Halliburton Company $HAL Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Halliburton Company (NYSE:HAL) by 33.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,570 shares of the oilfield services company’s stock after purchasing an additional 14,299 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Halliburton were worth $1,599,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Nvest Wealth Strategies Inc. acquired a new position in Halliburton during the fourth quarter worth $25,000. Kelleher Financial Advisors acquired a new position in Halliburton during the third quarter worth $25,000. GoalVest Advisory LLC acquired a new position in Halliburton during the fourth quarter worth $35,000. Newbridge Financial Services Group Inc. acquired a new position in Halliburton during the second quarter worth $25,000. Finally, Strive Asset Management LLC acquired a new position in Halliburton during the third quarter worth $31,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Halliburton

In other news, EVP Van H. Beckwith sold 198,349 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the completion of the sale, the executive vice president owned 146,186 shares in the company, valued at approximately $6,036,019.94. This represents a 57.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jeffrey Allen Miller sold 158,455 shares of the stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $6,338,200.00. Following the sale, the chief executive officer owned 1,013,027 shares of the company’s stock, valued at $40,521,080. This trade represents a 13.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 416,991 shares of company stock valued at $16,846,948. Corporate insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on HAL. BMO Capital Markets upped their price target on Halliburton from $42.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. UBS Group upped their price target on Halliburton from $35.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Barclays upgraded Halliburton from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $37.00 to $55.00 in a research note on Thursday, May 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $43.00 price objective (up from $36.00) on shares of Halliburton in a research report on Wednesday, April 22nd. Finally, Evercore upped their price objective on Halliburton from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Eighteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.27.

Halliburton Stock Performance

Shares of HAL stock opened at $39.60 on Wednesday. The stock’s 50-day moving average is $39.79 and its two-hundred day moving average is $34.80. The firm has a market cap of $33.08 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 1.75 and a beta of 0.69. Halliburton Company has a 1 year low of $20.09 and a 1 year high of $43.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. Analysts predict that Halliburton Company will post 2.34 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. Halliburton’s dividend payout ratio is 37.36%.

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.