WD Rutherford LLC Boosts Holdings in Halliburton (NYSE:HAL)

WD Rutherford LLC grew its holdings in shares of Halliburton (NYSE:HAL) by 8.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,350 shares of the oilfield services company’s stock after acquiring an additional 5,365 shares during the quarter. WD Rutherford LLC’s holdings in Halliburton were worth $2,734,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in HAL. Lake Street Advisors Group LLC increased its stake in shares of Halliburton by 2.3% in the third quarter. Lake Street Advisors Group LLC now owns 11,972 shares of the oilfield services company’s stock worth $485,000 after buying an additional 268 shares during the period. Farmers & Merchants Investments Inc. increased its stake in shares of Halliburton by 27.2% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company’s stock worth $50,000 after buying an additional 296 shares during the period. GPS Wealth Strategies Group LLC increased its stake in shares of Halliburton by 16.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 2,363 shares of the oilfield services company’s stock worth $85,000 after buying an additional 329 shares during the period. Financial Partners Group LLC increased its stake in shares of Halliburton by 2.4% in the fourth quarter. Financial Partners Group LLC now owns 15,351 shares of the oilfield services company’s stock worth $555,000 after buying an additional 356 shares during the period. Finally, Fidelis Capital Partners LLC boosted its holdings in Halliburton by 1.8% in the fourth quarter. Fidelis Capital Partners LLC now owns 20,256 shares of the oilfield services company’s stock valued at $732,000 after acquiring an additional 359 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HAL has been the topic of several recent analyst reports. Benchmark reiterated a “buy” rating and issued a $45.00 price target on shares of Halliburton in a report on Wednesday, April 24th. Citigroup cut their price target on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Friday. Susquehanna reiterated a “positive” rating and issued a $49.00 price target on shares of Halliburton in a report on Monday, April 8th. Jefferies Financial Group lifted their price target on shares of Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Morgan Stanley lifted their price target on shares of Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $48.75.

Insiders Place Their Bets

In other news, EVP Van H. Beckwith sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $369,200.00. Following the completion of the sale, the executive vice president now owns 283,908 shares of the company’s stock, valued at approximately $10,481,883.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Van H. Beckwith sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $369,200.00. Following the completion of the sale, the executive vice president now owns 283,908 shares of the company’s stock, valued at approximately $10,481,883.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jill D. Sharp sold 3,346 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the sale, the senior vice president now directly owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,287 shares of company stock valued at $1,930,704. 0.61% of the stock is owned by insiders.

Halliburton Stock Up 0.5 %

Halliburton stock traded up $0.17 during mid-day trading on Friday, reaching $33.78. The stock had a trading volume of 19,130,644 shares, compared to its average volume of 9,605,074. The company has a market capitalization of $29.91 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 0.85 and a beta of 1.93. The company has a 50-day moving average price of $35.89 and a two-hundred day moving average price of $36.33. Halliburton has a one year low of $32.27 and a one year high of $43.85. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.12 and a quick ratio of 1.52.

Halliburton (NYSE:HAL) last announced its quarterly 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. The company had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. Halliburton’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. On average, analysts expect that Halliburton will post 3.39 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Wednesday, June 5th. Halliburton’s dividend payout ratio (DPR) is 23.53%.

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.