Biltmore Wealth Management LLC Takes Position in Halliburton (NYSE:HAL)

Biltmore Wealth Management LLC bought a new position in shares of Halliburton (NYSE:HAL) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 12,094 shares of the oilfield services company’s stock, valued at approximately $354,000.

A number of other hedge funds also recently made changes to their positions in HAL. Vanguard Group Inc. grew its stake in shares of Halliburton by 1.3% in the third quarter. Vanguard Group Inc. now owns 64,076,786 shares of the oilfield services company’s stock valued at $2,597,032,000 after buying an additional 791,500 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Halliburton by 1.3% in the third quarter. Vanguard Group Inc now owns 64,076,786 shares of the oilfield services company’s stock valued at $2,597,032,000 after buying an additional 791,500 shares in the last quarter. BlackRock Inc. grew its stake in shares of Halliburton by 2.6% in the fourth quarter. BlackRock Inc. now owns 59,501,439 shares of the oilfield services company’s stock valued at $1,581,547,000 after buying an additional 1,502,255 shares in the last quarter. Sanders Capital LLC grew its stake in shares of Halliburton by 8.8% in the fourth quarter. Sanders Capital LLC now owns 21,512,502 shares of the oilfield services company’s stock valued at $630,814,000 after buying an additional 1,736,080 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of Halliburton by 15.7% in the fourth quarter. Macquarie Group Ltd. now owns 21,027,384 shares of the oilfield services company’s stock valued at $558,907,000 after buying an additional 2,860,965 shares in the last quarter. Hedge funds and other institutional investors own 80.94% of the company’s stock.

In other Halliburton news, CFO Lance Loeffler sold 5,926 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $28.35, for a total transaction of $168,002.10. Following the sale, the chief financial officer now directly owns 55,885 shares in the company, valued at $1,584,339.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.54% of the company’s stock.

Shares of HAL opened at $31.33 on Monday. Halliburton has a 52-week low of $24.70 and a 52-week high of $54.91. The company has a current ratio of 2.32, a quick ratio of 1.69 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $27.23 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 1.99 and a beta of 1.17.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Halliburton had a return on equity of 18.57% and a net margin of 6.90%. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.87 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. Equities analysts predict that Halliburton will post 1.35 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.72 dividend on an annualized basis and a yield of 2.30%. Halliburton’s dividend payout ratio (DPR) is presently 37.89%.

HAL has been the subject of several research reports. Barclays cut their price target on Halliburton from $38.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Zacks Investment Research downgraded Halliburton from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. UBS Group set a $40.00 target price on Halliburton and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Stifel Nicolaus set a $36.00 price target on Halliburton and gave the company a “buy” rating in a research note on Tuesday, January 22nd. Finally, Royal Bank of Canada set a $48.00 price target on Halliburton and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.38.

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Halliburton Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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