Connecticut Wealth Management LLC Makes New Investment in Halliburton (NYSE:HAL)

Connecticut Wealth Management LLC purchased a new position in Halliburton (NYSE:HAL - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 21,895 shares of the oilfield services company's stock, valued at approximately $792,000.

A number of other large investors also recently modified their holdings of the business. Ancora Advisors LLC lifted its position in shares of Halliburton by 443.8% during the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company's stock worth $36,000 after buying an additional 719 shares during the period. Princeton Global Asset Management LLC bought a new stake in shares of Halliburton in the 4th quarter worth about $36,000. Criterion Capital Advisors LLC acquired a new stake in shares of Halliburton during the 4th quarter worth about $37,000. Stone House Investment Management LLC bought a new position in Halliburton during the 4th quarter valued at about $38,000. Finally, Farmers & Merchants Investments Inc. boosted its position in Halliburton by 27.2% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company's stock valued at $50,000 after buying an additional 296 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Trading Up 0.1 %

Shares of Halliburton stock traded up $0.03 during trading hours on Friday, hitting $36.73. The company's stock had a trading volume of 3,899,005 shares, compared to its average volume of 6,076,928. The company has a market capitalization of $32.52 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.93 and a beta of 2.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.12 and a quick ratio of 1.52. The stock has a 50 day moving average of $38.08 and a 200 day moving average of $37.14. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85.

Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business had revenue of $5.80 billion during the quarter, compared to analysts' expectations of $5.67 billion. During the same period in the prior year, the business earned $0.72 EPS. Halliburton's revenue for the quarter was up 2.2% compared to the same quarter last year. Analysts predict that Halliburton will post 3.39 earnings per share for the current year.

Analysts Set New Price Targets

HAL has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price on Halliburton from $50.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday, April 29th. Jefferies Financial Group raised their target price on Halliburton from $49.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday. Morgan Stanley increased their price objective on shares of Halliburton from $45.00 to $50.00 and gave the stock an "overweight" rating in a report on Tuesday, April 23rd. TD Cowen boosted their target price on shares of Halliburton from $47.00 to $48.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. Finally, Barclays decreased their price target on shares of Halliburton from $55.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $48.59.

Insider Transactions at Halliburton

In other news, Director Margaret Katherine Banks sold 5,000 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the sale, the director now directly owns 9,625 shares in the company, valued at $339,762.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.30, for a total value of $13,308,100.00. Following the completion of the transaction, the chief executive officer now owns 759,015 shares of the company's stock, valued at $26,793,229.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now owns 9,625 shares in the company, valued at $339,762.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

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.