Rise Advisors LLC Invests $26,000 in Halliburton (NYSE:HAL)

Rise Advisors LLC bought a new stake in shares of Halliburton (NYSE:HAL) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 667 shares of the oilfield services company’s stock, valued at approximately $26,000.

Several other hedge funds also recently added to or reduced their stakes in HAL. Franklin Resources Inc. lifted its holdings in shares of Halliburton by 19.1% in the 4th quarter. Franklin Resources Inc. now owns 1,179,579 shares of the oilfield services company’s stock valued at $42,642,000 after buying an additional 189,324 shares during the period. Nordea Investment Management AB lifted its holdings in Halliburton by 271.0% in the fourth quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company’s stock valued at $27,781,000 after acquiring an additional 561,020 shares during the period. Cerity Partners LLC boosted its position in Halliburton by 69.5% in the 4th quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock worth $7,472,000 after purchasing an additional 84,771 shares in the last quarter. KLCM Advisors Inc. grew its stake in shares of Halliburton by 6.9% during the 4th quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company’s stock worth $17,722,000 after purchasing an additional 31,534 shares during the period. Finally, Vontobel Holding Ltd. increased its holdings in shares of Halliburton by 65.4% during the 4th quarter. Vontobel Holding Ltd. now owns 57,920 shares of the oilfield services company’s stock valued at $2,094,000 after purchasing an additional 22,906 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on HAL shares. UBS Group increased their price target on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. TD Cowen raised their target price on Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Citigroup upped their price target on Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. The Goldman Sachs Group raised their price objective on Halliburton from $46.00 to $48.00 in a report on Tuesday, April 23rd. Finally, Morgan Stanley increased their target price on Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.06.

Halliburton Price Performance

Halliburton stock opened at $33.61 on Friday. The company has a fifty day simple moving average of $36.35 and a 200-day simple moving average of $36.36. The firm has a market capitalization of $29.75 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.84 and a beta of 1.93. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. Halliburton has a 52-week low of $30.04 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. During the same quarter in the prior year, the company earned $0.72 EPS. Halliburton’s revenue was up 2.2% compared to the same quarter last year. On average, equities analysts anticipate that Halliburton will post 3.39 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.02%. Halliburton’s dividend payout ratio is presently 23.53%.

Insider Buying and Selling

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $369,200.00. Following the completion of the sale, the executive vice president now directly owns 283,908 shares in the company, valued at approximately $10,481,883.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Jill D. Sharp sold 3,346 shares of Halliburton stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the sale, the senior vice president now owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $369,200.00. Following the completion of the transaction, the executive vice president now owns 283,908 shares of the company’s stock, valued at $10,481,883.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,287 shares of company stock worth $1,930,704. 0.61% of the stock is owned by corporate insiders.

Halliburton 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.