250,876 Shares in Halliburton Company $HAL Purchased by Gunderson Capital Management LLC

Gunderson Capital Management LLC acquired a new position in shares of Halliburton Company (NYSE:HAL) during the first quarter, HoldingsChannel reports. The fund acquired 250,876 shares of the oilfield services company’s stock, valued at approximately $9,782,000. Halliburton comprises about 4.1% of Gunderson Capital Management LLC’s portfolio, making the stock its 4th largest holding.

A number of other institutional investors also recently modified their holdings of HAL. Nvest Wealth Strategies Inc. acquired a new position in shares of Halliburton during the fourth quarter worth approximately $25,000. Kelleher Financial Advisors acquired a new stake in shares of Halliburton in the third quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. bought a new position in Halliburton in the 2nd quarter worth approximately $25,000. Zions Bancorporation National Association UT lifted its holdings in Halliburton by 196.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after buying an additional 650 shares in the last quarter. Finally, Strive Asset Management LLC acquired a new position in Halliburton during the 3rd quarter worth $31,000. 85.23% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Eric Carre sold 24,778 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $35.89, for a total transaction of $889,282.42. Following the completion of the transaction, the chief financial officer directly owned 148,520 shares in the company, valued at approximately $5,330,382.80. The trade was a 14.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Tobi M. Young sold 6,125 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $41.72, for a total value of $255,535.00. Following the completion of the sale, the director directly owned 15,250 shares of the company’s stock, valued at approximately $636,230. This trade represents a 28.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 258,255 shares of company stock valued at $10,550,535. Insiders own 0.57% of the company’s stock.

Halliburton Stock Performance

Shares of Halliburton stock opened at $34.09 on Friday. The firm has a fifty day moving average of $39.34 and a two-hundred day moving average of $35.64. The stock has a market capitalization of $28.47 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 1.48 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 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 posted its quarterly earnings results 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. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The business had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.37 billion. During the same period last year, the company earned $0.60 EPS. The firm’s revenue was down .3% on a year-over-year basis. As a group, equities research analysts predict that Halliburton Company will post 2.34 EPS for the current year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.68 annualized dividend and a yield of 2.0%. Halliburton’s dividend payout ratio is presently 37.36%.

Analyst Upgrades and Downgrades

HAL has been the subject of several research reports. Jefferies Financial Group reissued a “buy” rating and issued a $47.00 target price on shares of Halliburton in a research note on Sunday, April 26th. JPMorgan Chase & Co. upped their price target on Halliburton from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. BMO Capital Markets raised their price target on Halliburton from $42.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. HSBC lifted their price objective on Halliburton from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Morgan Stanley boosted their price objective on Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Eighteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.27.

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.