Thurston Springer Miller Herd & Titak Inc. Grows Stake in Halliburton (NYSE:HAL)

Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Halliburton (NYSE:HAL) by 34.0% during the 1st quarter, HoldingsChannel reports. The firm owned 13,998 shares of the oilfield services company’s stock after buying an additional 3,555 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Halliburton were worth $355,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HAL. Mascagni Wealth Management Inc. purchased a new position in Halliburton during the 4th quarter worth $28,000. Horrell Capital Management Inc. bought a new stake in Halliburton during the 4th quarter valued at $33,000. Sierra Ocean LLC bought a new stake in Halliburton during the 4th quarter valued at $36,000. Vermillion Wealth Management Inc. bought a new stake in Halliburton during the 4th quarter valued at $39,000. Finally, Blume Capital Management Inc. boosted its position in Halliburton by 33.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock valued at $44,000 after acquiring an additional 400 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Stock Performance

Shares of HAL opened at $20.50 on Friday. The stock has a 50-day moving average of $20.68 and a two-hundred day moving average of $24.97. Halliburton has a one year low of $18.72 and a one year high of $37.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The stock has a market cap of $17.62 billion, a P/E ratio of 7.24, a P/E/G ratio of 3.79 and a beta of 1.19.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.28 billion. As a group, research analysts predict that Halliburton will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.32%. Halliburton’s payout ratio is currently 28.45%.

Insider Buying and Selling at Halliburton

In related news, CFO Eric Carre sold 51,179 shares of Halliburton stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.00, for a total value of $1,279,475.00. Following the completion of the transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,177,525. The trade was a 28.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HAL shares. Hsbc Global Res raised Halliburton to a “hold” rating in a research report on Wednesday, April 23rd. Barclays dropped their target price on Halliburton from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley dropped their target price on Halliburton from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Friday, May 16th. Citigroup dropped their target price on Halliburton from $33.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, Wells Fargo & Company raised their price objective on Halliburton from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.58.

Halliburton Company Profile

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.