Halliburton Company $HAL Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its stake in Halliburton Company (NYSE:HAL) by 27.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,911 shares of the oilfield services company’s stock after purchasing an additional 16,386 shares during the period. Sanctuary Advisors LLC’s holdings in Halliburton were worth $2,960,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Halliburton by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock valued at $2,353,000 after acquiring an additional 6,507 shares during the period. Woodline Partners LP grew its position in shares of Halliburton by 39.0% during the first quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock worth $1,861,000 after acquiring an additional 20,583 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Halliburton by 25.0% in the 1st quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock worth $1,320,000 after acquiring an additional 10,408 shares during the period. Intech Investment Management LLC increased its holdings in shares of Halliburton by 309.1% in the 1st quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock worth $1,749,000 after acquiring an additional 52,092 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in Halliburton in the 1st quarter valued at about $895,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity at Halliburton

In other news, EVP Van H. Beckwith sold 198,349 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $41.29, for a total value of $8,189,830.21. Following the completion of the sale, the executive vice president owned 146,186 shares in the company, valued at $6,036,019.94. This represents a 57.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Timothy Mckeon sold 8,655 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $3,064,992. This represents a 10.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 258,255 shares of company stock worth $10,550,535 in the last quarter. Company insiders own 0.57% of the company’s stock.

Halliburton Trading Down 0.1%

Shares of NYSE:HAL opened at $35.20 on Tuesday. The company has a 50 day moving average of $37.61 and a 200-day moving average of $36.38. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The firm has a market cap of $29.40 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.63 and a beta of 0.71. Halliburton Company has a twelve month low of $20.17 and a twelve month high of $43.59.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The business had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.37 billion. During the same quarter last year, the business earned $0.60 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. As a group, analysts anticipate that Halliburton Company will post 2.36 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, June 3rd. Halliburton’s dividend payout ratio (DPR) is presently 37.36%.

Analyst Ratings Changes

A number of research analysts have issued reports on HAL shares. Morgan Stanley set a $41.00 target price on shares of Halliburton in a research note on Wednesday, July 15th. Stifel Nicolaus restated a “buy” rating and issued a $43.00 price target (up from $36.00) on shares of Halliburton in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their price target on Halliburton from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Citigroup boosted their price objective on Halliburton from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Halliburton in a report on Wednesday, July 8th. Nineteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Halliburton has an average rating of “Moderate Buy” and a consensus target price of $43.27.

Halliburton 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.