 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 purchasing an additional 400 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Halliburton during the 4th quarter worth about $52,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on HAL. Royal Bank of Canada restated a "sector perform" rating and issued a $34.00 price objective on shares of Halliburton in a report on Thursday, January 23rd. Citigroup dropped their price target on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday. Evercore ISI reduced their price objective on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a research note on Wednesday, January 15th. Jefferies Financial Group decreased their price objective on shares of Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a report on Friday, January 3rd. Finally, Hsbc Global Res upgraded Halliburton to a "hold" rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $34.68.

Halliburton Stock Performance

HAL traded down $0.35 on Friday, hitting $20.86. 11,003,499 shares of the stock traded hands, compared to its average volume of 9,953,775. The business has a fifty day moving average price of $23.74 and a two-hundred day moving average price of $26.75. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $17.98 billion, a PE ratio of 7.37, a P/E/G ratio of 3.79 and a beta of 1.45. Halliburton has a 52 week low of $18.72 and a 52 week high of $38.89.

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

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.26%. Halliburton's payout ratio is presently 28.45%.

Insider Buying and Selling at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the sale, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,321,149.13. This represents a 52.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 in the company, valued at approximately $1,913,486.40. This represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 206,782 shares of company stock worth $5,321,170 over the last three months. Company insiders own 0.61% 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.