Alerus Financial NA Invests $3.47 Million in Halliburton (HAL) Stock

Alerus Financial NA acquired a new position in Halliburton (NYSE:HAL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 73,844 shares of the oilfield services company’s stock, valued at approximately $3,466,000.

Other institutional investors have also recently bought and sold shares of the company. Madison Investment Holdings Inc. purchased a new stake in Halliburton in the 4th quarter worth about $4,875,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Halliburton by 42.3% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 498,021 shares of the oilfield services company’s stock worth $24,338,000 after acquiring an additional 148,155 shares during the period. Tyers Asset Management LLC increased its position in shares of Halliburton by 36.9% during the fourth quarter. Tyers Asset Management LLC now owns 16,192 shares of the oilfield services company’s stock worth $791,000 after acquiring an additional 4,368 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in shares of Halliburton during the fourth quarter worth approximately $3,680,000. Finally, Financial Counselors Inc. increased its position in shares of Halliburton by 23.7% during the fourth quarter. Financial Counselors Inc. now owns 123,141 shares of the oilfield services company’s stock worth $6,018,000 after acquiring an additional 23,557 shares during the period. 79.81% of the stock is currently owned by institutional investors.

HAL has been the topic of a number of research reports. JPMorgan Chase 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. 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. 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. Credit Suisse Group reaffirmed an “outperform” rating and set a $65.00 target price (up from $55.00) on shares of Halliburton in a research report on Tuesday, January 23rd. Finally, Loop Capital reaffirmed a “buy” rating and set a $69.00 target price (up from $57.00) on shares of Halliburton in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have assigned a buy rating to the stock. Halliburton currently has a consensus rating of “Buy” and an average target price of $58.71.

Shares of Halliburton opened at $53.24 on Wednesday, MarketBeat Ratings reports. The company has a market cap of $47.58 billion, a P/E ratio of 43.64, a price-to-earnings-growth ratio of 2.74 and a beta of 1.03. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.73 and a current ratio of 2.22. Halliburton has a 52-week low of $38.18 and a 52-week high of $57.86.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, April 23rd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.74 billion. Halliburton had a negative net margin of 1.74% and a positive return on equity of 15.87%. Halliburton’s revenue was up 34.1% compared to the same quarter last year. During the same period last year, the company posted $0.04 earnings per share. sell-side analysts anticipate that Halliburton will post 2.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Investors of record on Wednesday, June 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, June 5th. Halliburton’s payout ratio is 59.02%.

Halliburton Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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