Halliburton (NYSE:HAL) Holdings Raised by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. boosted its stake in shares of Halliburton (NYSE:HAL) by 4.8% in the fourth quarter, HoldingsChannel reports. The firm owned 43,669 shares of the oilfield services company’s stock after purchasing an additional 2,011 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Halliburton were worth $1,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nvwm LLC boosted its position in Halliburton by 1.2% during the 3rd quarter. Nvwm LLC now owns 22,759 shares of the oilfield services company’s stock worth $922,000 after acquiring an additional 259 shares during the period. Stratos Wealth Advisors LLC raised its position in shares of Halliburton by 3.6% during the third quarter. Stratos Wealth Advisors LLC now owns 7,605 shares of the oilfield services company’s stock worth $308,000 after purchasing an additional 263 shares during the period. Lake Street Advisors Group LLC raised its position in shares of Halliburton by 2.3% during the third quarter. Lake Street Advisors Group LLC now owns 11,972 shares of the oilfield services company’s stock worth $485,000 after purchasing an additional 268 shares during the period. Avantax Advisory Services Inc. raised its position in Halliburton by 2.6% during the third quarter. Avantax Advisory Services Inc. now owns 10,875 shares of the oilfield services company’s stock valued at $440,000 after buying an additional 280 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Halliburton by 4.0% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,439 shares of the oilfield services company’s stock valued at $301,000 after buying an additional 289 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Trading Down 3.0 %

HAL traded down $1.11 during mid-day trading on Wednesday, reaching $36.36. The stock had a trading volume of 3,491,199 shares, compared to its average volume of 7,034,736. The stock has a market capitalization of $32.19 billion, a P/E ratio of 12.97, a P/E/G ratio of 0.99 and a beta of 2.00. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. The firm’s fifty day simple moving average is $38.00 and its two-hundred day simple moving average is $37.28. Halliburton has a 52 week low of $27.84 and a 52 week high of $43.85.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same period last year, the company earned $0.72 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities analysts predict that Halliburton will post 3.4 EPS for the current year.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of recent research reports. TD Cowen boosted their target price on Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. StockNews.com downgraded Halliburton from a “buy” rating to a “hold” rating in a research note on Tuesday. Susquehanna reaffirmed a “positive” rating and issued a $49.00 price target on shares of Halliburton in a report on Monday, April 8th. Benchmark reaffirmed a “buy” rating and issued a $45.00 price target on shares of Halliburton in a report on Wednesday, April 24th. Finally, Raymond James dropped their target price on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and an average target price of $48.65.

Insider Transactions at Halliburton

In related news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the sale, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the sale, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.30, for a total value of $13,308,100.00. Following the completion of the sale, the chief executive officer now directly owns 759,015 shares in the company, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.