Commerzbank Aktiengesellschaft FI Buys 20,830 Shares of Halliburton Company $HAL

Commerzbank Aktiengesellschaft FI lifted its position in Halliburton Company (NYSE:HAL) by 15.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 158,366 shares of the oilfield services company’s stock after purchasing an additional 20,830 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Halliburton were worth $6,175,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HAL. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Halliburton by 10.2% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,794 shares of the oilfield services company’s stock worth $109,000 after buying an additional 258 shares during the period. Vermillion Wealth Management Inc. raised its holdings in shares of Halliburton by 24.8% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company’s stock valued at $41,000 after acquiring an additional 289 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in Halliburton by 1.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company’s stock worth $659,000 after acquiring an additional 349 shares during the period. Harbour Investments Inc. grew its holdings in Halliburton by 7.3% during the 4th quarter. Harbour Investments Inc. now owns 5,320 shares of the oilfield services company’s stock worth $150,000 after acquiring an additional 361 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in Halliburton by 3.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 10,363 shares of the oilfield services company’s stock worth $293,000 after acquiring an additional 365 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Insider Transactions at Halliburton

In other Halliburton news, insider Michael Casey Maxwell sold 20,348 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $41.89, for a total value of $852,377.72. Following the sale, the insider directly owned 93,763 shares of the company’s stock, valued at approximately $3,927,732.07. This represents a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the sale, the chief financial officer directly owned 148,520 shares in the company, valued at $5,330,382.80. This represents a 14.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 258,255 shares of company stock valued at $10,550,535. 0.57% of the stock is owned by corporate insiders.

Halliburton Trading Down 0.1%

Halliburton stock opened at $35.20 on Tuesday. The stock has a 50-day moving average price of $37.61 and a 200 day moving average price of $36.38. The company has a market capitalization of $29.40 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 1.63 and a beta of 0.71. Halliburton Company has a 52 week low of $20.17 and a 52 week high of $43.59. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.65.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter in the prior year, the company earned $0.60 EPS. Halliburton’s quarterly revenue was down .3% on a year-over-year basis. Sell-side analysts anticipate that Halliburton Company will post 2.36 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, June 3rd. Halliburton’s dividend payout ratio is 37.36%.

Wall Street Analyst Weigh In

HAL has been the subject of several recent analyst reports. Griffin Securities upgraded shares of Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Wednesday, April 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 target price (up from $36.00) on shares of Halliburton in a research note on Wednesday, April 22nd. Morgan Stanley set a $41.00 target price on shares of Halliburton in a research report on Wednesday, July 15th. UBS Group upped their price target on shares of Halliburton from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Finally, Barclays raised shares of Halliburton from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $37.00 to $55.00 in a report on Thursday, May 7th. Nineteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.27.

About Halliburton

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.