John G Ullman & Associates Inc. Raises Position in Halliburton Company $HAL

John G Ullman & Associates Inc. grew its position in shares of Halliburton Company (NYSE:HAL) by 25.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 79,708 shares of the oilfield services company’s stock after acquiring an additional 16,000 shares during the period. John G Ullman & Associates Inc.’s holdings in Halliburton were worth $1,961,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SouthState Bank Corp boosted its position in shares of Halliburton by 75.9% during the third quarter. SouthState Bank Corp now owns 2,945 shares of the oilfield services company’s stock valued at $72,000 after purchasing an additional 1,271 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Halliburton by 31.8% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 42,271 shares of the oilfield services company’s stock worth $1,040,000 after purchasing an additional 10,202 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in Halliburton by 6.8% during the third quarter. SBI Securities Co. Ltd. now owns 7,879 shares of the oilfield services company’s stock valued at $194,000 after buying an additional 505 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Halliburton by 3.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 235,902 shares of the oilfield services company’s stock valued at $5,803,000 after buying an additional 8,774 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Halliburton by 249.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 6,965 shares of the oilfield services company’s stock valued at $171,000 after buying an additional 4,971 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

HAL has been the subject of several research reports. TD Cowen increased their price target on shares of Halliburton from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Rothschild Redb upgraded shares of Halliburton to a “strong-buy” rating in a report on Monday, November 3rd. Evercore ISI lifted their target price on shares of Halliburton from $35.00 to $36.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. Stifel Nicolaus set a $36.00 price target on Halliburton in a research report on Thursday, January 22nd. Finally, Susquehanna upped their price target on Halliburton from $36.00 to $40.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.76.

Insider Activity

In other news, insider Mark Richard sold 160,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the transaction, the insider directly owned 452,374 shares of the company’s stock, valued at $12,562,425.98. This represents a 26.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Margaret Katherine Banks sold 2,600 shares of Halliburton stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $34.17, for a total value of $88,842.00. Following the completion of the sale, the director owned 14,043 shares of the company’s stock, valued at $479,849.31. The trade was a 15.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 497,002 shares of company stock valued at $15,889,138. Corporate insiders own 0.56% of the company’s stock.

Halliburton Stock Down 1.5%

Shares of Halliburton stock opened at $33.83 on Friday. The company has a 50-day simple moving average of $30.36 and a two-hundred day simple moving average of $26.03. The stock has a market capitalization of $28.47 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 2.04 and a beta of 0.77. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $35.55. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 2.04.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.14. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter last year, the firm earned $0.73 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. On average, analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 3rd were paid a $0.17 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $0.68 annualized dividend and a dividend yield of 2.0%. Halliburton’s payout ratio is currently 45.03%.

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.