SG Americas Securities LLC Grows Stock Holdings in Halliburton Company $HAL

SG Americas Securities LLC increased its position in shares of Halliburton Company (NYSE:HAL) by 12.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 837,956 shares of the oilfield services company’s stock after purchasing an additional 92,569 shares during the period. SG Americas Securities LLC’s holdings in Halliburton were worth $32,672,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Vermillion Wealth Management Inc. lifted its holdings in Halliburton by 24.8% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company’s stock worth $41,000 after buying an additional 289 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Halliburton by 1.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company’s stock valued at $659,000 after acquiring an additional 349 shares during the last quarter. Harbour Investments Inc. raised its position in shares of 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. Kingsview Wealth Management LLC raised its position in shares of 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. Finally, Clearstead Trust LLC lifted its stake in Halliburton by 7.4% during the third quarter. Clearstead Trust LLC now owns 5,370 shares of the oilfield services company’s stock worth $132,000 after purchasing an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Trading Down 0.2%

NYSE:HAL opened at $35.11 on Wednesday. The company has a market capitalization of $29.33 billion, a PE ratio of 19.29, a P/E/G ratio of 1.52 and a beta of 0.69. Halliburton Company has a 52-week low of $20.09 and a 52-week high of $43.59. The stock’s 50 day moving average price is $39.56 and its 200 day moving average price is $35.56. 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 data on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. On average, research analysts anticipate that Halliburton Company will post 2.34 EPS for the current year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd will be given a $0.17 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $0.68 annualized dividend and a yield of 1.9%. Halliburton’s dividend payout ratio is 37.36%.

Wall Street Analysts Forecast Growth

HAL has been the subject of a number of research analyst reports. Barclays raised Halliburton from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $37.00 to $55.00 in a report on Thursday, May 7th. Morgan Stanley boosted their price objective on shares of Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. TD Cowen upped their target price on shares of Halliburton from $40.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $43.00 target price (up from $36.00) on shares of Halliburton in a research report on Wednesday, April 22nd. Finally, Wall Street Zen lowered shares of Halliburton from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 3rd. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $43.27.

Insider Transactions at Halliburton

In other Halliburton news, VP Timothy Mckeon sold 8,655 shares of Halliburton stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $42.00, for a total value of $363,510.00. Following the transaction, the vice president directly owned 72,976 shares in the company, valued at approximately $3,064,992. The trade was a 10.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Casey Maxwell sold 20,348 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $41.89, for a total transaction of $852,377.72. Following the sale, the insider owned 93,763 shares of the company’s stock, valued at $3,927,732.07. This trade represents a 17.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 416,710 shares of company stock worth $16,888,735 over the last 90 days. Company insiders own 0.57% of the company’s stock.

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.