Halliburton (NYSE:HAL) is Merrion Investment Management Co LLC’s 6th Largest Position

Merrion Investment Management Co LLC grew its stake in shares of Halliburton (NYSE:HAL) by 8.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,100 shares of the oilfield services company’s stock after acquiring an additional 9,720 shares during the quarter. Halliburton comprises about 3.6% of Merrion Investment Management Co LLC’s investment portfolio, making the stock its 6th biggest holding. Merrion Investment Management Co LLC’s holdings in Halliburton were worth $5,089,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HAL. Lake Street Advisors Group LLC boosted its position in 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 purchasing an additional 268 shares during the last quarter. Farmers & Merchants Investments Inc. grew its position in Halliburton by 27.2% during 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 during the period. GPS Wealth Strategies Group LLC increased its holdings in Halliburton by 16.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 2,363 shares of the oilfield services company’s stock valued at $85,000 after buying an additional 329 shares during the last quarter. Financial Partners Group LLC raised its position in 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 acquiring an additional 356 shares during the period. Finally, Fidelis Capital Partners LLC boosted its stake in shares of Halliburton by 1.8% during the 4th quarter. Fidelis Capital Partners LLC now owns 20,256 shares of the oilfield services company’s stock worth $732,000 after acquiring an additional 359 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Halliburton news, insider Jeffrey Shannon Slocum sold 38,941 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total transaction of $1,437,701.72. Following the completion of the transaction, the insider now owns 130,783 shares in the company, valued at $4,828,508.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Halliburton news, insider Jeffrey Shannon Slocum sold 38,941 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $1,437,701.72. Following the completion of the sale, the insider now directly owns 130,783 shares of the company’s stock, valued at approximately $4,828,508.36. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jill D. Sharp sold 3,346 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total transaction of $123,802.00. Following the transaction, the senior vice president now directly owns 40,185 shares in the company, valued at $1,486,845. The disclosure for this sale can be found here. Insiders have sold 52,287 shares of company stock valued at $1,930,704 in the last ninety days. 0.61% of the stock is owned by company insiders.

Halliburton Price Performance

NYSE:HAL traded up $0.17 during trading hours 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 stock has a market capitalization of $29.91 billion, a PE ratio of 11.69, a PEG ratio of 0.86 and a beta of 1.93. Halliburton has a 52 week low of $32.27 and a 52 week high of $43.85. The company has a 50 day moving average price of $35.89 and a two-hundred day moving average price of $36.34. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 30.84% and a net margin of 11.20%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. As a group, sell-side analysts anticipate that Halliburton will post 3.37 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.68 annualized dividend and a yield of 2.01%. Halliburton’s payout ratio is 23.53%.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of recent research reports. Benchmark reaffirmed a “buy” rating and issued a $45.00 target price on shares of Halliburton in a report on Wednesday, April 24th. StockNews.com upgraded Halliburton from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. TD Cowen raised 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. UBS Group upped their price target on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Finally, Wells Fargo & Company decreased their price objective on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $48.75.

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.