CCM Investment Advisers LLC reduced its stake in shares of Halliburton (NYSE:HAL) by 7.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 154,223 shares of the oilfield services company’s stock after selling 12,035 shares during the period. CCM Investment Advisers LLC’s holdings in Halliburton were worth $7,536,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFG Advisory LLC bought a new stake in shares of Halliburton during the 4th quarter worth $253,000. Calton & Associates Inc. bought a new stake in shares of Halliburton during the 4th quarter worth $128,000. Cerebellum GP LLC bought a new stake in shares of Halliburton during the 4th quarter worth $131,000. Icon Wealth Partners LLC purchased a new position in Halliburton in the 4th quarter worth $147,000. Finally, Nicolet Bankshares Inc. purchased a new position in Halliburton in the 4th quarter worth $193,000. 80.24% of the stock is owned by institutional investors.
In related news, insider Timothy Mckeon sold 1,609 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $48.99, for a total transaction of $78,824.91. Following the transaction, the insider now owns 18,612 shares in the company, valued at $911,801.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Anne L. Beaty sold 2,937 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $51.57, for a total transaction of $151,461.09. Following the transaction, the vice president now owns 60,839 shares in the company, valued at approximately $3,137,467.23. The disclosure for this sale can be found here. Insiders have sold 125,922 shares of company stock worth $6,706,509 in the last quarter. 0.47% of the stock is owned by corporate insiders.
Halliburton stock opened at $47.11 on Thursday. Halliburton has a 52-week low of $38.18 and a 52-week high of $57.86. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.72 and a current ratio of 2.22. The stock has a market cap of $39,090.97, a PE ratio of -88.89, a P/E/G ratio of 2.19 and a beta of 1.07.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.63 billion. During the same quarter in the previous year, the company earned $0.04 earnings per share. Halliburton’s quarterly revenue was up 47.7% on a year-over-year basis. research analysts forecast that Halliburton will post 2.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Tuesday, March 6th. Halliburton’s dividend payout ratio is currently -135.85%.
A number of equities analysts recently commented on the stock. BMO Capital Markets set a $63.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Loop Capital reiterated a “buy” rating and issued a $69.00 target price (up previously from $57.00) on shares of Halliburton in a research report on Tuesday, January 23rd. Jefferies Group set a $57.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Thursday, January 4th. Zacks Investment Research cut shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Finally, Sanford C. Bernstein set a $60.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have assigned a buy rating to the company. Halliburton currently has a consensus rating of “Buy” and a consensus price target of $58.83.
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.