Nicolet Advisory Services LLC Purchases 1,572 Shares of Halliburton (NYSE:HAL)

Nicolet Advisory Services LLC lifted its position in shares of Halliburton (NYSE:HAL) by 20.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,142 shares of the oilfield services company’s stock after acquiring an additional 1,572 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Halliburton were worth $375,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banco Santander S.A. bought a new position in Halliburton in the 1st quarter worth about $1,088,000. Sentry Investment Management LLC boosted its stake in Halliburton by 10.6% in the 1st quarter. Sentry Investment Management LLC now owns 5,161 shares of the oilfield services company’s stock worth $203,000 after purchasing an additional 493 shares during the period. Banco BTG Pactual S.A. boosted its stake in Halliburton by 1.2% in the 1st quarter. Banco BTG Pactual S.A. now owns 57,825 shares of the oilfield services company’s stock worth $2,279,000 after purchasing an additional 687 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Halliburton by 14.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,015,789 shares of the oilfield services company’s stock valued at $40,042,000 after acquiring an additional 126,804 shares in the last quarter. Finally, Angeles Wealth Management LLC purchased a new stake in shares of Halliburton in the 1st quarter valued at about $308,000. Institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was 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 $10,481,883.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jeffrey Shannon Slocum sold 38,941 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $1,437,701.72. Following the completion of the transaction, the insider now owns 130,783 shares of the company’s stock, valued at $4,828,508.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $369,200.00. Following the transaction, the executive vice president now directly owns 283,908 shares of the company’s stock, valued at $10,481,883.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,287 shares of company stock valued at $1,930,704. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HAL. StockNews.com cut Halliburton from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. TD Cowen raised their price objective on Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Susquehanna reissued a “positive” rating and set a $49.00 price objective on shares of Halliburton in a report on Monday, April 8th. Bank of America decreased their price objective on Halliburton from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Finally, Wells Fargo & Company decreased their price objective on Halliburton from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 29th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.75.

Halliburton Stock Down 5.6 %

Shares of HAL stock traded down $2.04 during mid-day trading on Friday, hitting $34.40. The company’s stock had a trading volume of 18,696,859 shares, compared to its average volume of 9,952,106. Halliburton has a 52-week low of $32.60 and a 52-week high of $43.85. The business has a 50-day moving average price of $34.85 and a 200 day moving average price of $36.12. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. The stock has a market cap of $30.45 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.96 and a beta of 1.93.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The company had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.95 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. Halliburton’s revenue for the quarter was up .6% compared to the same quarter last year. Research analysts predict that Halliburton will post 3.35 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.98%. The ex-dividend date was Wednesday, June 5th. Halliburton’s dividend payout ratio is presently 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.