Grassi Investment Management Has $1.75 Million Holdings in Halliburton Company (HAL)

Grassi Investment Management boosted its holdings in Halliburton Company (NYSE:HAL) by 8.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 35,701 shares of the oilfield services company’s stock after buying an additional 2,871 shares during the period. Grassi Investment Management’s holdings in Halliburton were worth $1,745,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Comerica Securities Inc. grew its position in shares of Halliburton by 0.3% during the second quarter. Comerica Securities Inc. now owns 6,606 shares of the oilfield services company’s stock worth $282,000 after buying an additional 18 shares in the last quarter. Hedeker Wealth LLC boosted its holdings in Halliburton by 0.3% in the second quarter. Hedeker Wealth LLC now owns 19,541 shares of the oilfield services company’s stock worth $834,000 after purchasing an additional 56 shares during the period. Summit Financial Wealth Advisors LLC boosted its holdings in Halliburton by 0.8% in the second quarter. Summit Financial Wealth Advisors LLC now owns 13,715 shares of the oilfield services company’s stock worth $586,000 after purchasing an additional 115 shares during the period. Pinebridge Investments L.P. boosted its holdings in Halliburton by 0.6% in the second quarter. Pinebridge Investments L.P. now owns 19,775 shares of the oilfield services company’s stock worth $845,000 after purchasing an additional 120 shares during the period. Finally, Covington Capital Management boosted its holdings in Halliburton by 0.8% in the second quarter. Covington Capital Management now owns 23,814 shares of the oilfield services company’s stock worth $1,017,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 79.88% of the company’s stock.

In other news, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the completion of the transaction, the chairman now directly owns 490,143 shares in the company, valued at $21,419,249.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Anne L. Beaty sold 2,937 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $51.57, for a total value of $151,461.09. Following the transaction, the vice president now owns 60,839 shares of the company’s stock, valued at $3,137,467.23. The disclosure for this sale can be found here. In the last three months, insiders sold 141,612 shares of company stock valued at $6,556,433. 0.47% of the stock is currently owned by company insiders.

A number of research firms have commented on HAL. BMO Capital Markets reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Halliburton in a report on Tuesday. Cowen set a $55.00 price target on shares of Halliburton and gave the company a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Jefferies Group set a $57.00 price target on shares of Halliburton and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, Royal Bank of Canada set a $60.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $57.21.

Halliburton Company (HAL) traded up $0.72 during trading hours on Wednesday, reaching $52.85. The company’s stock had a trading volume of 8,479,932 shares, compared to its average volume of 9,086,300. The stock has a market cap of $46,110.00, a PE ratio of 220.21, a PEG ratio of 3.04 and a beta of 1.03. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78. The company has a current ratio of 2.20, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The business had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 EPS. sell-side analysts forecast that Halliburton Company will post 1.15 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 7th were paid a $0.18 dividend. The ex-dividend date was Wednesday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. Halliburton’s payout ratio is 300.00%.

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Halliburton Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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